Medical Loupes Market Aims Bigger with Technological Innovations 2027.
The “Medical Loupes Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Type, Lens Type, Application, and Distribution Channel,” the market is expected to reach US$ 658.49 million by 2027 from US$ 393.64 million in 2019. The market is estimated to grow at a CAGR of 6.8% from 2020 to 2027. The report highlights the trends prevailing in the global medical loupes market and the factors driving the market along with those that act as deterrents to its growth. The market is expected to grow due to increasing product launches and rising need of medical loupes during surgical procedures during the forecast period.
Growing developments in medical technology are enabling various product launches in the market. Several leading and startup companies have enhanced their product development and upgrade activities that are leveraging the market’s growth. For instance, in February 2020, Orascoptic announced a new range of medical loupe, Tempo Refined Fit, for its custom product portfolio. The product is designed to provide extra comfort for clinicians. The customized product is designed to fit facial structures with a lower nose bridge and higher cheekbones, providing definitive comfort and function. The company has also announced another breakthrough in July 2019 by introducing TruColor. It is a development in the loupe illumination segment.
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The device is designed to achieve high color rendering index (CRI) illumination. The development has enabled integration of LED lights with 90 CRI illumination in the headband medical loupe. TruColor offers to visualize rendering colors much closer to the natural colors. Thus, it enables a clear vision of the surgical site and oral surfaces that are washed-out during cleaning process and provide low color accuracy during the surgical procedures.
The medical loupes market is highly competitive in nature with considerable number of players, having a high level of consolidation overall revenue share. Most of the companies operating in the medical loupes market are present globally and have wide distribution and sales network through partnerships or authorized dealers.
The most notable market participants are
Carl Zeiss Meditec AG
SurgiTel
Sheervision Loupes & Headlights
Keeler Ltd (Halma plc)
Neitz Instruments Co.,Ltd
Orascoptic
Univet S.r.l.
Designs for Vision, Inc.
Den-Mat Holdings, LLC
Enova Illumination
occupying a considerable share of the market owing to their offerings to the market.
Market leaders are involved in extensive research for the development of new medical loupes with better efficiency and treatment outcomes. For instance, in Feb. 2019, Enova Illumination announced that its new line of masterfully crafted loupes was released to the public last week and are now available for order. The loupes, made in the United States, are the first on the market to feature colored oculars and are available in green, blue, pink, silver, and black.
Many well-known as well as small local companies are present in the market to provide diversified products to its customers. The larger firms are adopting the strategy of acquiring small firms to enhance its product portfolio and expand its footprint in different geographies. Additionally various companies are also undergoing other strategic alliances such as collaborations and others to garner their significance and remain competitive in the market.
