Pune India, Feb. 07, 2023 (GLOBE NEWSWIRE) -- The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and the Middle East and Africa. These are the key regions where the surgical loupes market is operating and is predicted to expand soon. The manufacturers and suppliers involved in the surgical loupes market are present across various countries in the above-mentioned regions.
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The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as the lens type, application, end use, and region. Apart from this, the key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the below paragraphs.
The significant players operating in the global surgical loupes market are SHEERVISION, Orascoptic, Univet S.r.l., Keeler, SurgiTel, ZEISS , Rudolf Riester GmbH, NEITZ INSTRUMENTS CO., LTD. , Ocutech Inc., Designs for Vision, Inc. among other. To achieve a substantial market share in the worldwide surgical loupes market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.
A loupe is a simple, portable magnifying tool that is used to magnify small objects. They are designed to be held or worn close to the eye and have a higher magnification than a magnifying glass. The focusing lens(es) of a loupe are housed in an opaque cylinder or cone; it does not have a connected handle. When not in use, this cylinder folds into a housing that encloses and protects the lenses on some loupes. Loupes are used in a range of industries where magnification allows for more precise work to be completed more swiftly and conveniently. A few examples include surgery, dentistry, ophthalmology, the jewellery industry, gemmology, and watchmaking. Loupes are occasionally used in printing and photography. Binocular loupe glasses are widely used by dentists, hygienists, and dental therapists since dental operations require both hands to be free. The magnification aids in the proper diagnosis of oral conditions and enhances surgical accuracy when treating patients. Loupes can also assist dentists stand more erect, reducing the pressure on their work. Flip-style dental loupes have two little cylinders in front of each lens of the glasses. Other types are put into the lenses of eyewear. Visual and physical examination of a healthy, dry tooth is the most accurate technique to detect dental caries, often known as cavities. Using magnification, dentists can tell the difference between a stain and a cavity. Cavities are examined and scored depending on their visual appearance.
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Scope of surgical loupes market Report
| Report Metric | Information |
| Study Period | 2022-2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Market Share Unit | USD Million |
| Segments Covered | Lens Type, Application, End Use, and Regions |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle-East and Africa |
| Major Players | SHEERVISION, Orascoptic, Univet S.r.l., Keeler, SurgiTel, ZEISS , Rudolf Riester GmbH, NEITZ INSTRUMENTS CO., LTD. , Ocutech Inc., Designs for Vision, Inc. among other. |
Segmentation Analysis
The Galilean type segment is expected to be the fastest-growing segment in 2022.
The lens type segment includes Galilean type, plate loupe type, and prismatic type. The Galilean type segment is expected to witness the highest growth rate during the forecast period. Convex objective lenses and concave eyepiece lenses are common features of Galilean-style loupes. Both of these lenses help to produce a clear image as compared to a single lens. This type also adds to a broad and deep field of view. Galilean-style loupes come in a variety of magnification ranges. Although these lenses are commonly prescribed in the 1.7x to 3.0x magnification range, high magnification powers are also available. Galilean-type loupes are surgical loupes with a simple optical design and a light weight. Because of its low cost and versatility, this type is the greatest choice for oral surgical procedures.
The dentistry segment is expected to be the fastest-growing segment in 2022.
The application segment includes dentistry and surgery.. The dentistry segment is expected to witness the highest growth rate during the forecast period. These gadgets make operations easier and more productive for dentists. Additionally, employing medical loupes may ease physical ailments such as eye strain, backache, and shoulder weakness caused by long work hours. These factors are expected to persuade dentists to utilise surgical loupes.
The hospitals segment is expected to be the fastest-growing segment in 2022.
The end-user segment includes hospitals and ambulatory surgical centers. The hospitals segment is expected to witness the highest growth rate during the forecast period. The market is expanding primarily as a result of an increase in refractive, glaucomatous, and cataract-related ocular surgeries. The segment is expanding as the prevalence of eye-related illnesses rises and sophisticated minimally invasive procedures become available. Surgical loupes are used in hospitals to help ophthalmologists provide successful therapy by boosting and magnifying eyesight. Because most eye treatments are performed in hospitals and clinics, ophthalmologists want more precise, enlarged surgical loupes with improved adjustability. The rising price of these loupes, as well as the higher cost of hospital care, may stymie sector growth during the forecast period.
Regional Analysis
The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for the surgical loupes include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.
- The North America region witnessed a major share. Because of the region's availability of market participants, the market in the region is expanding. The majority of the players, including Ocutech Inc., SHEERVISION, and SurgiTel, are American firms that manufacture cutting-edge surgical loupes. These players also provide service programmes to increase awareness of the importance of loupes, as well as services for their maintenance and upgrading. In October 2020, SurgiTel, for example, offered 9 partner service programmes, including free evaluation, refurbishment, declination angle adjustment, custom nose pad, free lecture, a monthly educational publication, hands-on workshop assistance, and equipment loans for charitable programmes and mission trips. These programs were created to aid doctors in teaching patients about the benefits of surgical loupes.
Country Analysis
- Germany
Germany's Surgical Loupe’s market size was valued at USD 98 million in 2022 and is expected to reach USD 159.76 million by 2030, at a CAGR of 6.3% from 2023 to 2030. The continuously growing senior population, rising need for surgeries, technological advancements in surgical loupes lens types, and funding for surgical loupes research are the primary drivers of demand in Germany.
- China
China Surgical Loupe’s market size was valued at USD 87 million in 2022 and is expected to reach USD 133.51 million by 2030, at a CAGR of 5.5% from 2023 to 2030. The ageing population in China is causing an increase in dentistry and lifestyle-related health concerns, necessitating the use of Surgical Loupes. Longer life expectancy and lower birth rates are expected to boost China's geriatric population, which the WHO projects would account for 28% of all people by 2040.
- India
India's Surgical Loupe’s market size was valued at USD 72 million in 2022 and is expected to reach USD 106.37 million by 2030, at a CAGR of 5% from 2023 to 2030. In India, players such as NEITZ INSTRUMENTS provide cutting-edge technology loupes. Furthermore, the company allows customers to choose their own mounting technique or frame, LED illuminator, and loupe type from a variety of Galilean, prismatic, and plate alternatives. This assists users in designing surgical loupes that are pleasant and support proper posture. This stimulates the regional market.
Covid-19 Impact
Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.
Furthermore, the growth of the surgical loupes market is mainly driven by the rising number of incidents.
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