Ophthalmic Loupes Market is Segmented By Type (Galilean, Prismatic (Keplerian), Plate Loupe), By Design (Through-the-lens (TTL), Flip-up), By End-Use (Hospitals, Ambulatory Surgical Centers, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030.
Ophthalmic Loupes Market Overview
Ophthalmic Loupes Market is predicted to reach at a high CAGR of 6.9% during the forecast period (2023-2030).
Ophthalmic Loupes Market Summary
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Metrics |
Details |
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Market CAGR |
6.9% |
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Segments Covered |
By Type, By Design, By End-Use and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Loupes are simple optical devices used for viewing details of objects with some magnification. In contrast to a magnifying glass, a loupe is used at a close distance from the eye, is typically smaller and has a shorter focal length. It essentially consists of a single lens, or sometimes on a compact combination of lenses, which modify the path of light by refraction. Surgeons in many specialties commonly use loupes when doing surgery on delicate structures. The loupes used by surgeons are mounted in the lenses of glasses. They are custom-made for the individual surgeon, taking into account their corrected vision, interpupillary distance and desired focal distance. Ophthalmologist mainly uses surgical loupes.
Globally, at least 2.2 billion people have a near or distance vision impairment. In at least 1 billion – or almost half – of these cases, vision impairment could have been prevented or has yet to be addressed. Vision impairment poses an enormous global financial burden with the annual global costs of productivity losses associated with vision impairment from uncorrected myopia and presbyopia alone estimated to be US$ XX billion and US$ XX billion.
Source: DataM Intelligence Analysis (2020)
Ophthalmic Loupes Market Dynamics
The ophthalmic loupes market growth is driven by the increasing number of eye problems such as glaucoma, cataract and refractive disorders with an increasing number of surgeries. It will gradually increase the adoption of ophthalmic loupes. Companies are focussing on the development of advanced ophthalmic loupes. Tedious designs, limited functions, and high cost are some of the restraining factors of the market.
The increasing number of eye problems will drive the market growth
Globally, at least 2.2 billion people have a near or distance vision impairment. In at least 1 billion – or almost half – of these cases, vision impairment could have been prevented or has yet to be addressed. The common type of eye surgeries cataract surgery, corneal transplant, glaucoma surgeries etc. These surgeries will need surgeons to be precise during the procedures, which will need devices like ophthalmic loupes and will see an increase in its market in the forecast period.
Approximately 10 million cataract operations are performed each year globally, with rates varying from 100 to 6000 operations per million population per year.
Development of advanced Ophthalmic loupes
Advanced ophthalmic loupes will help decrease stress on the surgeon's neck and optimize magnification. High-quality optics that offer high resolution and are free from optical and colour distortion. Different lens coating is integrated into these lenses to avoid increase light transmission and reflection. Moreover, many companies provide customized ophthalmic loupes by integrating prescription eyewear into ophthalmic loupes.
Side Effects associated with tedious designs and high costs
Some structures can lack the property of stability due to increased weight and rendering loupes awkward for wearing for a prolonged period. High stability loupes generally have high-cost and are not readily available.
COVID-19 Impact on Ophthalmic Loupes Market
The covid-19 outbreak has affected many sectors. Especially the economy all over the world. A nd will also affect the ophthalmic loupes market-creating supply chain and market disruption, affecting production and demand. Amidst the COVID-19 crisis and social distancing recommendations, general visits to an ophthalmologist have seen to decrease. This might affect the market.
A recent study has shown that the number of general medical emergency department (ED) visits have declined 42% during the early COVID-19 pandemic. Another recent study has shown that during the national lockdown in Italy, the number of total visits to an eye-specific ED in Bologna, Italy, decreased.
Ophthalmic Loupes Market Segmentation Analysis
Based on type, Ophthalmic Loupes Market is divided into Galilean, Prismatic (Keplerian) and Plate Loupe.
Galilean type held the major segment of the market
Surgical Loupes in Galilean style consist of two lenses – convex objective lens and concave eyepiece lens. Both the lenses in a pair of loupes work efficiently to deliver higher magnification and clear images than single-lens loupes. Galilean-type loupes come with different magnification ranges 1.7x to 3.0x magnification range is usually prescribed. However, these lenses are available in high magnification power as well. Galilean-type ophthalmic loupes are lightweight, simple, and have a simple optical design. The affordability and adaptability of this type make it an ideal option for dental surgical procedures.
Prismatic type loupes are also expected to grow at a fast rate during the forecast period. They are also known as keplerian loupes. Prismatic loupes boast greater clarity and higher magnifications. While these loupes are typically designed for magnifications that range from 3.5x up to 6.0x range, there are keplerian varieties that offer up to 8.0x loupe magnification.
By Design, ophthalmic loupes are divided into Through-the-lens (TTL) and Flip-up
Through-the-lens segment dominated the market
TTL loupes are lighter in weight and bulkier when compared to flip-ups because there is no hinge mechanism. TTL loupes are bespoke to match your inter-pupillary distance (the distance between your eyes). These loupes are widely used and adopted in various settings. They can be customized based on the user's needs.
Flip-up loupes are expected to grow over the forecast period. Various advantages of this loupes are the reason for its growth in the market. Low cost compared to TTL and has a greater angle of declination.
By End-use, the ophthalmic loupes market is divided into hospitals, ambulatory surgical centers and others.
The hospital segment held the highest share in the market
Due to the increasing number of eye-related problems, there is an increase in ophthalmic surgeries or correcting cataracts, glaucoma, and refractive disorders. The introduction of advanced medical devices for these surgeries has led to the growth of the ophthalmic loupes market. Since most surgeries related to eyes are conducted in hospitals and Ambulatory Surgical Centers, this segment holds a share in the market.
Source: DataM Intelligence Analysis (2020)
Ophthalmic Loupes Market Geographical Share
North America region holds the largest share in the ophthalmic loupes market
The regional growth is attributed to the increased number of investments, R&D activities, and several key players in the significant market developments, along with an increased number of awareness programs held by this region.
Europe is also expected to follow North America.
Ophthalmic Loupes Market Companies and Competitive Landscape
The ophthalmic loupes market key players are involved in the research and development of advanced technologies. Some of the key players are Rudolf Riester GmbH, SurgiTel, Orascoptic, Keeler, Univet S.r.l, SHEERVISION, ZEISS, NEITZ INSTRUMENTS CO., LTD. and Designs for Vision, Inc.
ZEISS
Overview: ZEISS is an internationally leading technology company operating in the optics and optoelectronics industries. ZEISS is shaping technological progress and, through its solutions, extends the horizon of the world of optics and associated areas. ZEISS develops, produces and distributes highly innovative solutions for industrial metrology and quality assurance, microscopy solutions for the life sciences and materials research, and medical technology solutions for diagnostics and treatment in ophthalmology and microsurgery. ZEISS consists of four segments: Semiconductor Manufacturing Technology, Industrial Quality & Research, Medical Technology and Consumer Markets.
Product Portfolio: The company's portfolio comprises areas like digitalization, healthcare and Industry as well as a strong brand. ZEISS is shaping technological progress and, through its solutions, extends the horizon of the world of optics and associated areas.
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