Growing prevalence of sleep disorders will boost the ophthalmic loupes market, forecast to touch US$ 550 Million by 2025 at a CAGR of 6%
Noida, Uttar Pradesh, India, February 25 2021 (Wiredrelease) Report Ocean Pvt Ltd –:A growing number of eye diseases such as glaucoma, cataract, and refractive disorders increase the need for ophthalmic surgery. It hence is expected to push the ophthalmic loupes adoption, especially in the emerging economies. According to the World Health Organization (WHO), in October 2020, 1 billion people had vision impairment worldwide. It included un-addressed cases of unaddressed cataracts (65.2 million), glaucoma (6.9 million), and refractive errors (123.7 million). Driven by these promising developments, the Global Ophthalmic loupes Market is estimated to see healthy growth, pegged at a CAGR of ~6% during the forecast period 2020-2025.
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However, due to the high weight, some frames can lack this property, rendering the loupes awkward for prolonged wear. Frames with more excellent balance, stability, and comfort are costly. Hence, the adoption of ophthalmic loupes is probable to be slow down during the coming years.
Ophthalmic loupes assistance in magnifying and enhancing the precision and accuracy factors during the operative surgery. They are an affordable alternative for operating microscopes during surgeries, thereby expected to influence its adoption in small to mid-sized healthcare sector and ambulatory care practice. These loupes can also be adjusted considering the interpupillary distance, angle of declination, and working distance, thereby maintaining the posture of ophthalmologists.
Based on region, North America dominated the global ophthalmic loupes market, with the largest share in terms of revenue in 2019. The growth is supported by the large number of big companies presence in the domestic commercial space. Most of the players such as SHEERVISION, Ocutech, Inc., and SurgiTel are based in the US and develop cutting-edge ophthalmic loupes. Additionally, these crucial players have support projects to raise awareness about the significance of loupes, maintenance, and services.
The Asia Pacific is projected to grow at the fastest CAGR rate during the forecast period. Companies such as NEITZ Instruments offer technologically advanced loupes. Besides, the company allows the users to choose their loupe type: Galilean, plate, prismatic, mounting option or frame, and the LED illuminator. This helps the users develop ophthalmic loupes as per their demand, which suits their comfort and helps maintain their posture.
The rising in the focus on the production of sophisticated ophthalmic loupes, which will help minimize tension on the surgeon’s neck and optimize magnification. These involve the high-quality lenses use that are unrestricted from color and optical distortion, providing higher resolutions. Market leaders are engaged in extensive research and development of advanced technologies. Also, these players are contributing to manufacture advanced ophthalmic loupes with higher magnification to offer a better visual experience to the end users. They are also focuses to provide the customization service to develop ophthalmic loupe as per the user’s PD and posture position to avoid further complications on the neck.
SurgiTel, Keeler, ZEISS, SHEERVISION, Rudolf Riester GmbH, Orascoptic, Univet S.r.l., Ocutech Inc., NEITZ Instruments Co., Ltd., and Designs for Vision, Inc., among others, are some significant players included in the research study of the global ophthalmic loupes market.
Segmentation Overview of the Global Ophthalmic Loupes Market
The ophthalmic loupes market has been segmented into Loupe Type, Loupe Design, and End-use. These major market segments are further categorized into various sub-segments to study the market in detail.
By Loupe Type Outlook (Galilean Type, Prismatic Type (Keplerian), Plate Loupe Type)
By Loupe Design Outlook (Through-The-Lens (TTL), Flip up)
By End-use Outlook (Hospitals, Ambulatory surgical centers, Others)
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