Global Medical Binocular Loupe Market Overview:
Medical Binocular loupe is a small magnification device that is used to see smaller detail while during treatment. There are two types of medical binocular loupe available in the market that are TTL loupes and flip-up loupes. Availability of number of loupes to cope up with varying consumer needs and it provides highly improved perception about the viewable object are the major key drivers for the market. Additionally, the rising trend of 3D Vision Enabled Binocular Loops has been supplementing the overall growth of the market. However, high initial investments, as well as maximum post-purchase maintenance and lack of skilled workforce in operating and designing medical binocular loops, are the factors that are limiting the market. Some of the key players profiled in the study are Carl Zeiss Meditec (Germany), Orascoptic (United States), Halma plc (United Kingdom), HEINE USA LTD. (United States), Designs for Vision, Inc. (United States), General Scientific Corporation (United States), SheerVision (United States), Seiler Instrument Inc (United States), KIRCHNER & WILHELM GmbH Co. KG (Germany) and Rose Micro Solutions (United States). According to Market Analyst at AMA, the Global Medical Binocular Loupe market may see a growth rate of 12.21% and would reach the market size of USD358.37 Million by 2024.
On the basis of geography, the market of Medical Binocular Loupe has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product Type, the sub-segment i.e. TTL Loupes will boost the Medical Binocular Loupe market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. E-Platform will boost the Medical Binocular Loupe market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Frame Option, the sub-segment i.e. With Frame will boost the Medical Binocular Loupe market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Foam Roller Type, the sub-segment i.e. Hollow Foam Roller will boost the Medical Binocular Loupe market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Availability of Number of Loupes to Cope up with Varying Consumer Needs
- Provides Highly Improved Perception about the Viewable Object
- Upsurging Adoption 3D Vision Enabled Binocular Loops
- Increasing Adoption Achromatic Technology Enabling Crisp, high-resolution image
- Higher Initial Investments as well as Maximum Post Purchase Maintenance
- Stringent Government Regulations in Standardizing Medical Binocular Loupe
- Upsurging Demand due to increasing Applications of Binocular Loupe in Medical Diagnosis
- Negligible Tolerance Level will Upsurge the Applications of Medical Binocular Loupe
- Lack of Skilled Workforce in Operating and Designing Medical Binocular Loops
- Volatile Raw Material Prices and Increasing Concerns of Medical Waste
Major Market Developments:
On October 2018, Carl Zeiss Meditec has announced agreement for acquiring anTECH. The main aim of this agreement is to gain new equipment for cataract surgery. The company’s CEO said, “The technology has the potential to simplify challenging cases, reduce risk to patients and further improve outcomes while being easy to train and adapt for surgeons.” Thus, the acquisition can create a new opportunity in the coming years.
Medical Binocular Loupe Manufacturers, Raw Material Suppliers, Suppliers and Distributors, Government Agencies, Private Research Organization and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Medical Binocular Loupe market on the basis of product  , application [Hospitals, Dental Clinics, Ambulatory Surgical Centers and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Medical Binocular Loupe market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Medical Binocular Loupe industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are ADMETEC (Israel) and Xenosys (Korea).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Medical Binocular Loupe market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.