Ophthalmic Loupes Market Size, Share & Trends Analysis Report By Loupe Type (Galilean Type, Prismatic Type), By Loupe Design, By End-use (Hospitals, Ambulatory Surgery Centers), By Region, And Segment Forecasts, 2020 - 2027

Report Overview

The global ophthalmic loupes market size was valued at USD 399.6 million in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 6.7% from 2020 to 2027. Ophthalmic loupes help in enhancing and magnifying the field of precision and accuracy during surgery. They are affordable alternatives for operating microscopes during surgeries, thereby, expected to drive their adoption in small to mid-sized healthcare settings and ambulatory care settings. These loupes can be adjusted considering the interpupillary distance, angle of declination, and working distance, thereby, helping in maintaining the posture of ophthalmologists.

A growing number of eye diseases such as glaucoma, cataract, and refractive disorders is increasing the need for ophthalmic surgery and hence is expected to propel the adoption of ophthalmic loupes, especially in developing countries. As per the World Health Organization (WHO), in October 2020, 1 billion people had vision impairment worldwide. This was due to unaddressed cataracts (65.2 million), glaucoma (6.9 million), and refractive errors (123.7 million).

Companies are focusing on the development of advanced ophthalmic loupes, which will help in decreasing stress on the surgeon’s neck and optimize magnification. These include the use of high-quality optics that offer higher resolution and are free from color and optical distortion. Different lens coating is also given in these lenses to avoid reflection and increase light transmission. Moreover, manufacturers provide customized ophthalmic loupes by integrating prescription eye-wear into ophthalmic loupes.

Tedious designs, limited functions, and high cost are some of the restraining factors of the market. Frames are designed to provide higher stability and adjustability to ophthalmologists. However, some of the frames may lack this property because of the high weight, making the loupes uncomfortable for extended wear. Frames with better stability, balance, and comfort are expensive, thus, expected to hinder the adoption of ophthalmic loupes. Additionally, lack of comfort may lead to cervical spinal and neck disorders. Therefore, the user of the ophthalmic loupes should consider certain factors such as adjustability and stability while making the purchase to avoid associated problems.

Loupe Type Insights

Galilean type segment held the largest share of 38.3% in 2019. Galilean type loupes feature different lenses like concave eyepiece lenses and convex objective lens. Both of these lenses help in delivering a clear image in comparison to a single lens. Additionally, usage of this type helps in providing ample width and depth of field. Galilean type loupes come with different magnification range. 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 is expected to grow at the fastest growth rate of 9.6%, during the forecast period. Prismatic type ophthalmic loupes are heavier and longer and incorporate prism to reorient inverted images. They provide better clarity and higher magnification. Additionally, this type feature two or more convex lenses and comes in different magnification ranges, ranging from 3.5x to 6.0x. Some of the prismatic types provide up to 8.0x loupe magnification. The advantage of prismatic type to providing twice magnification in comparison to Galilean type is expected to drive the adoption of prismatic type during the forecast period.

Loupe Design Insights

The TTL segment dominated the market and held the largest revenue share of 59.1% in 2019. TTL loupes are also called ‘front-mounted loupes’ or FLM. In this type, the lens is mounted on the frame and is custom-made based on the Pupillary Distance (PD). Also, the angle of declination of these loupes is fixed at the steepest angle considering the ergonomic posture needed. These loupes are widely used and adopted in various settings. These loupes can be customized based on user requirements, are lightweight, have a wide field of view, and can incorporate prescription lenses. Despite these advantages, certain disadvantages associated with TTL such as high cost and its ability to be customized only for one user are expected to impact its growth during the forecast period.

Flip-up loupes are expected to grow at the fastest rate of 9.6% during the forecast period. These loupes come along with a hinge mechanism which helps in offering adjustable pupillary distance and angle of declination. Various advantages associated with flip-up such as lower price, a greater angle of declination, and can be moved out of sight once its work is done, are expected to drive the segment growth during the forecast period. Moreover, this loupe design can cater to multiple users as it comes with the property of adjusting PD.

End-use Insights

Hospitals held the largest revenue share of 41.2% in 2019 mainly due to the increasing number of ophthalmic surgeries for correcting cataracts, glaucoma, and refractive disorders. The rising incidence of eye-related conditions and the introduction of advanced minimally invasive surgeries are the factors driving the segment growth. Usage of ophthalmic loupes in hospitals helps the ophthalmologists by providing enhanced and magnified vision for an effective treatment process. Since ophthalmic surgeries are mainly conducted in hospitals and clinics, ophthalmologists require more accurate and magnified ophthalmic loupes with enhanced adjustability. The higher cost of these loupes along with hospital treatment costs may hinder the segment growth during the forecast period.

Ambulatory surgery centers (ASCs) segment is expected to grow at the fastest rate of 7.2% during the forecast period. ASCs act as a modern healthcare facility, which provide same-day surgical care at a lower cost with quality outcomes. The number of ophthalmic surgeries performed in ASCs is increasing steeply, thereby, is expected to drive the need for ophthalmic loupes in the setting. Ophthalmic loupes help in providing accurate diagnosis of the diseases and a better field of view while operating, hence, these loupes are expected to show high demand in ASCs.

Regional Insights

North America dominated the ophthalmic loupes market and held the largest revenue share of 26.3% in 2019 owing to the presence of a large number of market players in the region. Most of the players such as Ocutech Inc., SHEERVISION, and SurgiTel are headquartered in the U.S. and are developing advanced ophthalmic loupes. Additionally, these players provide service programs to increase awareness regarding the importance of the loupes, their maintenance, and their improvement services. For instance, in October 2020, SurgiTel offered 9 partner service programs like Free Evaluation Service, Refurbishment Service, Declination Angle Adjustment Service, Custom Nose Pad Service, Free Lecture Service, Monthly Educational Publication Service, Hands-on Workshop Assistance Service, and Mission Trip/Charitable Program Equipment Loans. These programs were to help clinicians make known about the ophthalmic loupes and the advantages associated with them.

Europe is also expected to follow North America in terms of market share. Many players are present in the region such as Keeler, ZEISS, Rudolf Riester GmbH, and Univet S.r.l. These players develop advanced frames and different magnification type loupes such as prismatic type and Galilean type to provide comfort and better vision to users. Additionally, the growing prevalence of eye diseases is also expected to contribute to the market growth in Europe. As per the WHO, in 2020, glaucoma-related blindness is expected to rise up to 13.9%.

Asia Pacific is expected to grow at the fastest rate of 7.6% during the forecast period. Players such as NEITZ INSTRUMENTS offer technologically advanced loupes. In addition, the company allows the users to choose their own loupe type that is Galilean, prismatic, and plate, mounting option or frame, and the LED illuminator. This helps the users in developing ophthalmic loupes as per their demand which suits their comfort and helps in maintaining their posture.

Key Companies & Market Share Insights

The market players hold a significant share of the market due to their broad product portfolio. Market leaders are involved in extensive research for the development of advanced technologies. Also, these players are offering advanced ophthalmic loupes with higher magnification to provide a better visual experience. In addition, they are also providing the service of customization in order to develop ophthalmic loupe as per the user's PD and posture position to avoid further complications on the neck. Some of the prominent players in the ophthalmic loupes market include:

• SurgiTel

• SHEERVISION

• Keeler

• ZEISS 

• Rudolf Riester GmbH

• NEITZ INSTRUMENTS CO., LTD. 

• Orascoptic

• Univet S.r.l.

• Ocutech Inc.

• Designs for Vision, Inc.

Ophthalmic Loupes Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global ophthalmic loupes market report on the basis of loupe type, loupe design, end-use, and region:

• Loupe Type Outlook (Revenue, USD Million, 2016 - 2027)

  • Galilean type

  • Prismatic type (Keplerian)

  • Plate loupe type

• Loupe Design Outlook (Revenue, USD Million, 2016 - 2027)

  • Through-The-Lens (TTL)

  • Flip up

• End-use Outlook (Revenue, USD Million, 2016 - 2027)

  • Hospitals

  • Ambulatory surgical centers

  • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2027)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

    • Thailand

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE