Total sales in the global medical loupes market in 2022 are projected to be US$ 324.9 million. The need for surgical and dental procedures is expected to increase, leading to a 5.6% CAGR in sales of digital surgical loupes that will reach US$ 475.4 Mn in 2029.
According to Future Market Insights (FMI’s) Yearly Medical Loupes Tracker, the global market for medical loupes would decline in 2020’s first and second quarters before rebounding in 2021.
The sector suffered a minor setback as supply chain interruptions hampered the revenue pool in the early months of 2020 and anticipated product shipments delayed the market in the middle of the year.
Medical Loupes Market Size Study
Sales of medical loupes will grow at a 5.6% CAGR between 2022 and 2029. About 60% of sales are still made up mostly of flip-up loupes. Galilean lenses will be utilized in almost six out of every ten pairs of medical loupes sold due to their high level of magnification, lightweight, and ease of use. Surgical procedures will continue to make extensive use of medical loupes through 2029. Markey players will be obsessed with offline channels for the sale of medical loupes for the following 10 years. East and South Asian markets will grow quickly, while North American markets will contribute significantly to sales.
The market for medical devices is always in need of high-tech products. Modern, safe medical technology lets patients receive care at lower costs.
Regarding magnification power, product weight, and high-powered optics, medical loupes are developing more and more.
COVID-19 Impact on Medical Loupes Market
The COVID-19 pandemic has hurt the market for medical loupes since it has caused delays in certain aesthetic procedures, such as elective dental work, breast implantation, and liposuction surgery.
To create a place for people undergoing COVID-19 therapy, hospitals have postponed or canceled several elective surgeries, particularly those that were judged non-urgent or non-essential.