Asia Pacific Medical Loupes Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type; Lens Type; Application; Distribution Channel

The medical loupes market in Asia Pacific is expected to grow from US$ 105.2 million in 2019 to US$ 185.0 million by 2027; it is estimated to grow at a CAGR of 7.5% from 2019 to 2027. The evolving medical technologies have offered various growth opportunities for medical device players operating in the market. Growing number of laser procedures and changing requirements for therapies demand additional features in the existing devices. The number of cosmetic procedures through laser therapy is significantly increasing across the world. Laser procedures are widely preferred for hair removal, tattoo removal, skin tightening, skin rejuvenating, and many more due to their minimally invasive nature. The constant use of laser is harmful to the surgeons and professionals performing laser therapies. To protect them from radiations emitted from laser devices, protecting covers are essential. Thus, the use of laser technologies is likely to enhance the demand for laser-protected medical loupes.

Various companies have introduced laser-protected medical loupes for surgeons and professionals performing laser procedures. For instance, Carl Zeiss Meditec AG offers a range of ZEISS EyeMag Smart, EyeMag Pro F, and EyeMag Pro S laser-protected medical loupes in the market. Laservision offers a wide range of F series laser safety medical loupes. Moreover, companies such as ViewMax Solutions LLC (LightScalpel) and Orascoptic, offer laser-protected medical loupes. Thus, these add-on features are likely to provide growth opportunities for market players and eventually lead to the growth of the market.

Based on type, the market is segmented into through the lens (TTL) loupes and flip up loupes. In 2019, the through the lens (TTL) loupes segment accounted for larger share of the Asia Pacific medical loupes market, whereas the flip up loupes segment is expected to grow at faster CAGR during the forecast period. The growing developments in medical technology that are enabling various product launches in the market, are expected to boost the market growth. For instance, in April 2018, Schultz Optical launched its prismatic loupes innovation – The Feather Series Prismatic TTL Medical Loupes. The Feather Series Prismatic TTL medical loupes are designed with higher magnification power but with lesser weight than the standard dental and surgical loupes. Such innovations are expected to influence the growth of market during the forecast period.

Countries in Asia Pacific are expecting to witness a huge challenge due to the increasing number of COVID-19 cases. Due to the pandemic, the healthcare industry has been severely affected. Due to the increasing coronavirus cases, the cost for many treatments has been decreased. Countries in Asia Pacific are expecting to witness huge challenge due to the spread of COVID-19. China further recommended that all healthcare staff should use disposable equipment that offers a form of protection from bodily infection. In January 2020, regular oral care programs were halted for three months. Personal safety initiatives were urged after the peak epidemic of the SARS because they would help to deter transmission and combat the spread of the disease. The epidemic has adversely affected major dental firms. According to the Straumann Group CEO, the Ebola outbreak will affect their revenues in the Asia Pacific region in the first quarter of 2020 by at least CHF 30 million (EUR 28.36 million). The Asia-Pacific region currently accounts for 19% of Straumann's overall revenue, and China is the largest national market for Straumann.

The overall Asia Pacific medical loupes market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Asia Pacific medical loupes market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants ,such as valuation experts, research analysts, and key opinion leaders specializing in the Asia Pacific medical loupes market. Carl Zeiss Meditec AG; SurgiTel; Sheervision Loupes & Headlights; Keeler Ltd (Halma plc); Neitz Instruments Co., Ltd; Univet S.r.l.; and Den-Mat Holdings, LLC are among a few players operating in the Asia Pacific medical loupes market.

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