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

The medical loupes market in Europe is expected to grow from US$ 112.2 million in 2019 to US$ 193.1 million by 2027; it is estimated to grow at a CAGR of 7.2% from 2019 to 2027. Surgical care is important for managing diversified health conditions such as injuries, infections, obstructed labor, malignancy, and cardiovascular diseases. Similarly, ophthalmic and ears-nose-throat (ENT) surgeries are widely performed worldwide. These surgical procedures require greater magnification as the surgeon needs to visualize nerves, vascular pedicles, and the veins' anastomoses. The technically advanced medical loupes with LED lights help in providing bright lights and help surgeons to visualize surgical site in bright lights with higher resolution. Therefore, this advantage is increasing the demand for medical loupes.

The growing number of surgical procedures worldwide is likely to generate significant demand for medical loupes. According to the Lancet Commission for Global Surgery report - Global Surgery 2030: evidence and solutions for achieving health, welfare, and economic development - published in 2015, ~5,000 surgeries were performed to reduce the surgical burden of diseases of nearly 100,000 people in low and middle-income countries. The uncertainty of human health due to changing lifestyles and habits is likely to increase the incidence of chronic diseases, further leading to surgical procedures. Therefore, it is expected that the advantages of medical loupes, coupled with increase in number of surgical procedures, are likely to drive the market during the forecast period.

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 Europe 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 across Europe are witnessing a resurgence in COVID-19 cases after successfully mitigating outbreaks earlier this year. Many countries are reporting more cases each day now than during the first wave earlier this year. Lockdowns are being reintroduced in the UK, Spain, Italy, and Ireland, as per the European Centre for Disease Prevention and Control (ECDC). The transmission of coronavirus (COVID-19) has raised a major threat for dental and medical profession. COVID-19 rapidly gathered traction as Europe failed to control the outbreak. The amount of delay and type of recovery varies in various countries. In addition, a staggering deal of dental activities throughout Europe has been cancelled as a result of the SARS virus. This indicates that EXPODENTAL Madrid has been delayed, as well as EXPO EDINFRA in Italy. Therefore, the growth of COVID-19 rates in Italy is not to be overlooked.

The overall Europe 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 Europe 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 Europe medical loupes market. Carl Zeiss Meditec AG; SurgiTel; Sheervision Loupes & Headlights; Keeler Ltd (Halma plc); Neitz Instruments Co., Ltd; Orascoptic; Univet S.r.l.; and Den-Mat Holdings, LLC are among the key players operating in the Europe medical loupes market.

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