India Medical Loupes Market is expected to show robust growth due to technological advancements in the forecast period, FY2017-FY2027.
According to TechSci Research report on, “India Medical Loupes Market, By Region, Competition Forecast & Opportunities, FY2017 – FY2027”, India medical loupes market has shown promising growth in historical years until FY2021 and is expected to continue its growth in upcoming forecast years FY2023 to FY2027. India medical loupes market owes its growth to the factors like increasing number of complicated surgeries.
Increasing demand for minimally invasive surgeries and advantages of medical loupes in providing multiple magnification, improved imaging is also driving the growth of the India medical loupes market in the upcoming five years. Consistent research and product development to incorporate innovative ideas and advance the medical device is also responsible for the growth of the India medical loupes market in the next five years.
Utilization of advanced technologies like augmented reality (AR), machine learning (ML), artificial intelligence (AI) plays crucial role in clinical IT applications, that further substantiate the growth of the market. Higher investment from the government toward enhancing research and innovative product development, favorable government schemes, increasing imports of the medical equipment for excellent patient care, along with increasing tax incentive benefits for the private investors investing in the healthcare sector are also some of the reasons that aid the growth of the India medical loupes market in the forecast years through FY2027.
Although manufacturing difficulties and solving issues like angular setup of medical loupes over the eyepiece had been challenging. The market players are focusing on customizing the medical loupes to serve different applications, that would support market growth with latest product launches.
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The India medical loupes market segmentation is based on type, lens type, distribution channel, application, end user, source, regional distribution, top 3 state analysis, and competitional landscape. Based on type, the market is further segmented into flip-up loupes, through-the-lens (TTL) loupes, clip-on loupes, and headband mounted.
Flip up loupes are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the account of higher use of the medical device in emergency surgical procedures. The devices are preferable even if the lighting conditions are not excellent by providing improved vision to the surgeon. They illuminate the items in dark locations. Flip up loupes have higher application in dental procedures like treating dental cavities. Enlarged imaging, and nasal viewing option along with affordable prices of the product make it more preferrable.
On the basis of distribution channel, the market is differentiated between offline and online. Offline distribution is anticipated to hold the largest revenue shares of the market and dominate the market in the upcoming five years on the grounds of availability of the product directly from the manufacturers.
Collaborations of the distributors/ suppliers with the manufacturers and supply of multiple brands for the comparative preference by the end users further aids the growth of the segment. Online distribution is also expected to grow significantly in the next five years due to increasing feasibility to import products from the international market players. Market penetration by the global giants further facilitates the growth of the India medical loupes market in the forecast years through FY2027.
A partial list of market players in the field includes:
· Carl Zeiss India Pvt Ltd
· Heine Optotechnik India
· Keeler India
· Neitz Instruments India
· Univet India
· ErgonoptiX India
· Zumax India
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“Increasing number of market players is a major reason for the market growth. Manufacturers have collaborated with the research and product designing institutes to find out the solutions to the challenges faced by users. Technological advancement to customize the medical loupes, enhance the capabilities like amalgamation of internet-based services with the camera attached with the loupes to provide live feeds and record the procedure are anticipated to be great advantage for the new product launches. New market players may focus on such advancement and invest in further research to establish their brand in the market. Healthcare industry in the country drives economy of the country. Number of surgical treatments and higher success rates that are feasible with medical loupes would aid its market growth in the next five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Medical Loupes Market By Type (Flip-Up Loupes, Through-The-Lens (TTL) Loupes, Clip-On Loupes, Headband Mounted), By Lens Type (Galilean v/s Prismatic), By Distribution Channel (Offline v/s Online), By Application (Surgical, Dental, Others), By End User (Hospitals, Dental Clinics, Ambulatory Surgery Centers, Others), By Source (Domestic v/s Import), By Region (By Top 3 States), Competition Forecast & Opportunities, FY2027” has evaluated the future growth potential of India medical loupes market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India medical loupes market.
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