UAE Medical loupes Market to Grow With Impressive CAGR until 2027
UAE Medical
loupes Market is anticipated to grow with increasing investments in the therapeutical
devices’ advancements, in the forecast period, 2023-2027F.
According to TechSci report on, “UAE
Medical
Loupes Market - By
Region, Competition Forecast & Opportunities, 2027” UAE
medical loupes market might register an impressive CAGR during the forecast
period, 2023-2027, to establish growth due to factors like instances of chronic
diseases. With growth in expertise of surgeons and number of the surgeons
active for the performance of complex and complicated surgeries, are
anticipated to drive the growth of the UAE medical loupes market in the
upcoming five years. Surge in the demand for minimally
invasive methods & equipment for complicated surgeries and advantages of
medical loupes in providing multiple magnification, improved imaging also
supports the growth of the UAE medical loupes market in the next five years. Consistent
research and product development to incorporate innovative ideas and advance
the medical device is also responsible for the market growth. Technological
advancement like augmented reality (AR), machine learning (ML), artificial
intelligence (AI) has created inclination toward the adoption of medical loupes
and thus aids the growth of the UAE medical loupes market in the future five
years. Growing investment from the government toward local manufacturing of the
innovative products and inviting global market players to expand their business
in the country would also substantiate the growth of the UAE medical loupes
market in forecast years through 2027.
Current
demands for medical loupes are largely fulfilled by imports from the neighbor
countries and global players entering the market similar to other medical
devices supply in the country. The 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
UAE medical loupes market is segmented by type, lens type, distribution
channel, application, end user, source, competitional landscape, and regional
distribution. 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 account of growing
instances of complex surgeries. Increasing instances of cancer and their
detection is the initial stages further facilitate the growth of the UAE
medical loupes market in the next five years. Moreover, flip-up loupes have
various advantages like improved vision even in low lighting conditions and
their applications in dental procedures also increase the demands for flip-up
medical loupes.
By
lens type, the market is differentiated between Galilean and prismatic. Based
on distribution channel, the market is distinguished between offline and
online. Offline segment is anticipated to hold the largest revenue shares of
the market and dominate the market segment in the upcoming five years due to
promotions of local product manufactured by the local market players.
Availability of the medical loupes directly from the manufacturers and through
government monitored channels, reduces cost as well as ensures the quality of
the product. Moreover, increasing
feasibility to import products from the international market players and market
penetration by the global giants further facilitates the segmental growth along
with the growth of the UAE medical loupes market in the next five years.
By
application, the market is fragmented into surgical, dental, and others. Based
on end user, the market is bifurcated into hospitals, dental clinics,
ambulatory surgery centers, and others. By source, the market is divided
between domestic and import.
A
partial list of major market players of the UAE medical loupes market includes :
·
Univet UAE
·
Keeler UAE
·
Dent-ALL Corp (ErgonoptiX)
·
Heine Optotechnik UAE
·
Neitz Instruments Co., Ltd UAE
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“UAE healthcare sector is majorly expanding over higher investments and
rising disposable income of the population spending lavishly over healthcare
services and products is also indirectly aiding the market growth. With
increasing instances of infectious and chronic diseases and surgical approach
required to treat the causes of diseases have aided the demands for medical
loupes. New market players may benefit from the government funded schemes and
tax incentives. Also, collaborations with the global market players would
support the future brand establishment,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“UAE
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), End User (Hospitals, Dental Clinics, Ambulatory Surgery Centers,
Others), By Source (Domestic v/s Import), By Region, Competition Forecast &
Opportunities, 2027” has
evaluated the future growth potential of UAE 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 UAE medical loupes market.
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