The global electroretinography market accounted to US$ 35.79 Mn in 2018 and is expected to grow at a CAGR of 6.7% during the forecast period 2019 – 2027, to account to US$ 62.72 Mn by 2027.
The rise in the prevalence of the vision impairment and other eye diseases are leading to the increasing number of patients for diagnosis and treatments. The rise in the diagnosis and treatments are rowing due to the rising awareness and change in the healthcare facilities and services. The technological advancements are driving more research and developments across the medical device industries. Owing to the advancement in the medical device industry, the healthcare industry has witnessed significant growth due to transformations during the last few years. Various technological advancements have been witnessed in the industry such as, scalp cooling technology, wearable contacts and use of 3D visualization for surgeries. Countries across the globe have been preferring advanced technologies in healthcare. With a need for better healthcare facilities, Technology-Enabled Care (TEC) solutions are being preferred to in the healthcare systems in the emerging economies. The increase in ageing population, incidences of chronic illnesses and pediatric care are the primary factors driving the growth of healthcare sector.
Fixed electroretinography segment is expected to grow the market for electroretinography over the forecast period for product segment.
The major players operating in the electroretinography market include, LKC Technologies, Inc, Diagnosys LLC, Electro-Diagnostic Imaging, Inc., Diopsys, Inc., Roland Consult Stasche & Finger GmbH, Metrovision, Costruzione Strumenti Oftalmici, Konan Medical USA, Inc., and Welch Allyn among others. Product launches have been an essential strategy adopted by the industry players in the electroretinography market. For instance, during November, 2018, Diopsys introduced ARGOS at AAO, a Tabletop Version of Its Electroretinography (ERG) and Visual Evoked Potential (VEP) Testing Technology. These developments have helped the company in strengthening its existing product offering in the market, hence assuring a strong presence in the market.
Global electroretinography market, based on product was segmented as, fixed and portable electroretinography. In 2018, the fixed electroretinography held the largest share of the market, by product. However, the portable electroretinography segment is expected to grow at a significant rate during the forecast period. Portable device is expected to witness increased growth during the coming years, since it causes limited discomfort to the patient along with better results.
The report segments the global electroretinography market as follows:
Global Electroretinography Market – By Product
- Fixed Electroretinography
- Portable Electroretinography
Global Electroretinography Market – By Application
Global Electroretinography Market – By Geography
- North America
- Asia Pacific (APAC)
- South Korea
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- South & Central America (SCAM)
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