The “Electroretinogram Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Electroretinogram Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global electroretinogram market size was US$ 531.8 million in 2021. The global electroretinogram market size is forecast to reach US$ 1089.9 million by 2030, growing at a compound annual growth rate (CAGR) of 8.3% during the forecast period from 2022 to 2030.
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Clinical ophthalmic diagnostic procedures called electroretinograms (ERGs) measure the retina’s electrical activity in response to a light stimulus. Currents generated by retinal neurons themselves and contributions from retinal glia make up the electroretinogram. In addition, these electroretinograms are also used by ophthalmologists to determine whether a patient needs retinal surgery or other eye treatments like cataract surgery. Additionally, it’s also utilized to spot those who have symptoms, including photophobia, nyctalopia, diminished visual acuity, and field defects.
Factors Influencing Market Growth
The continuous innovation and expansion in the number of ophthalmology clinics and research centers drive the global market.
Increasing prevalence of eye disorders, including diabetic retinopathy, glaucoma, retinitis pigmentosa, macular degeneration, cone-rod dystrophy, etc., contribute to the global market growth.
The growing preference for early disease diagnosis, high screen time, and the rising geriatric population fuel the global market growth.
The increased costs of these procedures and risks associated with the electroretinogram may slow down the overall market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a minimal impact on the global market. The NCBI study found that the COVID-19 pandemic could have an impact on retinal function. The severity of the COVID-19 disease infection is inversely correlated with the diameter of the retinal veins. Diseases associated with COVID-19 might cause noticeable adjustments at the retinal level, such as altering the retinal vasculature. Additionally, after receiving the COVID-19 immunization, there were very few occurrences of retinal side effects observed. Thus, electroretinograms helped to assess the retina’s condition and other relevant eye problems.
However, lockdowns and the possibility of infection during the pandemic had a negative influence on the monitoring and treatment of chronic eye conditions such as diabetic retinopathy and macular degeneration.
Regional Analysis
The Asia Pacific region garnered a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the increased adoption of advanced technologies, the existence of the geriatric population, and the growing prevalence of chronic disorders, such as diabetes. In addition, the rising awareness regarding eye disorders.
North America is forecast to have considerable growth during the forecast period. As a result of the increasing geriatric population, growing prevalence of eye disorders, rising approvals & R&D investments, and preference towards adopting newer products in countries like the U.S.
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Leading Competitors
The leading prominent profiled in the global electroretinogram market are:
LKC Technologies, Inc.
Diagnosys LLC
Electro-Diagnostic Imaging, Inc.
Diopsys, Inc.
Metrovision
Roland-consul
CSO Italia
Other Prominent Players
Scope of the Report
The global electroretinogram market segmentation focuses on Type, Product, Application, and Region.
Segmentation based on Type
Full-field Flash ERG (ffERG)
Pattern ERG (PERG)
Multifocal ERG (mfERG)
Segmentation based on Product
Handheld
Tabletop
Segmentation based on Application
Clinical Diagnostic
Research
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Meta Title: Electroretinogram Market Size, Share, Insight, and Forecast 2022 to 2030
Meta Description: Global Electroretinogram Market is projected to reach US$ 1089.9 million by the end of 2030 from US$ 531.8 million in 2021, at a CAGR of 8.3%
Meta Keywords: electroretinogram market Size, electroretinogram market share, electroretinogram market trend, electroretinogram market Forecast, electroretinogram market insight
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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