Electroretinogram Market Worth $1.15 Billion By 2030 | CAGR 8.68%

Electroretinogram Market Growth & Trends

The global electroretinogram market size is estimated to reach USD 1.15 billion by 2030, registering a CAGR of 8.68% over the forecast period, according to a new report by Grand View Research, Inc. The rising demand for early disease diagnosis, constant innovations & development of newer technologies, and the growing geriatric population, which is at risk of developing eye disorders like glaucoma and diabetic retinopathy, are expected to drive the market growth. The eyes being the most sensitive part of the body, ophthalmic procedures are conducted with high accuracy and precision levels. This is the main driving factor for the growth of the market. Moreover, increasing disposable income levels, rising awareness about early disease diagnosis, and increased government funds for ophthalmological R&D are supporting the market growth.

Electroretinogram is also used for evaluating the efficiency of eye safety procedures. The market exhibited marginally positive growth during and after the COVID-19 pandemic. According to the study published on PubMed Central by NCBI, COVID-19 can affect the retinal level, such as affecting retinal vasculature. Moreover, few cases related to retinal side effects were reported after the COVID-19 vaccination. Hence, to diagnose and monitor the health of the retina and other related eye disorders, electroretinograms were used, thereby supporting market growth. However, the high cost of electroretinography procedures and risks associated with the device is expected to hamper the market growth in the coming years.

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Electroretinogram Market Report Highlights

• The full-field flash ERG (ffERG) segment accounted for the largest revenue share in 2021 followed by the Multifocal ERG (mfERG)

• The tabletop devices segment held the largest market share in 2021 owing to the easy availability of a wide range of such devices and constant product developments catering to the market demands

• Clinical diagnostic is dominating the market owing to the increasing prevalence of chronic disorders, such as glaucoma & diabetic retinopathy, and the growing need for early disease diagnosis

• North America held the largest market share in 2021 and is expected to maintain its dominance over the forecast period

Electroretinogram Market Segmentation

Grand View Research has segmented the electroretinogram market on the basis of type, product, application, and region:

Electroretinogram Type Outlook (Revenue, USD Million, 2017 - 2030)

• Full-field Flash ERG (ffERG)

• Pattern ERG (PERG)

• Multifocal ERG (mfERG)

Electroretinogram Product Outlook (Revenue, USD Million, 2017 - 2030)

• Handheld

• Tabletop

Electroretinogram Application Outlook (Revenue, USD Million, 2017 - 2030)

• Clinical Diagnostic

• Research

Electroretinogram Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

  • Colombia

• Middle East & Africa

  • South Africa

  • saudi Arabia

  • UAE

List of Key Players of Electroretinogram Market

• LKC Technologies, Inc.

• Diagnosys LLC

• Electro-Diagnostic Imaging, Inc.

• Diopsys, Inc.

• Metrovision

• Roland-consul

• CSO Italia