Electroretinography Market Driven By Top companies LKC Technologies, Diagnosys, Diopsys, Costruzione Strumenti Oftalmici

Europe is the second largest growing geographic market and it is expected to be the second largest revenue contributor throughout the forecast period. Europe is recognized as a developed market for the medical devices. The growth is driven by the factors such as rising prevalence of eye disorders in the region, along with the availability of advanced technologies for the diagnosis and the treatment of these eye disorders.

The global electroretinography market by product was led by fixed electroretinography segment. In 2018, the fixed electroretinography held a largest market share of 55.35% of the electroretinography market, by product. However, the portable electroretinography segment is expected to be the fastest growing segments the market in 2027 owing to ease in analysis of the results obtained as well as, limited discomfort caused to the patients during the test as compared to the fixed electroretinography.

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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.

The prevalence of diabetes retinopathy, cataract, conjunctivitis, retinal disorders and age-relate macular degeneration are said to increase with the rising ageing population. In addition, findings also reveals that children are also more prone to develop eye disorders such as glaucoma, conjunctivitis and night blindness among others. Vision loss due to eye diseases is a major health problem, which immensely affects the quality of life. In 2015, across the globe approximately 34.3 million people were registered as blind, an additional around 24.3 million had severe vision impairment, 214 million had moderate vision impairment, and 663 million had near vision impairment. Vision loss is the third largest cause of impairment after anaemia and hearing loss. Cataract is the other most commonly observed eye disorder that is found in the developing nations were the access to the qualified professionals are less. Therefore, the cataract is responsible for more than 50% of the cases of blindness in some of the areas which is likely to increase the demand for the ophthalmologists to grow. Thus, owing to the above mentioned factors the market for the electroretinography is likely to grow in the coming future.

The report segments the global electroretinography market as follows:

Global Electroretinography Market – By Product

• Fixed Electroretinography
• Portable Electroretinography

Global Electroretinography Market – By Application

• Clinical
• Research

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