Electroretinogram Market : Current Analysis and Forecast (2023-2030)
$3999 – $6999
Emphasis on Type (Full-field Flash ERG (ffERG), Pattern ERG (PERG), and Multifocal ERG (mfERG)); Product (Fixed and Portable); and Application (Clinical Diagnostic and Research); and Region/Country
Electroretinogram Market was valued at USD 600Mn in 2022 & is expected to grow at a CAGR of ~6.5% from 2023F-2030F. Moreover, the growing demand for early disease detection, rising research activities, and increasing healthcare expenditure around the globe are also helping the market grow at a strong growth rate. The ERG market is a growing sector within ophthalmic diagnostics, driven by the increasing prevalence of retinal diseases and the need for accurate and efficient diagnostic tools. For instance, the World Health Organization (WHO) estimates that approximately 253 million people worldwide live with visual impairment, with a significant portion attributed to retinal diseases. Technological advancements, such as improved electrode design and signal processing algorithms, have enhanced the accuracy and efficiency of ERG testing. With a focus on clinical diagnostics and research applications, the ERG market is expected to continue expanding as healthcare providers and researchers recognize its importance in delivering personalized patient care and advancing our understanding of retinal health.
Some of the major players operating in the market include LKC Technologies, Inc.; Diagnosys LLC; Electro-Diagnostic Imaging, Inc.; Diopsys, Inc.; Metrovision; Roland Consult Stasche & Finger GmbH; CSO Italia; Konan Medical USA, Inc.; NIDEK Co., Ltd.; Topcon Corporation.
Insights Presented in the Report
“Amongst product, fixed captured the majority share of the electroretinogram market in 2022”
By product, the market is bifurcated into fixed and portable. Among these, fixed captured the majority share of the electroretinogram market in 2022. The major share of the fixed electroretinogram can be attributed to the capabilities and features offered such as advanced features, higher resolution, and precise measurements due to their larger size and dedicated design. These devices are typically equipped with sophisticated amplifiers, filters, and data acquisition systems, allowing for more accurate and reliable recordings of retinal responses.
“North America dominated the Electroretinogram market in 2022”
North America dominated the electroretinogram market in 2022 due to relatively high prevalence of retinal diseases such as age-related macular degeneration (AMD), diabetic retinopathy, and retinitis pigmentosa. This increased disease burden created a demand for accurate and efficient diagnostic tools like ERG, driving the market growth. of electroretinograms in North America over the forecasted period.
Electroretinogram Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
The global Electroretinogram market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
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|2.1.||Research Process of the Electroretinogram Market|
|2.2.||Research Methodology of the Electroretinogram Market|
|5||IMPACT OF COVID-19 ON THE ELECTRORETINOGRAM MARKET|
|6||ELECTRORETINOGRAM MARKET REVENUE (USD Mn), 2020-2030F|
|7.1.||Full-field Flash ERG (ffERG)|
|7.2.||Pattern ERG (PERG)|
|7.3.||Multifocal ERG (mfERG)|
|10.1.3.||Rest of North America|
|10.2.6.||Rest of Europe|
|10.3.4.||Rest of APAC|
|10.4.||Rest of the World|
|12||ELECTRORETINOGRAM MARKET OPPORTUNITIES|
|13||ELECTRORETINOGRAM MARKET TRENDS|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|16.1.1.||Porters Fiver Forces Analysis|
|17.1.||LKC Technologies, Inc.|
|17.3.||Electro-Diagnostic Imaging, Inc.|
|17.6.||Roland Consult Stasche & Finger GmbH|
|17.8.||Konan Medical USA, Inc.|
|17.9.||NIDEK Co., Ltd.|
Research Methodology for the Electroretinogram Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Electroretinogram market were the three major steps undertaken to create and analyze the adoption of Electroretinogram in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Electroretinogram market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Electroretinogram market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Electroretinogram market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, product, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Electroretinogram market. Further, we conducted factor analysis using dependent and independent variables such as type, product, and application of the Electroretinogram market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Electroretinogram market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Electroretinogram market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Electroretinogram market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Electroretinogram market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Electroretinogram market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type, product, and application in the global Electroretinogram market.
The main objective of the Global Electroretinogram Market Study
The current & future market trends of the global Electroretinogram market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Electroretinogram market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the type, product, and application
- Define and analysis of the regulatory framework for the Electroretinogram industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Electroretinogram market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the Electroretinogram market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry