Clinical segment is expected to drive the growth of the global electroretinography market by application
According to a new market research study titled 'Electroretinography Market to 2027 - Global Analysis and Forecasts by Product and Application. The global electroretinography market is expected to reach US$ 62.72 Mn in 2027 from US$ 35.79 Mn in 2018. The market is estimated to grow with a CAGR of 6.7% from 2019-2027. The report highlights the trends prevalent in the global electroretinography market and the factors driving the market along with those that act as deterrents to its growth.
Electroretinography (ERG) is a diagnostic test used to measure the electrical response of the light sensitive cells such as the cones and the rods present in the eyes. ERG is used for detecting eye disorders such as, retinitis pigmentosa, macular degeneration, retinoblastoma, glaucoma as well as diabetic retinopathy. Compared to the other methods of eye examination, ERG offers better results as well as causes less discomfort to the patients, hence is preferred widely for the diagnosis as well as treatment of various eye disorders.
Global electroretinography market, based on application was segmented as, clinical and research. In 2018, clinical segment held the largest share of the market, by application. Moreover, the segment is expected to grow at the fastest rate during the coming years owing to the prevalence of eye disorders as well as the rising geriatric population.
The major players operating in the electroretinography market are, 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. Inorganic activities such as, partnership is a prominent parameter undertaken by industry players. For instance, in April, 2018, LKC Technologies, entered into a partnership with US Retina to provide valuable and immediate access to new technologies to advance quality patient care. The developments performed by the companies are helping the market to grow in the coming years.
Global Electroretinography Market, By Regions, 2018 (%)
Source: The Insight Partners Analysis
The report segments the global electroretinography market as follows:
Global Electroretinography Market - By Product
Global Electroretinography Market - By Application
Global Electroretinography Market - By Geography
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