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Electroretinogram Market Analysis & Forecast to 2024-2034: Market By Type; By Product; By Application; and By Region

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    Report

  • 200 Pages
  • March 2024
  • Region: Global
  • Erevna Healthcare
  • ID: 5941944
The global electroretinogram market size was estimated to be USD 0.652 billion in 2023 and is expected to reach at USD 1.63 billion by 2034 with a CAGR of 8.69% during the forecast period 2024-2034. Continuous advancements, an increase in the establishment of ophthalmology clinics & research centers, a growing incidence of eye conditions like diabetic retinopathy, glaucoma, retinitis pigmentosa, macular degeneration, cone-rod dystrophy, & other associated retinal disorders, a rising inclination towards early disease detection, elevated screen time, increasing elderly population, and surge in introduction of state-of-the-art electroretinogram platforms are among the key factors propelling market growth.

Surge in introduction of state-of-the-art electroretinogram platforms is predicted to boost the market growth during the forecast period. The Electroretinogram (ERG) is a diagnostic test employed in clinical ophthalmology to assess the retina's electrical activity in response to light stimulation. The electroretinogram originates from currents produced by retinal neurons, complemented by contributions from retinal glia. Ophthalmologists utilize these electroretinograms to assess the necessity for retinal surgery or other eye procedures like cataract surgery. It serves as a diagnostic tool for patients experiencing symptoms such as sensitivity to light, night blindness, diminished visual acuity, and field defects. For instance, in August 2023, During the 41st European Society of Cataract and Refractive Surgeons (ESCRS) congress held from September 8-12, 2023, Johnson & Johnson Vision introduced the ELITA Platform. This advanced laser vision correction solution has received 510(k) approval in the United States specifically for FLAP procedures.

By type, full-field flash ERG (ffERG) was the highest revenue-grossing segment in the global electroretinogram market in 2023 owing to the increasing favor of the utilization of full-field flash Electroretinogram (ffERG) by healthcare professionals. This method, known for its accuracy and widespread use, offers a comprehensive evaluation of overall retinal function. It can differentiate between different cell types, assess both right and left eyes, and reveal functional variations indicative of systemic conditions or advanced degeneration. For instance, in July, 2022, LKC Technologies, a global leader in electroretinography devices, has revealed the hiring of two experienced professionals as part of its strategy to enhance its presence in the optometric sector in the United States. With over 2,000 LKC handheld RETeval devices currently in operation worldwide, the company is gearing up to introduce these devices to optometric practitioners. This initiative aims to assist in the diagnosis and management of conditions that can lead to vision impairment. Additionally, multifocal ERG (mfERG) is predicted to grow at the fastest CAGR during the forecast period owing to the benefits of multifocal Electroretinogram (mfERG) are on the rise. This technique enables clinicians to assess the retinal response from numerous segments across the retina. The multifocal ERG holds significance in clinical applications, as it is effective in identifying abnormalities in specific regions. It serves as a valuable tool for separately evaluating central and peripheral retinal functions.

By product, tabletop was the highest revenue-grossing segment in the global electroretinogram market in 2023 owing to a significant emphasis by companies on the creation of tabletop devices in response to growing market demand. Tabletop electroretinograms, a conventional type of non-invasive device, are designed to gauge the retina's electrical activity in reaction to light stimuli. Research indicates that eye diagnoses performed with tabletop electroretinogram devices are more precise and accurate compared to other devices. Additionally, handheld electroretinogram devices is predicted to grow at the fastest CAGR during the forecast period owing to numerous companies are actively engaged in the research and development as well as the manufacturing of handheld and portable ERG machines. These portable devices are characterized by their lightweight nature and ease of portability. For instance, in January 2022, LKC Technologies is excited to introduce an upgraded PhNR protocol for their RETeval Device, the sole fully portable full-field ERG non-mydriatic testing device that has received FDA clearance.

By application, clinical diagnostic was the highest revenue-grossing segment in the global electroretinogram market in 2023 owing to the growing incidence of eye disorders, heightened attention to early disease detection, and an upsurge in the number of patients visiting eye clinics and ophthalmology centers. Additionally, research is predicted to grow at the fastest CAGR during the forecast period owing to the number of research activities is on the rise, supported by an increase in government funding for research and development, and a growing trend of collaborations among market players. For instance, in June 2023, DW Healthcare Partners, a private equity firm specializing in healthcare, has successfully concluded its investment in LKC Technologies, Inc. LKC is a manufacturer of electrophysiology testing devices that assist in diagnosing and managing retinal and optic nerve diseases, including conditions like diabetic retinopathy and glaucoma.

North America region is anticipated for the highest revenue share during the forecast period owing to the expanding elderly population, heightened occurrence of eye disorders, a growing number of regulatory approvals, increased investments in research and development, a rising trend in favor of embracing innovative products, and an increase in mergers & acquisitions among industry participants. For instance, in march 2022, LumiThera Inc., a medical device company in the commercial stage providing photobiomodulation (PBM) treatment for ocular damage and disease, has successfully finalized the acquisition of Diopsys, Inc. Diopsys is a prominent provider of contemporary visual electrophysiology medical devices that assist eye care professionals in analyzing the complete visual pathway for visual and neuro-visual disorders. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the widespread acceptance of cutting-edge technologies, the existence of a significant elderly demographic, an escalating incidence of chronic conditions like diabetes, heightened awareness about eye disorders, and a surge in the rollout of state-of-the-art systems. For instance, in October 2023, Baxter has introduced the iExaminer Pro system, which enables the digital capture of images for eye examinations through its current ophthalmoscope.

Segmentation: Electroretinogram Market Report 2023 - 2034

Electroretinogram Market Analysis & Forecast by Type 2023 - 2034 (Revenue USD Bn)

  • Pattern ERG (PERG)
  • Multifocal ERG (mfERG)
  • Full-Field Flash ERG (ffERG)

Electroretinogram Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)

  • Handheld
  • Tabletop

Electroretinogram Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)

  • Research
  • Clinical Diagnostic

Electroretinogram Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
  • Middle East & Africa
  • South Africa
  • GCC
  • Rest of MEA

Table of Contents

1. Research Methodology
1.1. Study Objectives
1.2. Study Scope
1.3. Research Assumptions
1.4. Research Framework
2. Introduction
2.1. Market Definition
2.2. Global Electroretinogram Market Overview
3. Executive Summary
4. Market Environment Analysis
4.1. Porter’s 5 Forces Analysis
4.2. PESTEL Analysis
4.3. SWOT Analysis
5. Market Dynamics
5.1. Drivers Analysis
5.2. Restraints Analysis
5.3. Opportunities Analysis
5.4. Threats Analysis
5.5. Trend Analysis
6. COVID-19 Impact Analysis
7. Electroretinogram Market: Type Estimates & Trend Analysis
7.1. Type Segment Opportunity Analysis
7.2. Pattern ERG (PERG)
7.2.1. Pattern ERG (PERG) Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.3. Multifocal ERG (mfERG)
7.3.1. Multifocal ERG (mfERG) Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.4. Full-Field Flash ERG (ffERG)
7.4.1. Full-Field Flash ERG (ffERG) Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
8. Electroretinogram Market: Product Estimates & Trend Analysis
8.1. Product Segment Opportunity Analysis
8.2. Handheld
8.2.1. Handheld Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
8.3. Tabletop
8.3.1. Tabletop Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
9. Electroretinogram Market: Application Estimates & Trend Analysis
9.1. Application Segment Opportunity Analysis
9.2. Research
9.2.1. Research Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
9.3. Clinical Diagnostic
9.3.1. Clinical Diagnostic Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
10. Regional Market Analysis
10.1. Regional Market Opportunity Analysis
11. North America Electroretinogram Market
11.1. North America Electroretinogram Market
11.1.1. North America Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.1.2. North America Electroretinogram Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
11.1.3. North America Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
11.1.4. North America Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
11.1.5. North America Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
11.2. U.S. Global Electroretinogram Market
11.2.1. U.S. Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.2.2. U.S. Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
11.2.3. U.S. Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
11.2.4. U.S. Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
11.3. Canada Global Electroretinogram Market
11.3.1. Canada Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.3.2. Canada Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
11.3.3. Canada Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
11.3.4. Canada Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
12. Europe Global Electroretinogram Market
12.1. Europe Global Electroretinogram Market
12.1.1. Europe Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.1.2. Europe Electroretinogram Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
12.1.3. Europe Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
12.1.4. Europe Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.1.5. Europe Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
12.2. Germany Global Electroretinogram Market
12.2.1. Germany Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.2.2. Germany Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
12.2.3. Germany Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.2.4. Germany Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
12.3. UK Global Electroretinogram Market
12.3.1. UK Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.3.2. UK Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
12.3.3. UK Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.3.4. UK Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
12.4. France Global Electroretinogram Market
12.4.1. France Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.4.2. France Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
12.4.3. France Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.4.4. France Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
12.5. Spain Global Electroretinogram Market
12.5.1. Spain Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.5.2. Spain Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
12.5.3. Spain Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.5.4. Spain Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
12.6. Italy Global Electroretinogram Market
12.6.1. Italy Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.6.2. Italy Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
12.6.3. Italy Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.6.4. Italy Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
12.7. Rest of Europe Global Electroretinogram Market
12.7.1. Rest of Europe Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.7.2. Rest of Europe Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
12.7.3. Rest of Europe Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.7.4. Rest of Europe Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
13. Asia Pacific Global Electroretinogram Market
13.1. Asia Pacific Global Electroretinogram Market
13.1.1. Asia Pacific Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.1.2. Asia Pacific Electroretinogram Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
13.1.3. Asia Pacific Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
13.1.4. Asia Pacific Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
13.1.5. Asia Pacific Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
13.2. Japan Global Electroretinogram Market
13.2.1. Japan Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.2.2. Japan Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
13.2.3. Japan Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
13.2.4. Japan Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
13.3. China Global Electroretinogram Market
13.3.1. China Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.3.2. China Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
13.3.3. China Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
13.3.4. China Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
13.4. India Global Electroretinogram Market
13.4.1. India Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.4.2. India Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
13.4.3. India Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
13.4.4. India Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
13.5. South Korea Global Electroretinogram Market
13.5.1. South Korea Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.5.2. South Korea Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
13.5.3. South Korea Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
13.5.4. South Korea Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
13.6. Australia Global Electroretinogram Market
13.6.1. Australia Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.6.2. Australia Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
13.6.3. Australia Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
13.6.4. Australia Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
13.7. Rest of Asia Pacific Global Electroretinogram Market
13.7.1. Rest of Asia Pacific Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.7.2. Rest of Asia Pacific Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
13.7.3. Rest of Asia Pacific Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
13.7.4. Rest of Asia Pacific Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
14. Latin America Global Electroretinogram Market
14.1. Latin America Global Electroretinogram Market
14.1.1. Latin America Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
14.1.2. Latin America Electroretinogram Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
14.1.3. Latin America Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
14.1.4. Latin America Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
14.1.5. Latin America Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
14.2. Brazil Global Electroretinogram Market
14.2.1. Brazil Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
14.2.2. Brazil Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
14.2.3. Brazil Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
14.2.4. Brazil Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
14.3. Mexico Global Electroretinogram Market
14.3.1. Mexico Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
14.3.2. Mexico Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
14.3.3. Mexico Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
14.3.4. Mexico Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
14.4. Argentina Global Electroretinogram Market
14.4.1. Argentina Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
14.4.2. Argentina Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
14.4.3. Argentina Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
14.4.4. Argentina Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
14.5. Rest of Latin America Global Electroretinogram Market
14.5.1. Rest of Latin America Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
14.5.2. Rest of Latin America Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
14.5.3. Rest of Latin America Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
14.5.4. Rest of Latin America Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
15. MEA Global Electroretinogram Market
15.1. MEA Global Electroretinogram Market
15.1.1. MEA Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
15.1.2. MEA Electroretinogram Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
15.1.3. MEA Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
15.1.4. MEA Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
15.1.5. MEA Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
15.2. GCC Global Electroretinogram Market
15.2.1. GCC Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
15.2.2. GCC Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
15.2.3. GCC Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
15.2.4. GCC Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
15.3. South Africa Global Electroretinogram Market
15.3.1. South Africa Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
15.3.2. South Africa Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
15.3.3. South Africa Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
15.3.4. South Africa Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
15.4. Rest of MEA Global Electroretinogram Market
15.4.1. Rest of MEA Electroretinogram Market Size and Forecast, 2023-2034 (Revenue USD Bn)
15.4.2. Rest of MEA Electroretinogram Market Size and Forecast, By Type, 2023-2034 (Revenue USD Bn)
15.4.3. Rest of MEA Electroretinogram Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
15.4.4. Rest of MEA Electroretinogram Market Size and Forecast, By Application, 2023-2034 (Revenue USD Bn)
16. Competitor Analysis
16.1. Company Market Share Analysis, 2023
16.2. Major Recent Developments
17. Company Profiles
17.1. Welch Allyn
17.2. Diagnosys LLC
17.3. CSO Italia
17.4. Electro-Diagnostic Imaging, Inc.
17.5. LKC Technologies, Inc.
17.6. Roland-consul
17.7. Metrovision
17.8. Diopsys, Inc.
17.9. Konan Medical USA, Inc.
17.10. Other Prominent Players
18. Conclusion19. Recommendations

Companies Mentioned

  • Welch Allyn
  • Diagnosys LLC
  • CSO Italia
  • Electro-Diagnostic Imaging Inc.
  • LKC Technologies Inc.
  • Roland-consul
  • Metrovision
  • Diopsys Inc.
  • Konan Medical USA Inc.

Table Information