According to a new report by Expert Market Research titled, “Global Electroretinograph Market Share, Size, Report and Forecast 2024-2032″, the global electroretinograph market size is projected to grow at a CAGR of 8% between 2024 and 2032. Aided by the rising prevalence of retinal disorders and the advancements in ocular diagnostics, the market is expected to grow significantly by 2032.
An electroretinograph is a sophisticated diagnostic device used to measure the electrical response of the eye’s light-sensitive cells, the rods and cones. This test, known as electroretinography, is crucial in diagnosing various retinal conditions, including retinitis pigmentosa, diabetic retinopathy, and other hereditary retinal dystrophies. It plays a significant role in assessing retinal function and guiding treatment strategies.
The increasing prevalence of retinal diseases globally is a primary driver of the electroretinograph market growth. With an ageing population and the rising incidence of diabetes, conditions such as diabetic retinopathy are becoming more common, leading to a surge in demand for precise diagnostic tools like electroretinographs. Additionally, the heightened awareness about eye health and regular ocular check-ups further contribute to the market’s expansion.
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Technological advancements in electroretinographs are revolutionising ocular diagnostics. Modern electroretinographs are more user-friendly, accurate, and provide detailed analysis, enabling early detection and management of retinal disorders. The integration of AI and machine learning for better interpretation of results is also a significant factor propelling the electroretinograph market demand.
The growing demand for non-invasive and accurate diagnostic tools in ophthalmology is a major trend influencing the electroretinograph market. With patients seeking quicker and painless diagnostic methods, electroretinography stands out as an essential tool in an ophthalmologist’s arsenal.
Moreover, the increasing investments in research and development of ocular diagnostics are driving market growth. The development of portable and handheld electroretinographs is particularly notable, enhancing accessibility and convenience, especially in remote and underserved areas.
North America accounts for a significant portion of the electroretinograph market share, attributed to the advanced healthcare infrastructure, high prevalence of retinal disorders, and presence of leading market players in the region. The United States plays a pivotal role in the market’s growth, driven by the increasing healthcare expenditure and adoption of innovative diagnostic tools.
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Market Segmentation
The market can be divided based on product, end use, and region.
Market Breakup by Product
• Fixed ERG
• Portable ERG
Market Breakup by End Use
• Clinical
• Research
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global electroretinograph market. Some of the major players explored in the report by Expert Market Research are as follows:
• Costruzione Strumenti Oftalmici (CSO) s.r.l.
• Diagnosys LLC
• Diopsys, Inc.
• LKC Technologies, Inc.
• Roland Consult Stasche und Finger GmbH
• Hill-Rom Holdings, Inc.
• Others
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