Electroretinography Market (Covid-19) Impact and Analysis by 2027 | LKC Technologies, Diagnosys, Electro-Diagnostic Imaging, Diopsys, Roland Consult Stasche & Finger GmbH, Metrovision, Costruzione Strumenti Oftalmici, Konan Medical USA, and Welch Allyn am

The Insight Partners analysts forecasts the latest report on “Electroretinography Market (Covid-19) Impact and Analysis by 2027”, according to report; The Electroretinography Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Electroretinography Market.

The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Electroretinography Market.

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The global electroretinography market accounted to US$ 35.79 Mn in 2018 and is expected to grow at a CAGR of 6.7% during the forecast period 2019 – 2027, to account to US$ 62.72 Mn by 2027.

Some of the Major Market Players 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.
Welch Allyn
Market Insights

Rising Prevalence of Eye Diseases in Developing and Developed Nations

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.

Healthcare Market Across the Globes Owes Growth Opportunities

The rise in the prevalence of the vision impairment and other eye diseases are leading to the increasing number of patients for diagnosis and treatments. The rise in the diagnosis and treatments are rowing due to the rising awareness and change in the healthcare facilities and services. The technological advancements are driving more research and developments across the medical device industries. Owing to the advancement in the medical device industry, the healthcare industry has witnessed significant growth due to transformations during the last few years. Various technological advancements have been witnessed in the industry such as, scalp cooling technology, wearable contacts and use of 3D visualization for surgeries. Countries across the globe have been preferring advanced technologies in healthcare. With a need for better healthcare facilities, Technology-Enabled Care (TEC) solutions are being preferred to in the healthcare systems in the emerging economies. The increase in ageing population, incidences of chronic illnesses and pediatric care are the primary factors driving the growth of healthcare sector.

Product Insights

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.

Application Insights

The global electroretinography market by application segment was led by clinical. In 2018, the clinical held a largest market share of 79.2% of the electroretinography market, by application. The clinical segment is also expected to dominate the market in 2027. The prevalence of eye disorders on a large scale is expected to be a vital factor driving the growth of the segment during the forecast period.

Strategic Insights

Product launches were observed as the most adopted strategy in global electroretinography industry by the market players. For instance, Diopsys, Inc. launched two new additions to its portfolio at the American Society of Cataract and Refractive Surgery (ASCRS) meeting: the Diopsys Retina Plus, an advanced flicker electroretinography (ERG) system scalable to create a complete visual electrophysiology suite; and a multifocal electroretinography (mfERG) module for use with Diopsys NOVA, Diopsys ARGOS, or the new Retina Plus platforms. These innovative launches made by the company help in strengthening their market position as compared to other players operating in the market.

MARKET SEGMENTATION

By Type

• Fixed Electroretinography
• Portable Electroretinography

By Application

• Clinical
• Research

The report analyses factors affecting the Electroretinography Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Electroretinography Market in these regions.

Moreover, the report entails the estimate and analysis for the Electroretinography Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Electroretinography Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Electroretinography Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Electroretinography Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Electroretinography Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Major Features of Electroretinography Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Electroretinography market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Electroretinography market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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