Electroretinography Market By Product (Fixed, Portable), Industry (Clinical Use, Research Use) And By Region (Latin America, North America, Asia Pacific, Europe, Middle East And Africa) - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018-2023)

Electroretinography Market By Product (Fixed, Portable), Industry (Clinical Use, Research Use) And By Region (Latin America, North America, Asia Pacific, Europe, Middle East And Africa) - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018-2023)

ID: 8365 | Pages: 175 | March 2019 | Region: Global


Report Description:

Electroretinography is the study of electrical impulses sent by the retina in response to light. Electroretinogram is an eye test that tries to detect the abnormalities in the functioning of retina. Retina is the innermost light sensitive layer of cells that translates images into electrical impulses for the brain to create visual perception. Retina is comprised of many layers of cells with varied functionalities and purposes that coordinate with each other to make image recognition possible. There are photoreceptor cells (rods and cones) that detect light and transmit signals to intermediary cells (Muller cells and bipolar cells) and finally the Ganglion cells transmit the impulses that are recorded by the brain as images. In this test an electrode in the form of a thin wire or a contact lens is placed on the cornea(front part) of the eye after dilating the eyes of the patient and anaesthetising him/her. This electrode will register the electrical impulses while the eyes are subjected to various image and light inputs. This will help the physicians calibrate the exact nature of the retinal defect and prescribe the appropriate course of action.

Recent Developments

  • Scientists from Peking University, Beijing created a soft GRAphene Contact lens Electrode (GRACEs) that addressed the problems of patient discomfort due to hard electrodes, limited types of electroretinograms with a single type of electrode, reduced signal amplitudes and stability, and excessive eye movement. They made sure that the lens did not have any wrinkles by growing it on curved quartz molds.
  • Pattern Electroretinography was shown be a very effective tool for evaluating patients with early stage Glaucoma particularly Glaucoma suspects. According to the latest article published by the authors Porciatti and Ventura in Current Ophthalmology Reports, the Pattern Electroretinography of the patients at risk of progression from suspected to manifest glaucoma reveal alterations in signal even before they start to lose visual field and optic nerve tissue.
  • A new technique invented by a team of researcher from the University of Bradford, UK lead by Dr Declan McKeefry was able to 'silence' the L- and M-cones and the rods so only the signals from the S-cones are picked up by using stimuli at different wavelengths. This novel method addresses the shortcomings of the normal Electroretinography method that cannot distinguish between the different type of cones. Machines which integrate this facility can break ground into a virgin market.

Drivers and Restraints of Market

There is a general growth in the medical and healthcare sector due to the increasing levels of
around the world. Developed nations like Japan, Germany, Italy, Finland and other European countries have an increasingly older demographic. Due to this populationreason many of these nations have resorted to importing younger people from less developed nations to balance the lack of taxpayers. This simultaneous rise in population due to immigration and an increase in elderly population in these nations is expected to drive the healthcare sector and also the Electroretinography market. With the rapid industrialization and urbanization of many Asian economies a number of people have jobs that are paying much more than they did a few decades ago. This increase in income has contributed to people being able to access better healthcare facilities for themselves and their loved ones. With the one child policy of China many young Chinese families have four parents and eight grandparents to take care of. With increased health complication due to old age, the market for Electroretinography seems to be very promising in China as well. Countries like India,Malaysia, Indonesia, Taiwan and Australia are also anticipated to be key markets for electroretinography due to their burgeoning economies and growing populations.

However many people around the world are still stuck in abject poverty and cannot afford quality healthcare. Prohibitive pricing of diagnostic testing in many countries hurts the market by the access to richer patients. Lack of awareness among people and inability to afford the treatment are two main factors restraining the growth of the Electroretinography market.limiting

Market Value and Growth

Electroretinography Market is valued at USD xx billion in 2019 and is projected to grow at a Compound Annual Growth Rate (CAGR)
of  xx % during the forecast period to a net market size of  USD xx billion in 2024.

Market Segmentation

The Global Electroretinography market can be segmented on the basis of Product, Industry and Geography.

By product the market can be divided into Fixed ERG machines and Portable ERG machines. Fixed ERG machines offer full range of functionality in exchange for ease of movement and portability. These machines are suitable for large multi speciality and single speciality hospitals that can attract a large number of patients. Portable EGR machines are easy to carry and can be transported with the ease that is not possible with the fixed machines. However most portable machines are not as good as the fixed alternatives and have reduced functionality. These are most suitable for clinics and mobile hospitals that operate in regions which lack permanent infrastructure facilities. Since both the machines have different clientele they both have steady markets with healthy growth rates.

By Industry the market can be classified into Clinical Use and Research Use. While the machines are mostly used on humans in Clinical medicine, research sector makes use of multiple animals species for understanding the structure
eye and for developing new techniques and procedures. The machines used in research as a result are also quite different from their clinical brethren. Primates, Rodents and other small animals are routinely used in laboratories for research purposes.of

By Region, the market for Electroretinography can be segregated into Latin America, North America, Asia Pacific, Europe, Middle East and Africa. North America and Europe are currently the largest markets for Electroretinography, with the rising population levels and decreasing unemployment in the countries in these regions the market has a bright future. The region of Asia Pacific is anticipated to grow with the highest CAGR during the upcoming years. This can be attributed to the region’s large population and growing economy.

Key Players

Some of the major players operating in the sector of Electroretinography are Konan Medical, CSO Italia,  Diagnosys LLC, LKC Technologies Inc, Electro-Diagnostic Imaging Inc., Roland-consult, Diopsys Inc., Metrovision among others.

Konan Medical is a Japanese company that was established after the second world war in 1947 in Hyogo Japan. It was established by a group of camera enthusiasts and slowly expanded into specular microscopy business in 1979. It holds more than 1,600 patents and is significantly growing in the market for devices used to image and assess the corneal endothelium for clinical and donor corneas. At the moment Konan Medical has the first and only FDA cleared Non-Mydriatic, Hand-Held, Full-Field ERG Device called RETeval®.

Research Report Key Highlights

  • This report gives a brief description of the Electroretinography Market and provides a glimpse into what would be covered in the full report.
  • Growth, Drivers & Restrictions, Market Segmentation, and Key players are covered in this Report Description.
  • This report description provides a rough estimate of what the complete report contains and the final report can be customized according to the client's needs and specifications.
  • This could be potentially useful for companies operating in healthcare, manufacturing and other allied industries due to its wide scope and coverage.
  • The complete report if purchased will contain analysis of various aspects of the industry using the Porter’s five forces analysis.

 

1. Introduction

1.1 Scope of the report

1.2 Report Objectives

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 PEST Analysis

3.2 Drivers, Restraints, Opportunities

3.3 Epidemiology

4. Market Classification

4.1 Electroretinography Market, By Product Type (2018-2023)

4.1.1 Overview

4.1.2 Portable

4.1.3 Fixed

4.1.4 Year-on-Year Trends

4.1.5 Opportunity Index

4.2 Electroretinography Market, By End Use (2018-2023)

4.2.1 Overview

4.2.2 Clinical Use

4.2.3 Research Use

4.2.4 Year-on-Year Trends          

4.2.5 Opportunity Index        

5. Geographical Landscape

5.1 Global Scenario

5.2 North America Electroretinography Market (2018-2023)

5.1.1 Overview

5.1.2 United States

5.1.3 Canada

5.2 Europe Electroretinography Market (2018-2023)

5.2.1 Overview

5.2.2 U.K

5.2.3 Spain

5.2.4 Germany

5.2.5 Italy

5.2.6 France

5.2.6 Rest of Europe

5.3 Asia-Pacific Electroretinography Market (2018-2023)

5.3.1 Overview

5.3.2 China

5.3.3 India

5.3.4 Japan

5.3.5 Australia

5.3.6 South Korea

5.3.6 Rest of Asia-Pacific

5.4 Latin America Electroretinography Market (2018-2023)                 

5.4.1 Overview

5.4.2 Brazil

5.4.3 Argentina

5.4.4 Mexico

5.4.5 Rest of Latin America

5.5 Middle East & Africa Electroretinography Market (2018-2023)                 

5.5.1 Overview     

5.5.2 Iran

5.5.3 Iraq 

5.5.4 South Africa

5.5.5 GCC Countries

5.5.6 Others

6. Key Player Analysis

6.1 Konan Medical

6.2 CSO Italia

6.3 Diagnosys LLC

6.4 LKC Technologies, Inc.

6.5 Electro-Diagnostic Imaging Inc

6.6 Roland-consult

6.7 Diopsys Inc.

6.8 Metrovision              

7. Competitive Analysis

7.1 Market share analysis

7.2 Product Landscape

7.3 Regional Landscape

7.4 Operations Landscape

8. Key Developments

8.1 New Product Launches

8.2 Merger and Acquisition Analysis

8.3 Agreements & collaborations

8. Industry Outlook

Appendix

a) List of Tables

b) List of Figures

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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  1.  Global Electroretinography Market Market By Region, From 2018-2023 ( USD Billion )
  2. Global Electroretinography Market Market By Product , From 2018-2023 ( USD Billion )
  3. Global Fixed Market By Region, From 2018-2023 ( USD Billion )
  4. Global Portable Market By Region, From 2018-2023 ( USD Billion )
  5. Global Electroretinography Market Market By Industry, From 2018-2023 ( USD Billion )
  6. Global Clinical Use Market By Region, From 2018-2023 ( USD Billion )
  7. Global Researcg Use Market By Region, From 2018-2023 ( USD Billion ) 
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