Visual Electrophysiology Market By Test Type (Electro-oculogram (EOG), Electroretinogram (ERG), Visual-evoked Responses (VER) And Multifocal Electroretinogram (mfERG)), Product Type (Portable And Fixed) And End-User (Clinics, Hospitals, Diagnostic Imaging Centers, Ambulatory Surgical Centers And Others) - Global Forecast (2018-2023)

Visual Electrophysiology Market By Test Type (Electro-oculogram (EOG), Electroretinogram (ERG), Visual-evoked Responses (VER) And Multifocal Electroretinogram (mfERG)), Product Type (Portable And Fixed) And End-User (Clinics, Hospitals, Diagnostic Imaging Centers, Ambulatory Surgical Centers And Others) - Global Forecast (2018-2023)

ID: 8373 | Pages: 175 | March 2019 | Region: Global


Market Overview

Visual electrophysiology is a procedure that involves the recording of the several electrical signals that come from the brain, optic nerve, and eye which is in response to the visual stimuli. This technology has quickly become famous all over the world in the ophthalmologist community. Though training the ophthalmologist of this new technology remains a constraint, it is rapidly being adapted all over the world.

Market Drivers and Restraints

Drivers

  1. Visual electrophysiology market is growing with the prevalence of the eye and neurological disorders and increasing investment from Government and Private sector to inculcate new technologies.
  2.  Increasing awareness about adverse effects of the visual and neurological disorders are expected to create the opportunity for the visual electrophysiology testing devices providers.

Restraints

  1. The high cost associated with the diagnosis and treatment procedure acts as a restraint for the market.
  2. Lack of experience and lack of willingness to adopt these advanced technologies on the side of the practitioner is a big constraint in the growth of the market.

Visual Electrophysiology Market Segmentation Analysis

  • By Test typeBased on the material, the Visual Electrophysiology market is divided into-
  1. Electro-oculogram (EOG)
  2. Electroretinogram (ERG)
  3. Visual-evoked responses (VER)
  4. Multifocal Electroretinogram (mfERG)

Based on the test type, electroretinogram (ERG) is used most widely and has the largest market share during the forecast period.  An ERG is advantageous in evaluating both hereditary and acquired disorders of the retina. The diagnoses commonly suspect the predominant conditions of the retina including retinitis pigmentosa, retinitis pigmentosa sine pigment, choroideremia, achromatopsia, and congenital stationary night blindness. The increasing government initiatives for the early diagnosis and treatment of visual and neurological disorders in the advanced economies are expected to upsurge the overall visual electrophysiology testing device market.

  • By Product TypeBased on the modality, the Visual Electrophysiology market is divided into-
  1. Portable
  2. Fixed

Based on Modality, Fixed visual electrophysiology has way higher market share and it is projected to remain so in the forecast period. It is because the machine is heavy and eye care is not an emergency situation so people prefer to go to clinics and hospitals in their time of appointment with the doctor.

  • By End-UserBased on the end-user, the Visual Electrophysiology market is divided into-
  1. Hospitals
  2. Ophthalmic Clinics/Visual Electrophysiology Laboratory
  3. Ambulatory Surgical Centers
  4. Others

Based on the end-user, hospitals have the highest market share followed by clinics. This is mainly because hospitals have higher disposable money to acquire new machinery. Many hospitals have their R&D department so they are better in sync with the latest technologies and training their doctors.

Visual Electrophysiology Market Geographical Analysis

North America and Western Europe are the biggest markets for visual Electrophysiology in 2018 and is expected to remain so during the forecast period. This is because of the high cost of equipment and the technology involved being relatively new, countries with people having higher disposable income are only adapting these technologies quickly.

In terms of the growth rate, the APAC region leads the pack. Japan and China lead the market share in the APAC region during the forecast period. Improving economic conditions and increasing disposable income in APAC will see a sharp rise in visual electrophysiology market in China, India, and Indonesia.

Visual Electrophysiology Market Key Players

Konan Medical USA, Inc., Diopsys, Inc, Nationwide Children's Hospital,  LKC Technologies, Inc., Metrovision are some of the key players in the market.

Recent Development

In recent research, nanoparticles were injected in the mouse’s retina which enabled it to see near-infrared (near-IR) light at about half the resolution of visible light. This research has the potential to change visual electrophysiology in the coming years.

Visual Electrophysiology Market Report Key Highlights

  • This report gives a full analysis of the Visual Electrophysiology Market and how it is evolving during the forecast period (2018-2023).
  • In this report, the Visual Electrophysiology Market has been segmented by test type, modality, end-user and the region which would give a better understanding of where exactly the market is headed and what is driving its growth.
  • The report addresses in detail the key market challenges, drivers and restraints and how prevalent they are in a particular geographical area and time.
  • Full Porter’s Five Forces Analysis has been done for the user to get a better idea of the market and the opportunity that exists during the forecast period in the market.
  • The key insights given in this report will help the reader in making better investment decisions through a better understanding of the market.

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 Visual Electrophysiology 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 Visual Electrophysiology Market, By Test Type (2018-2023)

4.2.1 Overview

4.2.2 Electro-oculogram (EOG)

4.2.3 Electroretinogram (ERG)

4.2.4 Visual-evoked responses (EVR)

4.2.5 Multifocal Electroretinogram (mfERG)

4.2.6 Year-on-Year Trends          

4.2.7 Opportunity Index        

4.3 Visual Electrophysiology Market, By Channel (2018-2023)                    

4.3.1 Overview

4.3.2 Hospitals

4.3.3 Ophthalmic Clinics/Visual Electrophysiology Laboratory

4.3.4 Ambulatory Surgical Centres          

4.3.5 Others

4.3.6 Year-on-Year Trends          

4.3.7 Opportunity Index                

5. Geographical Landscape

5.1 Global Scenario

5.2 North America Visual Electrophysiology Market (2018-2023)

5.1.1 Overview

5.1.2 United States

5.1.3 Canada

5.2 Europe Visual Electrophysiology 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 Visual Electrophysiology 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 Visual Electrophysiology 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 Visual Electrophysiology 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 Athersys

6.2 Konan Medical USA, Inc.

6.3 Diopsys, Inc, Nationwide Children's Hospital

6.4 LKC Technologies, Inc.

6.5 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
  • Segment-level analysis in terms of Product and Indication 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, economic 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 analyzing 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 Visual Electrophysiology Market By Region, From 2018-2023 ( USD Billion )
  2. Global Visual Electrophysiology Market By Test Type, From 2018-2023 ( USD Billion )
  3. Global Electro-oculogram (EOG) Market By Region, From 2018-2023 ( USD Billion )
  4. Global Electroretinogram (ERG) Market By Region, From 2018-2023 ( USD Billion )
  5. Global Visual-evoked responses (VER) Market By Region, From 2018-2023 ( USD Billion )
  6. Global Multifocal Electroretinogram (mfERG) Market By Region, From 2018-2023 ( USD Billion )
  7. Global Visual Electrophysiology Market Market By Product Type, From 2018-2023 ( USD Billion )
  8. Global Portable Market By Region, From 2018-2023 ( USD Billion )
  9. Global Fixed Market By Region, From 2018-2023 ( USD Billion )
  10. Global Visual Electrophysiology Market By End-User, From 2018-2023 ( USD Billion )
  11. Global Clinics Market By Region, From 2018-2023 ( USD Billion )
  12. Global Hospitals Market By Region, From 2018-2023 ( USD Billion )
  13. Global Diagnostic Imaging centres Market By Region, From 2018-2023 ( USD Billion )
  14. Global Ambulatory Surgical Centres Market By Region, From 2018-2023 ( USD Billion )
  15. Global Others Market By Region, From 2018-2023 ( USD Billion )
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