Electroretinography Market – Expected To Open Up New Growth Avenues In The Near Future 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

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.

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. 

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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.

""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.""

Europe is the second largest growing geographic market and it is expected to be the second largest revenue contributor throughout the forecast period. Europe is recognized as a developed market for the medical devices. The growth is driven by the factors such as rising prevalence of eye disorders in the region, along with the availability of advanced technologies for the diagnosis and the treatment of these eye disorders.

What the report features:-
• Global analysis of Electroretinography market from 2017 – 2027 illustrating the progression of the market.
• Forecast and analysis of Electroretinography market by Dosage, Route of Administration and Application from 2017 – 2027
• Forecast and analysis of Electroretinography market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America

This market research report administers a broad view of the Electroretinography market on a Global basis, presenting a forecast and statistics in terms of revenue during the forecast period. It covers an illustrative study with detailed segmentation, complete research and development history, latest news and press releases. Additionally, it demonstrates the future aspects and portrays a sketch of the key players involved in the Electroretinography market’s growth in terms of revenue.

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The report contains imperative and pivotal details affecting the developments and growth of the market and also talks about the restricting factors that may restrain the Electroretinography market growth during the forecast period. Segmentations of the market are examined specifically to provide knowledge for supplementary market investments. Segmentation of the market on the basis of Dosage, Route of Administration and Application are elucidated in details portraying a descriptive structure of the market trends and restrictions affecting the Electroretinography market through the segments and sub-segments.

Reasons to Buy the Report:
• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.

Posted by on Tuesday June 25 2019, 2:02 PM EDT. All trademarks acknowledged. Filed under Business Services, Featured Press Release, Healthcare. Comments and Trackbacks closed. Follow responses: RSS 2.0

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