Electroretinogram Market Introduction and Overview
According to SPER Market Research, the Global Electroretinogram Market is estimated to reach USD 1677.6 million by 2034 with a CAGR of 9.19%.
Continuous innovation and the growth of ophthalmology clinics and research facilities are fueling the market's need for electroretinograms. Furthermore, the increasing incidence of eye conditions such as retinitis pigmentosa, glaucoma, diabetic retinopathy, macular degeneration, and cone-rod dystrophy is expected to propel market expansion during the projection period. A growing aging population, increased screen time during the pandemic, and a preference for early disease diagnosis are some of the factors that are anticipated to support market growth.
Recent Developments:
- A novel soft multi-electrode electroretinography (ERG) technology was introduced by Japanese researchers in May 2024. The diagnosis of eye disorders can be improved by this new device's ability to monitor electrical potentials from multiple retinal sites concurrently. It is based on soft contact lenses and provides improved biocompatibility and comfort, greatly expanding ERG capabilities.
- SKERI Senior Scientist Christopher Tyler advanced earlier work started in the 1990s by proposing a novel model of electroretinogram (ERG) dynamics in July 2024. Through the development of particular biomarkers for both rod and cone vision, this comprehensive model incorporates computational investigations of rod (night) vision responses with the goal of improving diagnostic capacities for retinal illnesses.
By Type: The full-field flash ERG (ffERG) category dominated the market in 2024. The accuracy with which ffERG can evaluate general retinal function, differentiate between various cell types, and discriminate functional differences from systemic diseases or degeneration makes it a popular tool. Nevertheless, it is unable to offer comprehensive details about specific retinal regions. The segment's rise is anticipated to be driven by healthcare professionals' growing preference for ffERG. It is anticipated that the multifocal ERG (mfERG) segment would have the highest compound annual growth rate (CAGR) over the course of the report. Clinicians can detect localized problems and evaluate central and peripheral functions independently by using MfERG to monitor retinal responses from different locations. Its market expansion is anticipated to be supported by mfERG's growing advantages.
By Product: Based on Product, In 2024, the tabletop electroretinogram segment captured the largest market share. These traditional, non-invasive devices measure retinal electrical activity in response to light stimuli and are known for their precision and accuracy in eye diagnosis. Companies are focusing on developing tabletop ERG devices to meet growing demand. However, they require proper setup and are not portable. The handheld electroretinogram segment is expected to grow the fastest, with several companies investing in R&D for portable ERG devices
By Application: Based on Application, The clinical diagnostic segment held the largest revenue share in 2024 and is expected to experience the fastest growth during the forecast period, driven by the increasing demand for precise and dependable retinal assessments. Healthcare professionals are concentrating on cutting-edge diagnostic technologies to improve patient outcomes as awareness of eye conditions including diabetic retinopathy and retinitis pigmentosa rises. Electroretinograms play a crucial role in evaluating retinal function and diagnosing various conditions, contributing to their widespread use in clinical settings.
By Region: North America led the global electroretinogram market in 2024, driven by factors such as a growing elderly population, a rising prevalence of eye disorders, increased approvals and investments in research and development, and a strong preference for adopting advanced products in the US. Additionally, the expansion of hospitals, along with the presence of a robust healthcare infrastructure and research facilities, is expected to significantly contribute to the continued growth of the North American market.
Market Competitive Landscape:
The Global Electroretinogram Market is highly consolidated. Some of the market players are Allison Medical, BioRad Laboratories, Diagnosys LLC, HEINE Optotechnik, Konan Medical, LKC Technologies, Marco Ophthalmic, Metrovision, Nidek, Topcon Healthcare, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Type, By Product, By Application. |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. |
| Companies Covered | Allison Medical, BioRad Laboratories, Diagnosys LLC, HEINE Optotechnik, Konan Medical, LKC Technologies, Marco Ophthalmic, Metrovision, Nidek, Topcon Healthcare, Others. |
Key Topics Covered in the Report:
- Global Electroretinogram Market Size (FY’2021-FY’2034)
- Overview of Global Electroretinogram Market
- Segmentation of Global Electroretinogram Market By Type {(Full-field flash ERG (ffERG), Pattern ERG (PERG), Multifocal ERG (mfERG)}
- Segmentation of Global Electroretinogram Market By Product (Handheld, Tabletop)
- Segmentation of Global Electroretinogram Market By Application (Clinical Diagnostic, Research)
- Statistical Snap of Global Electroretinogram Market
- Expansion Analysis of Global Electroretinogram Market
- Problems and Obstacles in Global Electroretinogram Market
- Competitive Landscape in the Global Electroretinogram Market
- Details on Current Investment in Global Electroretinogram Market
- Competitive Analysis of Global Electroretinogram Market
- Prominent Players in the Global Electroretinogram Market
- SWOT Analysis of Global Electroretinogram Market
- Global Electroretinogram Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.2. Market segment analysis
2.1. Research data source
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
5. Market variable and outlook
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
6.1. Global Electroretinogram Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Electroretinogram Market
7. Global Electroretinogram Market, By Type (USD Million) 2021-2034
7.1. Full-field flash ERG (ffERG)
7.3. Multifocal ERG (mfERG)
8. Global Electroretinogram Market, By Product (USD Million) 2021-2034
9. Global Electroretinogram Market, By Application (USD Million) 2021-2034
10. Global Electroretinogram Market (USD Million) 2021-2034
10.1. Global Electroretinogram Market Size and Market Share
11. Global Electroretinogram Market, By Region, (USD Million) 2021-2034
11.1.6. Rest of Asia-Pacific
11.3. Middle East and Africa
11.3.1. Kingdom of Saudi Arabia
11.3.2. United Arab Emirates
11.3.8. Rest of Middle-East and Africa
11.5.3. Rest of Latin America
12.1.2. Financial outlook
12.1.4. Recent developments
12.2. BioRad Laboratories
12.2.2. Financial outlook
12.2.4. Recent developments
12.3.2. Financial outlook
12.3.4. Recent developments
12.4.2. Financial outlook
12.4.4. Recent developments
12.5.2. Financial outlook
12.5.4. Recent developments
12.6.2. Financial outlook
12.6.4. Recent developments
12.7.2. Financial outlook
12.7.4. Recent developments
12.8.2. Financial outlook
12.8.4. Recent developments
12.9.2. Financial outlook
12.9.4. Recent developments
12.10.2. Financial outlook
12.10.4. Recent developments
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
