Electroretinography Market Research Report By ERGA (Color ERG, Pattern ERG, Flicker ERG, Multifocal ERG, Full-field ERG), By Technology (Standard ERG, Multi-focal ERG, Wide-field ERG), By Application (Diagnosis and management of retinal diseases, Clinical research, Drug development), By Portability (Portable ERG, Stationary ERG), By End User (Hospitals and clinics, Academic and research institutions, Pharmaceutical and biotechnology companies) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - For

Global Electroretinography Market Overview:

As per MRFR analysis, the Electroretinography Market Size was estimated at 1.51 (USD Billion) in 2022. The Electroretinography Market Industry is expected to grow from 1.59 (USD Billion) in 2023 to 2.5 (USD Billion) by 2032. The Electroretinography Market CAGR (growth rate) is expected to be around 5.16% during the forecast period (2024 - 2032).

Key Electroretinography Market Trends Highlighted

The factors that drive the Electroretinography market comprise the increasing incidence of retinal disorders, the growing emergence of ERGs as a diagnostics technique, and the progressive changes in ERG technology. There are prospects for the innovation of new ERG methods that can assist in disease detection at its earliest stage, the use of machine learning tools for automatic interpretation, and the use of the techniques in developing countries. New developments in the ERG market suggest that there is an increasing preference for performing ERG without dilating the pupils, using ERG without etalons, and integrating ERG with other diagnostic tools into a single serodiagnostic complex. Such developments improve the usability, availability and accuracy of diagnosis, hence enhancing market growth and innovations.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Electroretinography Market Drivers

Increasing Prevalence of Eye Diseases

The Electroretinography Market Industry is majorly driven by the rising prevalence of eye diseases such as retinitis pigmentosa, macular degeneration, and diabetic retinopathy. Electroretinography is a non-invasive diagnostic test that measures the electrical activity of the retina in response to light stimuli. ERG is used to diagnose and monitor a wide range of retinal disorders. The recent decade has seen a significant increase in the use of ERG in clinical practice.According to WHO, Approximately 285 million people worldwide are visually impaired, of whom 39 million are blind. Eye diseases are the leading causes of visual impairment and blindness, and with the increasing prevalence of eye diseases, the adoption of ERG will increase over the forecast period.

Technological Advancements

Technological advancements in ERG equipment are another key driver of the Electroretinography Market Industry. The development of new ERG devices with improved sensitivity, accuracy, and speed is making ERG testing more accessible and efficient. For example, the introduction of multi-focal ERG (mfERG) has enabled the assessment of retinal function at different locations within the retina, providing more detailed information about retinal health.Additionally, the development of portable ERG devices is making it easier to perform ERG testing in remote or underserved areas.

Rising Awareness

Increasing awareness about the importance of eye health and the benefits of ERG testing is contributing to the growth of the Electroretinography Market Industry. Public health campaigns and educational initiatives are raising awareness about the risk factors and symptoms of eye diseases, and the role of ERG testing in early diagnosis and management. As more people become aware of the benefits of ERG, the demand for these services is expected to increase.

Electroretinography Market Segment Insights:

Electroretinography Market ERGA Insights

The ERGA segment of the Electroretinography Market is projected to grow significantly over the forecast period, driven by the rising prevalence of retinal diseases and increasing demand for non-invasive diagnostic techniques. Color ERG, which evaluates the function of cone cells responsible for color vision, is expected to hold a dominant share in the ERGA market. Pattern ERG, used to assess macular function, is also anticipated to witness substantial growth due to its ability to detect early signs of macular degeneration. Flicker ERG, which measures the response of the retina to flickering light, is gaining traction as a valuable tool for diagnosing retinal disorders such as retinitis pigmentosa.Multifocal ERG, which provides a detailed map of retinal function, is expected to grow at a rapid pace, driven by its high accuracy and reliability in diagnosing retinal diseases. Full-field ERG, which assesses the overall function of the retina, is projected to maintain a significant share of the ERGA market due to its widespread use as a screening tool for retinal diseases.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Electroretinography Market Technology Insights

The market is divided by technology into Standard ERG, Multi-focal ERG, and Wide-field ERG. The segmentation suggests that whereas the Standard ERG segment had the largest share of the market in 2023 and will continue to do so throughout the forecast period, the Multi-focal ERG segment will have the highest CAGR during the forecast period. Its high rate of growth will be dictated by the growing use of this type of system in research settings and its superiority in terms of the detail of the assessment over the standard system.

Electroretinography Market Application Insights

Electroretinography has gained significant traction in various applications, contributing to its market growth. In 2023, the Electroretinography Market for the 'Diagnosis and management of retinal diseases' segment was valued at USD 1.24 billion and is projected to reach USD 2.01 billion by 2032, exhibiting a CAGR of 5.5%. This growth can be attributed to the rising prevalence of retinal disorders such as macular degeneration and diabetic retinopathy, coupled with technological advancements in ERG devices. The 'Clinical research' segment held a market share of USD 0.26 billion in 2023 and is anticipated to grow at a CAGR of 6.1% during the forecast period.The increasing demand for ERG in clinical trials for evaluating drug efficacy and safety is driving this segment's growth. Furthermore, the 'Drug development' segment is expected to witness substantial growth, reaching USD 0.32 billion by 2032, owing to the rising adoption of ERG in preclinical and clinical studies to assess the impact of new drugs on retinal function.

Electroretinography Market Portability Insights

The Electroretinography Market is segmented by Portability into Portable ERG and Stationary ERG. The Portable ERG segment is expected to witness substantial growth over the forecast period due to its increasing adoption in various clinical settings. Portable ERG devices are compact, lightweight, and easy to use, making them ideal for point-of-care testing and remote patient monitoring. The growing demand for portable ERG systems in ophthalmology clinics, hospitals, and research institutions is driving the growth of this segment. The Stationary ERG segment, on the other hand, is expected to maintain a steady growth rate due to its continued use in specialized electrophysiology laboratories and research centers.

Electroretinography Market End User Insights

The Electroretinography Market segmentation by end user includes Hospitals and clinics, Academic and research institutions, and Pharmaceutical and biotechnology companies. Hospitals and clinics are projected to hold the largest market share in 2023, owing to the rising prevalence of eye diseases and the increasing adoption of electroretinography for diagnosis and monitoring. Academic and research institutions are also significant contributors to the market, as they conduct research on new electroretinography techniques and applications. Pharmaceutical and biotechnology companies are expected to drive market growth through the development and commercialization of new drugs and therapies for eye diseases.

Electroretinography Market Regional Insights

The regional segmentation of the Electroretinography Market showcases distinct market dynamics across various geographic regions. North America holds a significant market share, driven by factors such as advanced healthcare infrastructure, high prevalence of retinal disorders, and increasing adoption of advanced diagnostic technologies. Europe follows closely, with a large population base and well-established healthcare systems. The Asia-Pacific (APAC) region is projected to witness substantial growth in the coming years, owing to rising disposable incomes, improving healthcare access, and increasing awareness of retinal diseases.South America and the Middle East and Africa (MEA) regions are anticipated to contribute to the overall market growth, albeit at a slower pace, due to emerging economies and growing healthcare investments. The Electroretinography Market is expected to reach a valuation of USD 2.5 billion by 2032, expanding at a CAGR of 5.16% during the forecast period. This growth is attributed to the increasing prevalence of retinal disorders, advancements in diagnostic technologies, and rising demand for non-invasive diagnostic procedures.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Electroretinography Market Key Players And Competitive Insights:

Major players in the Electroretinography Market industry are continuously investing in research and development to offer advanced solutions to healthcare professionals and expand their product portfolios. Leading Electroretinography Market players are focused on developing non-mydriatic and handheld devices to improve patient convenience and accessibility. Strategic collaborations and acquisitions are also a key part of the Electroretinography Market development strategy to gain market share and enhance capabilities. The competitive landscape is expected to remain dynamic, with new players emerging and established companies expanding their offerings.One of the leading players in the Electroretinography Market is Retiscan. The company offers a range of advanced Electroretinography systems, including the Retiscan Retiport ERG and the Retiscan Retimax ERG. Retiscan's systems are known for their high quality and accuracy and are used by leading ophthalmologists and optometrists worldwide. The company has a strong focus on research and development and is continually innovating to improve its product offerings.A key competitor in the Electroretinography Market is LKC Technologies. The company offers a range of Electroretinography systems, including the LKC ERG system and the LKC Phoenix ERG system. LKC Technologies' systems are known for their affordability and ease of use and are popular among small and mid-sized ophthalmology practices. The company has a strong presence in the Asia-Pacific region and is expanding its market reach in other regions through strategic partnerships and collaborations.

Key Companies in the Electroretinography Market Include:

• Zeiss International


• LKC Technologies


• Roland Consult


• Konan Medical


• Allison Medical


• Marco Ophthalmic


• Nidek


• Diagnosys LLC


• Topcon Healthcare


• Reichert Technologies


• Metrovision


• Vision Research Technologies


• HEINE Optotechnik


• BioRad Laboratories

Electroretinography Market Industry Developments

The Electroretinography (ERG) market is projected to reach USD 2.5 billion by 2032, exhibiting a CAGR of 5.16% during the forecast period (2024-2032). The rising prevalence of ophthalmic disorders, increasing adoption of advanced ERG systems, and growing awareness about the benefits of early diagnosis are driving market growth. Recent advancements in ERG technology, such as multifocal ERG (mfERG) and pattern ERG (PERG), are enhancing diagnostic capabilities and expanding applications in various retinal diseases. Key market players are focusing on strategic collaborations, product launches, and geographical expansion to gain a competitive edge. For instance, in 2023, Roland Consult launched the RETeval system, a portable ERG device for comprehensive retinal function assessment.

Electroretinography Market Segmentation Insights

Electroretinography Market ERGA Outlook

• Color ERG


• Pattern ERG


• Flicker ERG


• Multifocal ERG


• Full-field ERG

Electroretinography Market Technology Outlook

• Standard ERG


• Multi-focal ERG


• Wide-field ERG

Electroretinography Market Application Outlook

• Diagnosis and management of retinal diseases


• Clinical research


• Drug development

Electroretinography Market Portability Outlook

• Portable ERG


• Stationary ERG

Electroretinography Market End User Outlook

• Hospitals and clinics


• Academic and research institutions


• Pharmaceutical and biotechnology companies

Electroretinography Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa