Global Visual Electrophysiology Industry is expected to witness a 7.0% CAGR by 2033, largely propelled by the expansion of healthcare resources in optical care centers | FMI

Visual Electrophysiology Industry
Visual Electrophysiology Industry

The global visual electrophysiology industry size is anticipated to expand its roots at a steady CAGR of 7.0% between 2023 and 2033. The market is expected to have a market share of US$ 458.9 million by 2033 while it is likely to be valued at US$ 234.1 million in 2023.

  • The advent of visual electrophysiological tools for better diagnosis of the retina along with the retinal cells is flourishing the market growth. Furthermore, the multi-model imaging of the retina and visual pathways is likely to transform the prospects.
  • The growing vision-related problems in young people due to high screen time and lack of nutrition are fueling the sales of these tools. Alongside this, the rising air pollution and chronic diseases are also weakening vision among people.
  • Electrophysiological tools help the end user in diagnosing everything between the retina, and optic nerve to the primary visual cortex in the brain. Further, the healthcare facilities extending their optical care centers and advancing the technologies are garnering market growth.
  • Different types of electrophysiology tests are available there such as electroretinogram, electrooculogram, multifocal VEP, etc. These tests are performed for different applications such as electing mass response from the retina and analyzing the occipital cortex.

Get Recently Updated Report of Market as Sample Copy: https://www.futuremarketinsights.com/reports/sample/rep-gb-5268

Key Takeaways:

  1. The United States market leads the visual electrophysiology industry in terms of market share in North America. The United States region held a market share of 33.4% in 2022. The growth in this region is attributed to rising cases of visual issues, high investments in optical care, and technological advancements in diagnostics. North America region held a market share of 36.1% in 2022.
  2. Germany’s market is another important market in the Europe region. The market held a market share of 5.3% in 2022. The growth is attributed to increased government investments, enhanced public healthcare structures, and increasing retina-based diseases. Europe region held a market share of 25.9% in 2022.
  3. India’s visual electrophysiology industry thrives at a CAGR of 7.1% between 2023 and 2033. The growth is attributed to the government building its health infrastructure and openings of advanced optical care units.
  4. China market also thrives at a CAGR of 8.4% during the forecast period. The flourishing growth is caused by healthcare automation and revised government healthcare structure.
  5. Based on test type, the electroretinogram segment leads the market holding a significant share of 38.80% in 2022.
  6. Based on the modality type, the fixed segment leads the market, holding a notable market share of 65.90% in 2022.

Reach Out To Our Analyst For Prompt Assistance With Your Questions: https://www.futuremarketinsights.com/ask-question/rep-gb-5268

Competitive Scenario:

The key vendors focus on effective diagnostics, coverage of key portions, and vision-related issues. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Latest Innovations in the Market:

Siemens Healthcare GmbH has introduced its syngo electrophysiology guidance that optimized the EP workflow and delivers 3D imaging.

General Electric Company has revised its visual electrophysiology device with reduced noise, signal-filtering capabilities, and more.

Key Players Operating in the Global Market:

  • MetroVision
  • Konan Medical USA
  • Diopsys Inc
  • Nationwide Children’s Hospital
  • The Royal College of Ophthalmologists
  • LKC Technologies Inc.
  • Boston Scientific Corporation
  • Abbott
  • Biosense Webster Inc.
  • Biotronik
  • General Electric Company
  • Siemens Healthcare GmbH
  • MicroPort Scientific Corporation
  • Koninklijke Philips N.V.
  • NIHON KOHDEN CORPORATION
  • CardioFocus
  • Stereotaxis Inc.
  • Molecular Devices LLC

Personalized Experiences Redefined: Our Customization Report Holds the Answers: https://www.futuremarketinsights.com/customization-available/rep-gb-5268

Key Segments Covered:

By Test Type:

  • Electroretinogram (ERG)
  • Multifocal Electroretinogram (mfERG)
  • Electro-Oculogram (EOG)
  • Visual-Evoked Responses (VER)

By Modality:

  • Fixed
  • Portable

By End User:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Imaging Centers

Key Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific Excluding Japan
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Leave a comment

Your email address will not be published. Required fields are marked *