Picture Archiving and Communication System (PACS), is a medical technology used in the field of ophthalmology, primarily in the healthcare organizations to securely store and digitally transmit electronic images and clinically relevant reports. The use of PACS omits the need to manually file and store, retrieve and send sensitive information, films and reports. The system acts as a computer network for digitized radiological images and reports. Current trends in PACS has shifted from standalone systems to enterprise imaging systems that integrate only radiology as well as all the departments that generate imaging and image related reports to centralized them in one location and integrated into the over-arching electronic medical record (EMR). The government initiatives encouraging the usage of EHR and EMR will further fuel the ophthalmology PACS market growth. For instance, ‘Electronic Health Records Standards and Guidelines’ set by the Indian government and The Digital India Healthcare’ initiatives have uplifted the adoption of EHR in the country.
Ophthalmology PACS Market Drivers
- Growth of the ophthalmology PACS market is mainly driven by the rapid growth in the eye disorder coupled with the growing geriatric populace. For instance, according to a study conducted by the National Institutes of Health (NIH), in 2014, the annual economic burden of eye disease, vision loss, and other disorders was around USD 139 billion in U.S.
- The growing prevalence of chronic disorders such as diabetes and hypertension have also served to boost the prevalence of eye diseases such as diabetic retinopathy and ocular hypertension (glaucoma). The number of blind individuals or those affected with low vision is expected to increase substantially. For instance, the development of proliferative diabetic retinopathy is multi-fold in patients aged above 65 years with a history of diabetes. Hence expanding geriatric population size is also attributed to the growth of the ophthalmology PACS market.
- Government initiatives to promote the adoption of EHR/EMR, inadequate number of ophthalmologists coupled with the increasing adoption of teleophthalmology are the factors that will boost the growth of the market
- Substantial expansion in Information Technology (IT) and its increasing impact on the ophthalmology practices is also expected to drive the market
Ophthalmology PACS Market Challenges
- High implementation and maintenance costs are anticipated to hinder the market growth over the forecast period.
- Poor compatibility with informatics standards may also challenge market growth to a certain extent
Ophthalmology PACS Market Segmental Overview
The ophthalmology PACS report is analysed based on delivery mode, type, end user and geography
- By delivery mode, ophthalmology PACS market is categorized into web/cloud-based models and on-premise model. delivery mode, ophthalmology PACS market is categorized into web/cloud-based models and on-premise model. The cloud-based system model is gaining interesting among physicians and they adapting these systems for distributing images, delivering reports, imaging studies, providing redundant data storage.
- Based on type, the ophthalmology PACS market is categorized into standalone and integrated PACS. Integrated systems are observed to be the most widely used type of the ophthalmology PACS. Integrated systems assimilate clinical applications, such as functional integration, data integration, context integration, and presentation integration. As a result, the systems used with diagnostic device offers an access to physicians to review the patient reports and diagnosis outcomes from anywhere and anytime
- By end user, the ophthalmology PACS market is categorized into hospitals, ophthalmology clinics etc. The increasing patient pool for the diagnosis and treatment of cataracts in specialty clinics & ASCs due to cost-effective treatments is expected to boost the growth of the ophthalmology PACS market
- Ophthalmology PACS Market is studied across numerous countries of key regions including, North America, Europe, APAC and Rest of the world. North America is anticipated to hold the maximum revenue share of the Ophthalmology PACS market. The presence of well-developed healthcare infrastructure, government funding, and high public and private expenditure in healthcare sector. Coupled with the growing ophthalmic disease burden and strategic presence of key market players in the U.S. and Canada are the factors anticipated to the boost the growth of the market.
Ophthalmology PACS Market Key Players
The ophthalmology PACS market is marked by the presence of several big and small players. Prominent players offering ophthalmology PACS products include Carl Zeiss Meditec AG, Topcon Corporation, Heidelberg Engineering, Sonomed Escalon, Visbion, EyePACS, and IBM Corporation (Merge Healthcare) among others.
The ophthalmology PACS report is analysed based on delivery mode, type, end user and geography. By delivery mode, ophthalmology PACS market is categorized into web/cloud-based models and on-premise model. By end user, the ophthalmology PACS market is categorized into hospitals, ophthalmology clinics etc. Ophthalmology PACS Market is studied across numerous countries of key regions including, North America, Europe, APAC and Rest of the world.
The ophthalmology PACS market is marked by the presence of several big and small players. Prominent players offering ophthalmology PACS products include Carl Zeiss Meditec AG, Topcon Corporation, Heidelberg Engineering, Sonomed Escalon, Visbion, EyePACS, and IBM Corporation (Merge Healthcare) among others.
Why to buy this report:
- The report offers changing market dynamics in the ophthalmology PACS market, presenting historical, current and projected market size in terms of value (USD million)
- The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of ophthalmology PACS market
- It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on of ophthalmology PACS market performance
- The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of ophthalmology PACS market
