Ophthalmology PACS or PACS specifically designed for imaging of the eye and ophthalmic procedures help in capturing, storing, managing, archiving, and transmitting clinical images and visual data electronically. Ophthalmology PACS provide advantages such as increased productivity, reduced storage costs, centralized data access across facilities, integrated workflow, and increased collaboration. The need for Ophthalmology PACS arises due to the growing prevalence of eye diseases and disorders worldwide.
The global Ophthalmology Pacs Market is estimated to be valued at Us$ 213.05 Bn in 2023 and is expected to exhibit a CAGR Of 19.% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Technological advancements in ophthalmology equipment have boosted the demand for Ophthalmology PACS. Developments such as artificial intelligence powered analytical tools, cloud-based integration, teleretinal imaging, and mobile apps have made ophthalmology imaging more efficient and streamlined. AI tools are being incorporated in PACS to automate workflow, highlight abnormal findings, and monitor disease progression over time. Cloud-based solutions allow easy sharing of patient records across different geographic locations. Mobile apps provide access to clinical images on smartphones and tablets, enabling point-of-care decision making. Such developments are expected to fuel the growth of Ophthalmology PACS market during the forecast period.
Segment Analysis
The global ophthalmology PACS market can be segmented based on delivery model, end-user, installation base, and component. Based on delivery model, the cloud-based segment currently dominates the market. The cloud-based delivery model does not require upfront capital training and infrastructure cost. It offers increased storage and faster data access. Thus, it is widely adopted by various hospitals and clinics.
Key Takeaways
The Global Ophthalmology PACS Market Demand is expected to witness high growth during the forecast period of 2023 to 2030. The market is projected to reach a value of US$ 213.05 Billion by 2023, growing at a CAGR of 19%.
Regional analysis
North America is expected to dominate the global ophthalmology PACS market during the forecast period. Advanced healthcare infrastructure and early adoption of new technologies drive the North American market. The presence of major players and rapid digitization of hospitals further boost the regional market growth.
Key players
Key players operating in the ophthalmology PACS market are Walmart, Costco Wholesale Corporation, The Kroger Co., Walgreens Boots Alliance Inc., TESCO PLC, Amazon.com Inc., METRO, Home Depot Product Authority LLC. , Target Brands Inc., Best Buy, nter IKEA Systems B.V, Carrefour SA, and eBay Inc. Walmart leads the market with its wide product portfolio and global presence. Costco Wholesale Corporation focuses on strategic partnerships and acquisitions to strengthen its market share.
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Rapid growth in the geriatric population, rising prevalence of eye diseases, limited number of ophthalmologists, government initiatives to encourage the adoption of EHR/EMR, and the increasing adoption of teleophthalmology are the factors driving the growth of the ophthalmology PACS market.The global Ophthalmology PACS (Picture Archiving and Communication System) Market is projected to reach USD 160.2 million by 2023 from an estimated USD 106.6 million in 2018, at a CAGR of 8.5% during the forecast period.Ask for Free PDF Brochure :-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=130879968The integrated PACS segment is expected to dominate the ophthalmology PACS market in 2018.Based on type, the ophthalmology PACS market is segmented into standalone and integrated PACS.
Among these, the integrated PACS segment is expected to command the largest share of the ophthalmology PACS market in 2018.
The advantages associated with the use of integrated PACS, such as ease of deployment and use, easy interoperability, data security, portability, and cost-effectiveness are driving the growth of this segment.Based on delivery model, the web/cloud-based PACS segment is projected to grow at the highest CAGR during the forecast period.Based on delivery model, the ophthalmology PACS market is segmented into on-premise and web/cloud-based models.
The web/cloud-based PACS segment is expected to grow at the highest CAGR during the forecast period.
Maintenance and support service charges are also included in subscription fees, which make these delivery models more affordable for customers.The specialty clinics & ambulatory surgery centers segment is expected to dominate the ophthalmology PACS market in 2018.Based on end user, the ophthalmology PACS market is segmented into hospitals, specialty clinics & ambulatory surgery centers, and other end users.
In 2018, the specialty clinics & ambulatory surgical centers segment is expected to command the largest share of the ophthalmology PACS market.
Further this technology also provides digital transmission of images and which results in baseless date sharing for quick analysis by multiple experts on real time basis.
Eye care or ophthalmology is an area where the images are used extensively and thus PACS finds one of the major serving areas.Demand for ophthalmic imaging solutions is increasing due to an aging population, early disease recognition and increased incidences of visual impairment.
As the number of people impacted by eye diseases grows, it is crucial for practices to define and refine their imaging strategies to better manage patient data, speed the detection of eye conditions, and provide the quality care that patients demand and deserve.The restraints for this market is lack of skilled personals to handle the systems and which is due to the limited penetration of technology.Request For Report Sample: https://www.trendsmarketresearch.com/report/sample/3099The area of impetus thus has to be in regular training so that the ready skilled personals are available for the ophthalmologists.
Ophthalmology PACS Market is segmented on the basis of Type: Integrated PACS, Standalone PACS, Ophthalmology PACS Market; On the basis Delivery Model: On-premise, Web/cloud-based; On the basis of End User: Hospitals.
Specialty Clinics & Ambulatory Surgery Centers, Other End Users (Medical Education Centers, Eye Research Institutes, and Laboratorie; and on the basis of Region.The integrated PACS segment is expected to command the largest share of the ophthalmology PACS market.
Based on end user, the specialty clinics & ambulatory surgical centers segment is expected to command the largest share of the ophthalmology PACS market.Request For Table of Contents: https://www.trendsmarketresearch.com/report/requesttoc/3099Some of the major playes are IBM Corporation (Merge Healthcare) (US), Carl Zeiss Meditec AG (Germany), Topcon Corporation (Japan), Heidelberg Engineering (Germany), Sonomed Escalon (US), Visbion (UK), EyePACS (US), VersaSuite (US), Medical Standard (South Korea), ScImage (US), Agfa-Gevaert Group (Belgium), and Canon USA Inc. (US) are some of the prominent players offering ophthalmology productsReport Description: https://www.trendsmarketresearch.com/report/ophthalmology-picture-archiving-and-communications-systems-marketView More :https://www.trendsmarketresearch.com/reports/category/Healthcare-Pharmaceuticals-and-Medical-DevicesAbout Us:Trends Market Research is one of the leading digital services provider and a result-oriented company based in U.K.. We are a team of enthusiastic-driven individuals with top notch skills in SEO , Market research.
