The global ophthalmology PACS market is expected to witness considerable CAGR during the forecast period. PACS refers to picture archiving and communication system, a medical imaging technology which is used to store, retrieve, present and transmit images and reports. Ophthalmology PACS is used to manage the image data and eliminates the need to manually file, store and retrieve information. The factors driving the growth of the market include increasing geriatric population and rising prevalence of eye diseases such as glaucoma, cataract, age-related macular degeneration, and diabetic retinopathy. Moreover, government initiatives to encourage the adoption of EHR (electronic health record) and EMR (electronic medical record) are expected to drive the growth of the market. However, high implementation and maintenance costs are expected to limit the growth of the market.
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The market is segmented on the basis of type and delivery model. On the basis of type, the market is segmented into standalone PACS and integrated PACS. On the basis of the delivery model, the market is classified into on-premise and cloud-based. The cloud-based segmented is expected to have high growth rate owing to features such as privacy and security, interoperability and performance. Moreover, cloud-based PACS do not require any major setup charges and are more affordable options for customers.
Geographically, the global ophthalmology PACS market is segmented on the basis of regions that include North-America, Europe, Asia-Pacific, and Rest of the World (RoW). Europe is expected to have a significant share in the market owing to the presence of well-developed healthcare infrastructure and the presence of major market players. Also, increasing ophthalmic diseases and healthcare expenditure are further expected to fuel the growth in the region. Moreover, Asia-Pacific is expected to be the growing region due to high budget for improving healthcare and reducing the disease burden. Furthermore, government initiatives are encouraging the use of EHR and EMR which will further help the growth of the market. Also, advancements made in artificial intelligence (AI) software are to provide growth opportunities to the region.
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Some of the key players in the market are Carl Zeiss Meditec AG, Topcon Corp., IBM Watson Health, Sonomed Escalon, Heidelberg Engineering GmbH, EyePACS, LLC. These companies are focused on merger & acquisition to deliver innovative products and further expand their business. For instance, Topcon Corp. acquired KIDE Clinical Systems Oy, which enabled the company to enhance its product segment by adding the cloud-based solution to its product portfolio. Also, the company launched a new product in 2016, IMAGEnet Connect.
Global Ophthalmology PACS Market- Segmentation
By Type
- Integrated PACS
- Standalone PACS
By Delivery Model
- On-Premise
- Cloud-Based
Global Ophthalmology PACS Market- Regions
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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