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.
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.
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.
Research Methodology:
The market study of the global ophthalmology PACS market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
- Financial reports of companies involved in the market
- Authentic public databases
- Whitepapers, research-papers and news blogs
- Company websites and their product catalog
The report is intended to healthcare institutions (hospitals, specialty clinics, laboratories, and medical schools), EHR/EMR vendors, healthcare IT companies, research institutes, government associations, for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
- Global Ophthalmology PACS Market Research and Analysis by Type
- Global Ophthalmology PACS Market Research and Analysis by Delivery Model
The Report Covers:
- Comprehensive research methodology of the global ophthalmology PACS market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Insights about market determinants which are stimulating the global ophthalmology PACS market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players
