Ophthalmology PACS Market to Grow with a CAGR of 6.90% Globally through 2028
The rising prevalence of eye disorders, technological
advancements, and increasing demand for digital healthcare solutions is
expected to drive the Global Ophthalmology PACS Market growth in the forecast
period, 2024-2028.
According to TechSci Research report, “Ophthalmology
PACS Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Ophthalmology PACS Market stood at
USD 115.23 million in 2022 and is anticipated to grow with a CAGR of 6.90% in
the forecast period, 2024-2028. This can be attributed to Interoperability and
Collaboration. Ophthalmology PACS solutions facilitate interoperability,
allowing ophthalmologists, optometrists, and other healthcare professionals to
collaborate effectively. In an age of team-based care, the ability to share
images and patient data across different specialties is essential for
comprehensive and coordinated healthcare delivery. Furthermore, patient engagement is an emerging trend
in healthcare, and ophthalmology is no exception. Ophthalmology PACS systems
are evolving to provide patient portals that allow individuals to access their
eye images and medical records. This engagement empowers patients to take an
active role in their eye care and better understand their conditions and
treatment plans.
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The market is experiencing growth driven by several
key factors. Firstly, the increasing adoption of teleophthalmology solutions is
on the rise due to the shortage of skilled ophthalmologists and optometrists.
Additionally, the Information Technology (IT) sector's significant expansion
and its growing influence on ophthalmology practices are expected to be major
drivers of industry growth.
Furthermore, the market is set to benefit from the high
prevalence of diabetes and related eye diseases, such as Diabetic Macular Edema
(DME), diabetic retinopathy, cataracts, and glaucoma. For instance, a study
conducted by the Centers for Disease Control and Prevention (CDC) in June 2022
revealed that 37.3 million Americans, constituting approximately 11.3% of the
total population, have diabetes.
The increasing burden of ophthalmic diseases,
substantial unmet medical needs in emerging economies, and increased healthcare
expenditure, both from the public and private sectors, dedicated to enhancing
vision care practices are expected to further boost demand. Moreover, the
growing requirement for early and precise detection methods is anticipated to
drive market growth in the coming years.
Electronic Health Record (EHR) and Electronic Medical
Record (EMR) systems offer comprehensive and accurate information to healthcare
service providers, contributing to improved diagnoses and a reduction in
medical errors. Consequently, government organizations' initiatives to promote
EHR and EMR adoption are expected to further encourage the utilization of
ophthalmic picture archiving and communication systems (PACS).
The Global Ophthalmology PACS Market is segmented into
type, mode of action, end-use, regional distribution, and company.
Based on its type, the integrated systems sector
dominated in terms of revenue share in 2022 and is projected to exhibit the
highest CAGR throughout the forecast period. These systems seamlessly integrate
clinical applications, encompassing data integration, functional integration,
context integration, and presentation integration. Consequently, they empower
healthcare professionals to access and evaluate patient reports and diagnostic
outcomes from anywhere, at any time. The evolution of technology and product
enhancements in this domain will further propel its growth. For example, in
November 2015, Heidelberg Engineering introduced the SPECTRALIS glaucoma and
retina imaging platform, and Topcon Healthcare launched Aladdin-M in the U.S.
in August 2020. Aladdin-M combines corneal topography, optical biometry, and
pupillometry, offering user-friendly features and contributing to the global
fight against myopia. The introduction of such innovative products is expected
to contribute to the expansion of the market.
Based on end-use, the hospitals sector emerged as the
market leader in 2022 and is projected to exhibit rapid growth in the forecast
period. This growth is primarily attributed to government initiatives aimed at
promoting the adoption of systems within hospitals in both developed and
developing economies. According to The Office of National Coordinator for
Health Information Technology (ONC), approximately 78% of office-based
physicians and 96% of non-federal acute care hospitals have embraced certified
Electronic Health Records (EHR).
Furthermore, the introduction of new products and the
execution of mergers and acquisitions within the market are expected to provide
additional momentum for market expansion. In July 2021, Topcon Corporation
announced its acquisition of VISIA Imaging S.r.l, with the objective of
enhancing synergies between the two companies to create superior ophthalmic
solutions. This move involves expanding and reinforcing Topcon Corporation's
product portfolio.
Major companies operating in Global Ophthalmology
PACS Market are:
- Carl Zeiss Meditec AG
- Topcon Corp
- Heidelberg Engineering GmbH
- Sonomed Escalon
- Visbion Ltd
- Eyepacs LLC
- VersaSuite
- Merge Healthcare Inc
- ScImage Inc
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“The Global Ophthalmology PACS Market is undergoing a
period of remarkable change, with several key trends shaping its future. The
integration of AI, the expansion of teleophthalmology, cloud-based solutions,
and enhanced imaging technologies are poised to revolutionize the field of eye
care. Ensuring data interoperability, patient engagement, and regulatory
compliance is also essential. As the Ophthalmology PACS Market continues to
evolve, it will play a pivotal role in delivering high-quality eye care and
improving patient outcomes on a global scale,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Global Ophthalmology PACS Market By Type
(Standalone PACS, Integrated PACS), By Mode of Action (On-premise system,
Cloud-based system), By End-use (Hospitals, Specialty clinics, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Ophthalmology PACS Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Ophthalmology PACS Market.
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