Ophthalmology PACS (Picture Archiving and Communication System) Market - Growth, Trends, and Forecast (2020 - 2025)

Ophthalmology PACS (Picture Archiving and Communication System) Market - Growth, Trends, and Forecast (2020 - 2025)

Eye disease is a global health concern that negatively impacts individuals' physical and mental health. The increasing prevalence of eye diseases is increasing the demand for ophthalmic PACS, globally. In many of the developed and developing countries, eye conditions have emerged as potential threats to the eyesight. According to the World Health Organization, in 2018, it was estimated that approximately 1.3 billion people live with some form of vision impairment, and 188.5 million people have a mild vision impairment, 217 million have moderate to severe vision impairment, and 36 million people are blind. Furthermore, as per the Journal of Ophthalmology, diabetic retinopathy is most prevalent in the working-age population globally, and age-related eye diseases are increasing in the older population. More than 80% of the vision impairments are curable and requires proper diagnosis for their treatment. Hence, the rising burden of eye-related disorders is projecting a great impact on the growth of market studied.

Key Market Trends

Integrated PACS Segment is Expected to Show Better Growth in the Forecast Years

Based on Type, it is segmented into Integrated PACS and Standalone PACS. The integration of medical images as part of the patient record has always been a critical component of documentation and information, which support clinical decisions. PACS integration with Radiology Information systems (RIS) ensures improved workflow within the organization, eliminating redundant data entry and data maintenance. Integrated PACS has many benefits, including reliability, reducing the complexity of managing and storing the patient data, and increased accuracy. These PACS can be integrated with EHR systems for providing access to the patient's file with diagnostic data. Thus, increased benefits from the integrated PACS are likely to augment the market during the forecast period.

North America is Expected to Dominate the Market

The Ophthalmology PACS (Picture Archiving and Communication System) market dominates the North America region. The United States is one of the major revenue contributors, owing to an increasing number of ophthalmic patients. According to the CDC, in 2018, an estimated 12 million people of 40 years and older in the United States have vision impairment. Furthermore, the United States has a higher adoption rate toward ophthalmology PACS, due to the rising awareness among healthcare professionals, and the general population, which is likely to further accelerate the market.

Competitive Landscape

The global players into the Ophthalmology PACS (Picture Archiving and Communication System) market are Agfa-Gevaert N.V., Carl Zeiss Meditec AG, Heidelberg Engineering GmbH, IBM Corporation, Medical Standard Co, Ltd., Sonomed Escalon, VersaSuite, and Visbion Limited.

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1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 High Prevalence of Eye Diseases
4.2.2 Increasing Geriatric Population
4.2.3 Expansion of Teleophthalmology
4.3 Market Restraints
4.3.1 High Implementation and Maintenance Costs
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Integrated PACS
5.1.2 Standalone PACS
5.2 By Delivery Model
5.2.1 Cloud-Based Model
5.2.2 On-Premise Model
5.3 By End User
5.3.1 Hospitals & Clinics
5.3.2 Ambulatory Surgical Centers
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle-East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle-East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Agfa-Gevaert N.V.
6.1.2 Carl Zeiss Meditec AG
6.1.3 Heidelberg Engineering GmbH
6.1.4 IBM Corporation
6.1.5 Medical Standard Co, Ltd.
6.1.6 Sonomed Escalon
6.1.7 VersaSuite
6.1.8 Visbion Limited
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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