Ophthalmology PACS Market by Type and Geography - Forecast and Analysis 2020-2024

The ophthalmology PACS market size has the potential to grow by USD 59.9 million during 2020-2024. The market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

This ophthalmology PACS market research report analyzes the market’s competitive landscape and offers information on several market vendors, including Agfa-Gevaert NV, Carestream Health Inc., Carl Zeiss AG, EyePACS LLC, FUJIFILM Holdings Corp., INFINITT Healthcare Ltd., International Business Machines Corp., Mach7 Technologies Ltd., Topcon Corp., and Visbion Ltd. Also, the report provides a detailed analysis of the market by type (on-premise PACS and web/cloud-based PACS) and geography (Asia, Europe, North America, and ROW).

Statistical Analysis of Ophthalmology PACS Market

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Market Competitive Analysis

The ophthalmology PACS market is fragmented, and the degree of fragmentation will remain the same over the forecast period. Mach7 Technologies Ltd., Topcon Corp., and Visbion Ltd. are a few of the significant market participants. Factors such as the surging demand for telehealth and mHealth solutions will create immense business opportunities for market vendors. However, challenges such as the barriers to adopting new healthcare technologies will impede the growth of the vendors. To boost the ophthalmology PACS market demand, vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

This ophthalmology PACS market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of the companies which will help clients improve their market positions. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. This report also includes information on the upcoming ophthalmology PACS market trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

This ophthalmology PACS market analysis report provides information on the production, sustainability, and prospects of several leading ophthalmology PACS companies, including:

• Agfa-Gevaert NV
• Carestream Health Inc.
• Carl Zeiss AG
• EyePACS LLC
• FUJIFILM Holdings Corp.
• INFINITT Healthcare Ltd.
• International Business Machines Corp.
• Mach7 Technologies Ltd.
• Topcon Corp.
• Visbion Ltd.

Ophthalmology PACS Market: Segmentation by Region

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North America is one of the largest markets for ophthalmology PACS and the region will offer several growth opportunities to market vendors during the forecast period. The rising risk factors, such as the growing incidence of diabetes and the increasing geriatric population of vision loss, are primarily increasing the sales of ophthalmology PACS in the region. By 2020, the number of people with eye conditions and related vision loss is expected to increase by over 50%, which is expected to contribute to the global ophthalmology PACS market size growth over the forecast period.

Almost 43% of the overall market’s growth will originate from North America during the forecast period. The presence of favorable reimbursement policies is also driving the growth of the ophthalmology PACS market size in the region. The US is one of the critical markets for ophthalmology PACS market in the region. However, market growth in this region will be slower than the growth of the market in Asia.

Ophthalmology PACS Market: Segmentation by Type

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On-premise PACS are more secure compared with the cloud-based model. Furthermore, on-premise PACS is customizable. As a result, the demand for on-premise ophthalmology PACS is increasing. Therefore, the ophthalmology PACS market size is expected to record substantial growth during the forecast period.

The growth rate of the on-premise PACS market segment is expected to be slower compared with the other segment over the forecast period. This report provides an accurate prediction of the contribution of all the ophthalmology PACS market segmentation.

Ophthalmology PACS Market Dynamics

The disruptive healthcare technology trends have given rise to telehealth and mHealth solutions. The need for patient-centric healthcare solutions, the rising penetration of mobile platforms, and the growing use of connected medical devices are increasing the demand for mHealth solutions. The vendors of mHealth solutions are further focusing on improving their products with the integration of advanced features such as ophthalmology PACS. This development is proven to bring about enhanced ophthalmologic outcomes in patients, along with increased efficiency and reduced cost. As a result, market vendors are recording increased sales.

On the other hand, the extensive adoption of EHRs and electronic medical records (EMRs) is favoring the growth of the telehealth market across the world. Telemedicine/telehealth solutions, integrated with ophthalmology PACS, can ease communication between healthcare providers and patients. As a result, the sales of ophthalmology PACS have increased, contributing to ophthalmology PACS market growth.

• The increasing number of smart hospitals is one of the significant ophthalmology PACS market trends.
• The requirement for hospitals to improve patient care and efficiency and the available healthcare technologies have given rise to smart hospitals.
• Smart hospitals are increasingly adopting advanced healthcare technologies primarily to promote high-end patient care.
• Keeping the market in focus, healthcare technologies such as cloud computing services, artificial intelligence (AI), and telemedicine are increasingly being integrated with PACS.
• The demand for cloud PACS is increasing as it helps in both time and cost-saving.
• Furthermore, AI-enabled PACS has the potential of maximizing the capabilities of radiologists and ophthalmologists and supports their role in the diagnosis of ophthalmological conditions.
• The above factors will increase the sales of advanced ophthalmology PACS. 
• As a result, the ophthalmology PACS market size will grow at a CAGR of almost 9% during 2020-2024.

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Key Highlights of the Ophthalmology PACS Market Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will accelerate the ophthalmology PACS market growth during the next five years
• Precise estimation of the ophthalmology PACS market size and its contribution to the parent market
• Ophthalmology PACS market facts & figures and accurate predictions on upcoming trends and changes in consumer behavior
• Estimation of potential opportunity for ophthalmology PACS market by type and geographic segments
• Identification of key countries across Asia, Europe, North America, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of ophthalmology PACS vendors

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