Global Ophthalmology PACS (Picture Archiving and Communication System) Market is valued USD 97.3 million in 2016 is anticipated to grow USD 213.1 million with the compounded annual growth of 9.1% over the forecast period 2018-2025.
New York 20 August 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Ophthalmology PACS (Picture Archiving and Communication System) market industry is poised to raise USD 213.1 million by 2025. Increasing number of eye patients, rising geriatric people, lack of ophthalmologists and growing adoption of teleophthalmology are the major factors which are driving the growth in the Global Ophthalmology PACS (Picture Archiving and Communication System) Market. Besides this, utilization of PACS is expensive, any system breakdown can cause images lost and work on PACS requires extra training which hinders the growth of the Global Ophthalmology PACS (Picture Archiving and Communication System) Market. Picture Archiving and Communications System is a network of computers that electronically store and display digital images. It provides storage for multimodality images, incorporates images with patient information, and displays both images and patient information on workstations. Since it stores images electronically, hence it reduces storage cost and provides convenient access to images from multiple systems. Integrated PACS has several advantages as like they are cost-effective, reliable, easy to establish and use, provide data security and so on. The PACS provides; efficient data management, better analysis of an image and transport images if necessary by portable media which saves time for technical and clinical staff, thus saving printing costs and labor that also reduces waiting time for patients. Besides this, increasing aging population and growing age-related eye diseases are the reasons for driving the growth in Ophthalmology PACS market.
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Global Ophthalmology PACS (Picture Archiving and Communication System) Market Size study, by Delivery Model (On-Premise, Web/Cloud-Based), by Type (Integrated PACS, Standalone PACS), by End Use (Specialty Clinics & Ambulatory Surgical Centers, Hospitals) and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Carl Zeiss Meditec AG, Topcon Corporation, Heidelberg Engineering, Sonomed Escalon, Visbion, EyePACS, IBM Corporation (Merge Healthcare), VersaSuite, Medical Standard, ScImage, Agfa-Gevaert Group, Canon Usa, Inc. and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North American region accounted for the significant market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
By Delivery Model:
- On-Premise Model
- Web/Cloud-Based Models
- Integrated PACS
- Standalone PACS
By End Use:
- Specialty Clinics & Ambulatory Surgical Centers (ASCS)
- North America
- Asia Pacific
- Latin America
- Rest of the World