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.
“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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