Market Research Report
Global Ophthalmology PACS (Picture Archiving and Communication System) Market - Segmented by Type (Integrated PACS, Standalone PACS), By Delivery Model, By End User, and Geography - Growth, Trends, and Forecast (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||708590|
|Published||Content info||116 Pages
Delivery time: 2-3 business days
|Global Ophthalmology PACS (Picture Archiving and Communication System) Market - Segmented by Type (Integrated PACS, Standalone PACS), By Delivery Model, By End User, and Geography - Growth, Trends, and Forecast (2018 - 2023)|
|Published: September 1, 2018||Content info: 116 Pages||
The Global Ophthalmology PACS (Picture Archiving and Communication System) Market is expected to register a CAGR of nearly 8.2% during 2018-2023 (the forecast period). Ophthalmology PACS are used in the efficient management of image data eliminating the physical constraints associated with communication of radiologic image data on film.
Eye diseases that cause visual impairment is a global health concern that negatively impacts inviduals physical and mental health. This is due to increasing life expectancy and aging population. Cataract followed by age related macular degeneration (AMD), glaucoma, and diabetic retinopathy are the prevalent eye diseases around the world. As per American academy of ophthalmology, Americans with age 40 and older are affected with Cataracts (24.4 million), Glaucoma (2.7 million), and AMD (2.1 million). As per global blindness and visual impairment data 2015, 89% of visually impaired population reside in low and middle income countries. In India with increasing diabetic population there is a increase in diabetic retinopathy cases mostly in rural India due to unavailability of ophthalmologists. According to Journal of Ophthalmology, Diabetic retinopathy is most prevalent in working age population globally and age-related eye diseases are increasing in older population. All the above factors are expected to contribute to the growth of Ophthalmology PACS (Picture Archiving and Communication System) market in the forecast period. Other factor which is driving the Ophthalmology PACS Market growth is expansion of teleophthalmology
The cost of PACS involve initial acquisition, implementation, and ongoing maintenance of the system. The acquisition costs include mass storage devices and related software, digital acquisition devices and communications networks. The implementation cost involve the training of personnel to PACS and integration its integration. To minimize the hardware costs multiple software applications installations are done on same computer which may interfere with primary software of PACS. Vendor and IT support costs are incurred throughout the product life cycle and whenever new upgradation is needed. The above factors may hinder the growth of Ophthalmology PACS market in the forecast period. The US Lead the Market in North America Region
According to the statistics presented by the National Eye Institute of NIH, it is estimated that around 139 billion USD is spent on the eye disorders annually in the United States. This data indicates the higher burden of eye diseases on the country. National Eye Institute, after studying the trends and epidemiology of eye diseases, have concluded that by the year 2030, around 2.2 million people in the country will be suffering from vision abnormalities. This rising prevalence of eye disorders is making it compulsive for the ophthalmologists to inculcate novel methods of the treatment. The country has a higher rate of adoption towards ophthalmology PACS due to the rising awareness about the same in healthcare professionals as well as the general population. Owing to the above-mentioned factors, the ophthalmology PACS market in the United States is believed to grow in the forecast period with a healthy growth rate.
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