Retinal Imaging Segment is the largest segment driving the growth...

Retinal Imaging Segment is the largest segment driving the growth of Ophthalmology Pacs Market

Posted 2023-11-13 08:05:40

The ophthalmology Pacs market consists of software solutions that help in managing digital medical images and related data across departments within healthcare facilities. It allows storage, retrieval, distribution, and presentation of images and reports across departments and remote locations. Ophthalmology Pacs also provides tools for image visualization, reporting, billing and referring. The rising prevalence of eye diseases such as cataract, glaucoma and age-related macular degeneration has increased the demand for these solutions from ophthalmology clinics and hospitals for effective diagnosis and treatment.

The growth of the ophthalmology Pacs market is majorly driven by the increasing prevalence of eye diseases and rising geriatric population. As per the data by World Health Organization, globally around 2.2 billion people suffer from vision impairment or blindness, with cataract being the leading cause. Moreover, aging population is more susceptible to eye diseases which is expected to fuel the market growth during the forecast period. Additionally, digitalization of healthcare infrastructure and technological advancements in medical imaging modalities are also supporting the adoption of Pacs solutions across eye care facilities. However, high installation and maintenance cost associated with these solutions especially for small clinics may hamper the market growth.

The global ophthalmology PACS market is expected to witness high growth, exhibiting a CAGR of 5.9% over the forecast period, due to increasing need for centralized digital management and storage of eye imaging data. The market size for ophthalmology PACS is projected to reach US$ 213.05 Bn by 2023.

North America dominates the ophthalmology PACS market currently due to high adoption of digital healthcare infrastructure and imaging modalities in clinical settings. Asia Pacific is expected to exhibit the fastest growth during the forecast period, with countries like China, Japan and India emerging as lucrative markets.

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