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(Medical-NewsWire.com, December 31, 2018 ) Get Free Market Updates Now at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1601585 .
Ophthalmology PACS market is projected to reach USD 160.2 million by 2023 from an estimated USD 106.6 million in 2018, at a CAGR of 8.5% during forecast period. Growth of ophthalmology market is driven by rapid growth in geriatric population, rising prevalence of eye diseases, limited number of ophthalmologists, government initiatives to encourage the adoption of EHR/EMR, & increasing adoption of teleophthalmology.
Growth in Ophthalmology PACS market is mainly driven by the rapid growth in the geriatric population, rising prevalence of eye diseases, limited number of ophthalmologists, government initiatives to encourage the adoption of EHR/EMR, and the increasing adoption of teleophthalmology.
The study estimates the ophthalmology PACS market size for 2018 and projects its demand till 2023. In the primary research process, various sources from both demand side and supply side were interviewed to obtain qualitative and quantitative information for the report.
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Increasing ophthalmic disease burden, high unmet medical needs in emerging economies, and increased public and private healthcare expenditure to improve the vision care practices will further fuel the demand. Moreover, rising demand for early and accurate detection methods is expected to propel the market growth in coming years.
Ophthalmology PACS market is segmented into standalone and integrated PACS. The integrated PACS segment is expected to command the largest share of the ophthalmology PACS market in 2018. Integrated PACS offer advantages like ease of deployment and use, easy interoperability, data security, portability, and cost-effectiveness.
Asia Pacific is expected to be the fastest-growing region over the forecast period. The healthcare sector in this region is expected to witness lucrative growth owing to high budget allocation to improve healthcare outcomes, reduce disease burden, and to address the high unmet clinical needs. Moreover, government initiatives encouraging the usage of EHR and EMR will further fuel the market growth.
More Information “Ophthalmology PACS (Picture Archiving and Communication System) Market by Type (Standalone, Integrated), Delivery (On-premise, Cloud), End User (Hospitals, Specialty Clinic, ASC), Region (North America (US, Canada) Europe, Asia) - Global Forecast to 2023” report at https://www.prnewswire.com/news-releases/ophthalmology-pacs-market-to-soar-at-8-5-cagr-to-reach-us-160-2-mn-by-2023-driven-by-north-america-and-europe-834916671.html .
North America is expected to account for the largest share of the market followed by Europe. However, Asia is expected to grow at the highest CAGR during the forecast period. The high growth of this regional segment is attributed to the increasing demand for diagnostic imaging procedures, growing medical tourism, increasing geriatric population and incidence of age-related eye diseases, growing awareness on healthcare services, rising healthcare expenditure, and developing healthcare infrastructure.
The Objectives of this Study are as follows: • To define, describe, and forecast the ophthalmology PACS market by type, delivery model, end user, and region • To provide detailed information about the factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges) • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market • To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players • To forecast the market size of market segments in North America, Europe, Asia, Pacific countries, and the Rest of the World (RoW) • To profile key players and comprehensively analyze their product portfolios, market positions, and core competencies3 • To track and analyze competitive developments such as partnerships, agreements, and collaborations; mergers & acquisitions; product launches and enhancements; and expansions in the ophthalmology PACS market
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