Ophthalmology PACS (Picture Archiving and Communication System) has revolutionized eye care services providing easy access to digital medical images and reports for improved clinical decision making. Ophthalmology PACS facilitate storage, retrieval and transmission of medical images including X-rays, CT, MRI scans and ophthalmic ultrasound scans through a network. This has ensured timely diagnosis and monitoring of patients remotely. With increasing prevalence of eye disorders such as diabetic retinopathy, age-related macular degeneration and glaucoma, demand for early detection and accurate diagnosis is growing substantially. Adoption of Ophthalmology PACS addresses this need effectively while reducing healthcare costs.

The global Ophthalmology Pacs Market is estimated to be valued at Us$ 213.05 Bn in 2023 and is expected to exhibit a CAGR Of 19.% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rising focus on digitization of healthcare delivery and availability of mobile apps for Ophthalmology PACS are prominent trends propelling market growth. Integration of Artificial Intelligence and cloud computing is allowing automated analysis of ocular images for faster diagnosis. This reduces diagnostic error rates compared to traditional methods. Adoption of AI-based Ophthalmology PACS ensures 24/7 accessibility to retinal screening from remote locations improving access to eye care. Promising applications in tele-ophthalmology, disease monitoring and electronic medical records are expanding Ophthalmology PACS adoption globally. With healthcare moving towards value-based models, Ophthalmology PACS that delivers accurate diagnoses, streamlines workflows and reduces costs will see increased demand.

Porter’s Analysis

Threat of new entrants: The ophthalmology PACS market poses moderate threat to new entrants due to large capital requirements and regulatory processes involved.

Bargaining power of buyers: The bargaining power of buyers is moderate as there are variety of product options available from different providers.

Bargaining power of suppliers: The bargaining power of suppliers is low due to availability of substitute components from different suppliers.

Threat of new substitutes: Threat from new substitutes is low as major players are focusing on innovations to enhance their product features.

Competitive rivalry: The competitive rivalry is high due to presence of established players focusing on new product launches and mergers & acquisitions.

Key Takeaways

The Global Ophthalmology PACS Market Demand is expected to witness high growth during the forecast period. North America is expected to dominate the market owing to increasing adoption of technologically advanced medical imaging solutions and presence of major players in the region.

Regional analysis:

North America is expected to hold largest share in the ophthalmology PACS market. Growing healthcare expenditure and rising geriatric population are major factors driving market growth in the region. Asia Pacific is anticipated to exhibit fastest growth attributed to rising awareness regarding ophthalmology PACS and increasing prevalence of ocular disorders.

Key players:

Key players operating in the ophthalmology PACS market are Walmart, Costco Wholesale Corporation, The Kroger Co., Walgreens Boots Alliance Inc., TESCO PLC, Amazon.com Inc., METRO, Home Depot Product Authority LLC. , Target Brands Inc., Best Buy, nter IKEA Systems B.V, Carrefour SA, eBay Inc. Major players are focusing on new product launches to strengthen their market position.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it