Ophthalmology PACS, also known as Ophthalmic Picture Archiving and Communication System, is a medical imaging software which facilitates digital storage, access and distribution of ophthalmic images and data. It functions by capturing images from devices like fundus cameras, OCT machines, and Ultrasound devices during eye examinations. Some key features of ophthalmology PACS include image acquisition, biometric calculations, advanced image processing tools like contrast enhancement and measurements, integrated viewing on multiple devices via web application. It aids eye care practitioners in improving workflow efficiency, consultation and follow up studies by enabling access to historical patient records remotely.

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 Dynamics:

Growing adoption of cloud-based web applications is one of the key drivers expected to fuel growth of the ophthalmology PACS market over the forecast period. Cloud-based PACS provide better flexibility, scalability and mobility as images and data can be accessed through computers and mobile devices anytime, anywhere via internet connectivity. This feature has proven highly beneficial for tele-ophthalmology and continuing medical education. Additionally, cloud PACS reduce upfront infrastructure costs and facilitate collaboration between multiple specialities. Growing prevalence of eye disorders such as cataract, diabetic retinopathy and glaucoma has also increased demand for digital record keeping systems like ophthalmology PACS among eye care facilities worldwide.

Segment Analysis

The ophthalmology PACS market is dominated by the standalone segment. The standalone ophthalmology PACS segment accounted for over 80% market share in 2023. Standalone PACS solutions are preferred more as they provide specialized diagnostic tools, workflows and support tailored for eye care applications. Their specialized interfaces and reporting features help ophthalmologists efficiently manage, view, share and store various types of patient eye scans and images.

PEST Analysis

Political: Regulations around data privacy and security are becoming stricter globally which can impact PACS vendors.

Economic: Rising healthcare costs and need for more cost-effective digital tools is driving growth of teleretinal screening and teleophthalmology using PACS.

Social: Aging population and growing incidence of eye diseases is increasing demand for efficient ophthalmic imaging management solutions.

Technological: Adoption of AI, cloud computing and 5G is allowing new telehealth applications for remote diagnosis and treatment monitoring using ophthalmology PACS. Advancements in imaging technologies like OCT are also generating more scans needing storage and analysis.

Key Takeaways

The Global Ophthalmology PACS Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The North America region currently dominates the market due to high adoption of digital healthcare solutions and presence of key players. Factors like reimbursement coverage for telemedicine, partnerships between PACS vendors and imaging device manufacturers and focus on retinopathy screening programs are supporting market growth in the region.

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, IKEA Systems B.V, Carrefour SA, and eBay Inc. Players like Walmart and Costco have large market share due to their vast store network and private label offerings. Walmart in particular has been expanding its online grocery delivery and pickup services rapidly.

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