Ophthalmology PACS Market Size Worth $170.96 Million by 2025: Grand View Research, Inc.

Ophthalmology PACS Market Size Worth $170.96 Million by 2025: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, January 15, 2019

SAN FRANCISCO, January 15, 2019 /PRNewswire/ --

The global ophthalmology PACS market size is expected to reach USD 170.96 million by 2025, according to a new report by Grand View Research, Inc. It is projected to witness a CAGR of 6.5% during the forecast period and is driven by rising adoption of Electronic Health Record (EHR) and Electronic Medical Records (EMR) solutions globally. Moreover, rising prevalence of eye diseases, such as cataract, glaucoma, age-related macular degeneration, and diabetic retinopathy, is expected to fuel demand for ophthalmology PACS in near future. The Department of Ophthalmology of National University of Singapore conducted a study in collaboration with National University Health System, Singapore and South Central Asia. According to this study, the number of glaucoma cases diagnosed in 2013 was 17.06 million, which is anticipated to reach around 32.9 million by 2040.

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Product development, geographical expansion and M&A are some sustainability strategies adopted by major companies in this market. For instance, in August 2017, Carl Zeiss Meditec Inc., acquired Veracity Innovations, LLC, a U.S.-based medical software company that delivers cloud-based platforms to maximize clinical performance and work efficiency. These platforms help ophthalmologists in delivering personalized technology-enabled care to their patients. The acquisition is intended to expand the former company's eye care-based digital solutions portfolio. The company is also focusing on expanding the business in Asia Pacific owing to larger patient pool in this region.

Browse full research report with TOC on "Ophthalmology PACS Market Size, Share & Trends Analysis Report By Type (Integrated, Standalone), By End Use (Hospitals, Specialty Clinics), By Delivery Mode (Cloud-based, On-Premise), And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/ophthalmology-picture-archiving-communication-system-pacs-market

Further Key Findings From the Report Suggest: 


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Grand View Research has segmented the global ophthalmology PACS market on the basis of type, delivery mode, end-use, and region: 

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About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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