The
ophthalmology PACS market is projected to reach USD 160.2 million by 2023 from
an estimated USD 101.0 million in 2017, at a CAGR of 8.5% during the forecast
period. The base year considered for the study of ophthalmology PACS Industry is
2017 and the forecast period is from 2018 to 2023.
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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
Drivers
Rapid growth in the geriatric population
Over
the years, there has been a significant increase in the geriatric population
and, subsequently, the prevalence of age-related disorders, including a number
of eye disorders. This is a key factor driving the demand for innovative
technologies for the diagnosis and treatment of ophthalmic conditions. The tear
layer loses stability and degrades faster in the elderly; consequently, the
risk of getting severe eye disorders increases significantly with age,
particularly after 60 years. One in three elderly people suffers from some form
of eye diseases and is at risk of severe eye problems. These conditions include
age-related macular degeneration, cataract, low vision, glaucoma, and diabetic
eye disease.
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Rising prevalence of eye diseases
The number of people with major eye
diseases is increasing across the globe, and vision loss is becoming a major
public health concern. The growth in aging population and the increasing
prevalence of chronic disorders such as diabetes and hypertension have also
served to boost the prevalence of eye diseases such as diabetic retinopathy and
ocular hypertension (glaucoma). The number of blind individuals or those
affected with low vision is expected to increase substantially.
According to the Royal National
Institute of Blind People (RNIB), in 2013, around 2 million people in the UK
were living with sight loss, which is expected to increase to 4.1 million by
2050. According to the WHO, an estimated 20 million cataract surgeries were
performed in 2010 across the globe; this is expected to reach 32 million by
2020.
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