The global ophthalmology EMR software market is anticipated to witness growth over the forecast period. Increasing the incidence of visual impairment globally, number of ophthalmology medical records and the need to manage those records is primarily driving the market growth. In addition, growing digitization in healthcare, government organizations taking initiatives to encourage the adoption of ophthalmology electronic medical record (EMR) is driving the market growth. Moreover, significant growth in healthcare information technology (IT) and its rising impact on ophthalmology practices are anticipated to drive the market. However, the high cost of these software products, lack of skilled healthcare IT professionals especially ophthalmologists and optometrists in emerging countries are expected to restrain the market growth.
Based on the type, the ophthalmology EMR software market is bifurcated into on-premise and cloud-based. The growth of this segment can be attributed to associated benefits such as cloud-based systems provides flexibility to the physicians for retrieving medical data at any point of time. Thus, healthcare providers worldwide are adopting this software and solutions for distributing images, imaging studies, delivering reports, providing redundant data storage. Companies are also involved in new product launch and acquisition to deliver novel product line. For instance, in April 2018, Topcon Healthcare Solutions acquired KIDE Systems. Through this acquisition, Topcon tallied a cloud-based ophthalmic solution expanding its product portfolio.
Based on the application, the ophthalmology electronic health record (EHR) market is classified as large enterprises, small and medium-sized enterprises. Increasing awareness related to ophthalmology EMR software among healthcare providers resulting in increased adoption, rising focus on providing quality of patient care through these services is anticipated to drive the market growth over the forecast period.
North America held the dominant regional share. The growth in this region can also be attributed to government initiatives supporting the adoption of ophthalmology EMR software, increasing prevalence of visual impairment in this region, For instance, According to the statistics of Eye Disease in America 2020, astigmatism occurs in about 1 out of every 3 people in the U.S. Moreover, farsightedness occurs in about 8.4% of the population and nearsightedness occurs in about 23.9 % of the population over 40 years old. The increasing prevalence will result in increased hospitalization resulting in an incremental rise in ophthalmology records, ultimately driving the market growth. However, Asia Pacific is likely to experience rapid growth over the forecast period due to untapped opportunities, increasing ophthalmology disorders in the geriatric population and rising disposable income are expected to drive the growth of ophthalmology EMR market.
The major players in the ophthalmology EMR software market include Kareo, AdvancedMD, athenahealth, DrChrono, Modernizing Medicine, Revolution EHR, Advanced Data Systems, Compulink Medsphere Systems Corporation (ChartLogic), Compu Group Medical (CGM), Waystar Health, WRS Health. These players are involved in new product launch, strategic collaborations, and regional expansion. For instance, Eli health EMR Company introduced Netram Ophthalmology EMR in 2017 and it is being extensively used by clients in India. This is an HL7, HIPAA and ICD-10 code-compliant and also NABH-compliant software for ophthalmology in India.
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