Global Ophthalmic Packaging Market- WishTree Insight

Global Ophthalmic Packaging Market by Material (Plastic, Glass, Others), Dose (Single Dose and Multi Dose), Type (Prescription and OTC), and Regions, (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Ophthalmic Packaging market size was valued at USD 6 billion in 2022 and is expected to surpass USD 20 billion by 2032, expanding at a CAGR of 11.9 % during the forecast period, 2022–2032. The market's growth is attributed to the growth in e-commerce and the increasing prevalence of eye disorders.

INTRODUCTION

Ophthalmic packaging refers to the specialized packaging used for products related to eye care and ophthalmology. This type of packaging is designed to protect and preserve ophthalmic products, such as eye drops, contact lenses, eye ointments, and other related items. The packaging is specifically designed to maintain the integrity, safety, and sterility of these products until they are used by the consumer. Manufacturers of ophthalmic products typically work closely with packaging experts and regulatory authorities to develop appropriate packaging solutions that meet the specific needs of their products.

Ophthalmic products require a high level of sterility to prevent contamination and maintain their efficacy. Many ophthalmic products, such as eye drops or certain medications, are sensitive to light. Packaging may incorporate light-blocking materials or dark-colored containers to protect the product from degradation caused by exposure to light. Ophthalmic packaging often includes tamper-evident seals or features to provide reassurance to consumers that the product has not been tampered with or used before purchase. Some ophthalmic products, such as eye drops, require precise dosage control.

Market Trends, Drivers, Restraints, and Opportunities

• The increasing prevalence of eye disorders is anticipated to propel the market.
• The rising focus on sustainability and environmental conservation is anticipated a big challenge for the packaging market.
• The increasing demand for e-commerce platforms for purchasing healthcare products is expected to create new opportunities for the market.

Scope of the Report

Market Segment Insights

The plastic segment is projected to register a considerable CAGR

Based on material, the ophthalmic packaging market is divided into plastic, glass, and others. The plastic segment is expected to expand rapidly during the forecast period owing to its wide use in ophthalmic packaging due to its cost-effectiveness, versatility, durability, and ease of customization.

The multi-dose segment is expected to expand at a rapid pace

Based on dose, the ophthalmic packaging market is divided into single-dose and multi-dose. The multi-dose segment is expected to expand rapidly during the forecast period.

The prescription segment is projected to capture the largest revenue share

On the basis of type, the ophthalmic packaging market is segregated into prescription and OTC. The prescription segment is projected to register a considerable CAGR during the forecast period due to the high prevalence of eye diseases and the expanding number of hospitals, ophthalmic clinics, and other care facilities. On the other hand, the OTC (over-the-counter) drug segment is anticipated to account for a steady market share during the forecast period owing to the people who utilize the OTC drug for ocular ailments.

North America is anticipated to constitute a key market share of more than 36%

In terms of regions, the ophthalmic packaging market is classified as APAC, Europe, North America, and LAMEA. The market of North America is expected to constitute a key share of the market during the projected period owing to the increasing prevalence of eye disorders, aging population, robust healthcare infrastructure, and technological advancements in ophthalmic products. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to the rising healthcare expenditure, increasing prevalence of eye disorders, improving access to healthcare services, and large population base.

Competitive Landscape

Key players competing in the Ophthalmic Packaging market are Gerresheimer AG; Novartis AG; Amcor; Bayer AG; Johnson & Johnson Vision; Akorn, Inc.

FAQs

How much is the market worth?

The Ophthalmic Packaging market size was valued at USD 6 billion in 2022 and is expected to surpass USD 20 billion by 2032.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 11.9%.

What are the key drivers of the market?

The market's growth is attributed to the growth in e-commerce and the increasing prevalence of eye disorders.

What segments are covered in the Ophthalmic Packaging report?

The segments covered in the report are Material (Plastic, Glass, Others), Dose (Single Dose and Multi Dose), and Type (Prescription and OTC).

Mention which region is expected to hold the highest share of the Ophthalmic Packaging market.

The North American region is expected to hold the highest share of the Ophthalmic Packaging market.

Mention the key players in the market.

Gerresheimer AG; Novartis AG; Amcor; Bayer AG; Johnson & Johnson Vision; Akorn, Inc.