Global Ophthalmic Packaging Market -Market Size, Share & Industry Trends, Growth Analysis Report by Product Type, By Consumption and Forecast 2022 – 2032
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.
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
Scope of the Report
|Report Title||Global Ophthalmic Packaging Market|
|Segmentation||Material (Plastic, Glass, Others), Dose (Single Dose and Multi Dose), Type (Prescription and OTC)|
|Regional Scope||APAC, Europe, North America, and LAMEA|
|Key Players Covered in the Report||Gerresheimer AG; Novartis AG; Amcor; Bayer AG; Johnson & Johnson Vision; Akorn, Inc.|
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.
Key players competing in the Ophthalmic Packaging market are Gerresheimer AG; Novartis AG; Amcor; Bayer AG; Johnson & Johnson Vision; Akorn, Inc.
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.
1 INTRODUCTION TO GLOBAL OPHTHALMIC PACKAGING MARKET
1.1 Overview of the Market
1.2 Scope of Report
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF WISH TREE INSIGHTS
3.1 Data Mining
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL OPHTHALMIC PACKAGING MARKET OUTLOOK
4.2 Market Dynamics
4.3 Value Chain Analysis
5 GLOBAL OPHTHALMIC PACKAGING MARKET, BY MATERIAL
6 GLOBAL OPHTHALMIC PACKAGING MARKET, DOSE
6.2 Single Dose
6.3 Multi Dose
7 GLOBAL OPHTHALMIC PACKAGING MARKET, BY TYPE
8 GLOBAL OPHTHALMIC PACKAGING MARKET, BY GEOGRAPHY
8.2 North America
8.3.4 Rest of Europe
8.4.4 Rest of Asia Pacific
8.5 Rest of the World (LAMEA)
8.5.1 Latin America
8.5.2 The Middle East & Africa
9 GLOBAL OPHTHALMIC PACKAGING MARKET COMPETITIVE LANDSCAPE
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Gerresheimer AG
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Novartis AG
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Bayer AG
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Johnson & Johnson Vision
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Akorn, Inc.
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
11.1 Related Research
WishTree Insights uses recent research tools and provides accurate data to the clients. Our expert team delivers the perfect research report that generates revenue and recommendations.
By using the Bottom-Up and Top-Down methods we carry out extensive research. Our focus is on the following parameters:
Our expertise uses primary research with Key for validating the market forecasts:
Ask for Research To Be Focused On Specific Regions or Segments
Receive Data As Per Your Format and Definition
Companies Profiled based on Your Requirements
Breaking Down Competitive Landscape as per Your Requirements
Any Level of Customization