Global Ophthalmic Packaging Market, By Dose (Multi-Dose, Single-Dose), Material (Glass, Plastic, Others), End Use (OTC, Prescription), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Ophthalmic Packaging Market
The ophthalmic packaging market is expected to witness market growth at a rate of approximately 11.0% in the forecast period of 2021 to 2028, and will reach the value of USD 20,208.49 million by 2028. Data Bridge Market Research report on ophthalmic packaging market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid urbanization globally is escalating the growth of ophthalmic packaging market.
Topically administered drugs are generally used to treat ophthalmic diseases and eye irritations. These products are stored in bottles that consist of a drug dispensing tip that assists in dosing the right amount of that drug. This packaging is done for safeguarding the quality of the drug, ensuring accurate dosing and administration of the drug, maintaining its sterility and reducing product contamination by preventing the drug from coming in contact with the environment around us.
The rise in prevalence of eye disorders across the globe acts as one of the major factors driving the growth of ophthalmic packaging market. The increase in emphasis on the type packaging materials by ophthalmic manufactures owning to the rising importance of protecting the formulation form external environment to keep the efficacy of the drug intact throughout its expiry period accelerate the market growth. The presence of favorable policies across several countries promoting the growth of pharmaceutical industry offer various types of tax benefits and surge in number of ophthalmic healthcare facilities further influence the market. Additionally, breakthrough in new technologies, growth in awareness regarding eye care, change in consumer preference and increase in knowledge about preventive healthcare positively affect the ophthalmic packaging market. Furthermore, development of safer and patient friendly products extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, stagnation of mature markets, and expiration of patents are expected to obstruct the market growth. The presence of strict regulatory guidelines is projected to challenge the ophthalmic packaging market in the forecast period of 2021-2028.
This ophthalmic packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on ophthalmic packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ophthalmic Packaging Market Scope and Market Size
The ophthalmic packaging market is segmented on the basis of dose, material and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of dose, the ophthalmic packaging market is segmented into multi-dose and single-dose.
- On the basis of material, the ophthalmic packaging market is segmented into glass, plastic and others.
- On the basis of end use, the ophthalmic packaging market is segmented into OTC and prescription.
Ophthalmic Packaging Market Country Level Analysis
The ophthalmic packaging market is segmented on the basis of dose, material and end use.
The countries covered in the global ophthalmic packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the ophthalmic packaging market due to the rise in geriatric population, prevalence of eye disorders and presence of stringent regulatory bodies within the region. Asia-Pacific is expected to witness fastest growth during the forecast period of 2021 to 2028 because of the increase in pharmaceutical manufacturing in the region.
The country section of the ophthalmic packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ophthalmic Packaging Market Share Analysis
The ophthalmic packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ophthalmic packaging market.
The major players covered in the ophthalmic packaging market report are Amcor, West Pharmaceutical Services, Inc., Gerresheimer AG, SCHOTT AG, AptarGroup, Inc., Akorn, Inc., Johnson & Johnson Vision, Mitotech, SA, Bausch & Lomb Incorporated, AERIE PHARMACEUTICALS, INC., Novartis AG, Merck Sharp & Dohme Corp., Bayer AG, and F. Hoffmann-La Roche Ltd., ALLERGAN, Santen Pharmaceutical Co., and Teva Pharmaceutical Industries Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.