Ophthalmic Packaging Market Size Growth $13.9 Billion By 2025 | Grand View Research Inc.

Posted on 2019-06-14 by researchinsights in Healthcare, Pharmaceuticals // 0 Comments

San Francisco, United States, 2019-Jun-14 — /EPR Network/ —

The global ophthalmic packaging market size is expected to reach USD 13.9 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 10.2% during the forecast period. Ophthalmic packaging has been garnering increasing attention due to growing emphasis on the packaging and safety of pharmaceutical products.

Emerging economies, such as China, India, and Brazil are providing an excellent opportunity and a huge market potential in the global ophthalmic packaging market. Evolving healthcare infrastructure in the aforementioned economies is projected to further fuel growth. However, one-size-fits-all approach cannot be adopted for emerging markets. Even among the three main clusters of markets – the Brazil, Russia, India, China, Mexico, and Turkey (BRICMT) and the second-tier countries in Southeast Asia; and Africa – there are local idiosyncrasies that make bespoke approaches to these markets essential.

A more collaborative environment among ophthalmic packaging manufacturers, government regulators, and payers is expected to boost the market growth in the region. The national regulations that hold down prices and profits and result in market fragmentation are anticipated to differentiate the strengths of European research-based industry and its American counterparts-in not just the ophthalmic sector but also the entire pharmaceutical sector.

The growth is directly equated with the rise in adoption of ophthalmic drugs. Proper packaging of ophthalmic products plays an important role in preventing counterfeiting activity. Efforts to prevent counterfeit and to improve shelf life are anticipated to create growth opportunities for the key players during the forecast period.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/ophthalmic-packaging-market

Further key findings from the report suggest:

Multi-dose is anticipated to continue leading the dose segment during the forecast period attributed to growing preference for multi-dose products
Prescription products held the largest market share in 2017 owing to their increasing use and advanced drug delivery mechanisms
Based on type of material, plastics was estimated to be the largest segment in 2017 due to several advantages over glass such as reduced cost and convenience of usage
North America held the largest market share in 2017 owing to rising incidence of eye disorders, favorable government policies, and growing geriatric population
Asia Pacific is expected to post a lucrative CAGR of 14.2% owing to adoption of new regulatory requirements for packaging and recycling coupled with development of new packaging materials
Gerresheimer AG; BD; West Pharmaceutical Service Inc.; Schott AG; and Aptar Group are some of the key market players. Most companies focus on product enhancements to gain maximum market share.

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Grand View Research has segmented the global ophthalmic packaging market on the basis of dose, type, material, and region:

Ophthalmic Packaging Dose Outlook (Revenue, USD Million, 2014 – 2025)

Multi Dose
Single Dose

Ophthalmic Packaging Type Outlook (Revenue, USD Million, 2014 – 2025)

OTC
Prescription

Ophthalmic Packaging Material Outlook (Revenue, USD Million, 2014 – 2025)

Glass
Plastic
Others

Ophthalmic Packaging Regional Outlook (Revenue, USD Million, 2014 – 2025)

North America
- U.S.
- Canada
Europe
- Germany
- U.K.
Asia Pacific
- Japan
- China
- India
Latin America
- Brazil
- Mexico
MEA
- South Africa

For Press Release of This Research Report by Grand View Research:

https://www.grandviewresearch.com/press-release/global-ophthalmic-packaging-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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