According to Future Market Insights (FMI), the global ophthalmology packaging market is expected to grow from US$ 1,816.5 million in 2024 to US$ 3,063.9 million by 2034. By 2034, the market is projected to surge at 5.4% CAGR.
The use of contact lenses has increased in recent times to enhance appearance and eyesight. This is generating the risk of ocular infections among the population.
Around 1 million eye infections occur in the United States because of keratitis, a fungal corneal infection. These infections are increasing the need for medical attention, which is directly associated with surging demand for ophthalmology packaging.
Prevalence of viral and bacterial conjunctivitis caused by bacteria, viruses, amoeba, and fungi are continuously on the rise. Leading players in diagnostics are investing in rapid point-of-care diagnostic technology that enhances the accurate usage of anti-infective therapeutics. Manufacturers incorporate user-friendly graphics, pictograms, and color coding to simplify instructions and dosage information.
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Integration of antimicrobial protection is the recent trend in ophthalmology packaging, which manages the concern of possible contamination. Manufacturing companies are including antimicrobial additives or coating directly into the packaging materials to eliminate microbial growth for increased safety and shelf life.
Key Takeaways from the Global Ophthalmology Packaging Market
- The global ophthalmology packaging market is expected to reach US$ 3,063.9 million by 2034.
- By 2034, the global market is projected to surge at 5.4% CAGR.
- India is projected to surge at a CAGR of 8.3% through 2034.
- Based on region, Canada is set to rise at 6.2% CAGR during the forecast period.
- Based on application, the eye drop segment is set to surge at 5.0% CAGR through 2034.
“The evolving landscape of ophthalmic formulations has led manufacturers of ophthalmic packaging to actively innovate for accommodating modern formulations. This trend reflects a proactive approach to meet the dynamic needs of the industry, where innovations in pharmaceuticals and treatments necessitate adaptable packaging solutions.”- says Ismail Sutaria (Lead Consultant, Packaging and Materials at Future Market Insights, Inc.).
Competitive Landscape
Amcor plc, Tekni-Plex Inc., Recipharm AB, Gerresheimer AG, SCHOTT AG, Berry Global Inc., West Pharmaceutical Services, Inc., Aptar Group, ALPLA Group, and Hoffmann Neopac, Nemera Development SA are the leading companies in the market. The tier 1 players in the market hold 5 to 7% of the overall ophthalmology packaging market.
Leading companies are developing and launching new and advanced products in the market. Companies are integrating with different firms and expanding their geographical presence. They are collaborating and partnering with brands and companies for product development. Recent activities and developments implemented by leading players in the market are:
- In March 2023, Nemera and Nelson Labs Europe underwent a strategic partnership to offer integrated services to customers.
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More Insights into Global Ophthalmology Packaging Market Report
Future Market Insights (FMI), in its new report, offers an unbiased analysis of the global market for ophthalmology packaging, analyzing historical demand from 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals market growth based on packaging type (tubes, bottles, syringes, flexible pouches, and ampoules & vials), capacity (2ml, 2 to 5 ml, 6 to 10 ml, and above 10 ml), order type (OTC, and prescription), distribution channel (institutional sales, retail sales, and e-commerce), application (eye drops, ophthalmic gels, ophthalmic ointment, and anti-VEGF drugs), and end-use case (refractive errors, cataracts & glaucoma, retinal disorders, corneal diseases, pediatric ophthalmology, neuro-ophthalmology, ophthalmic plastic surgery, uveitis and ocular inflammation) and region.
About the Packaging Division at Future Market Insights (FMI)
The packaging division at Future Market Insights (FMI) provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials and packaging machinery to packaging designs & formats, Future Market Insights (FMI) has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 3,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
Global Ophthalmology Packaging Market Segmentation by Category
By Packaging Type:
The industry consists of five types of packaging solutions, namely, tubes, bottles, syringes, flexible pouches, and ampoules & vials. Both laminated and extruded plastic tubes are mainly demanded by customers. Bottles made of plastic and glass, on the other hand, are gaining impetus.
By Capacity:
Packaging solutions in the capacity of less than 2 ml, 2 to 5 ml, 6 to 10 ml, and above 10 ml are showcasing immense popularity globally.
By Distribution Channel:
There are several distribution channels in the industry, including institutional sales, retail sales, and e-commerce. Institutional sales channel consists of hospitals, ophthalmology clinics, public health agencies, and veterinary hospitals & clinics. Drug stores and retail pharmacies/supermarkets are estimated to create high popularity in terms of retail sales channels.
By Order Type:
Over-the-counter (OTC) and prescription are the two main types of orders.
By Application:
Several applications, such as eye drops, ophthalmology gels, ophthalmology ointment, and anti-VEGF drugs, are covered.
By End-use Case:
Some of the significant cases include refractive errors, cataracts & glaucoma, retinal disorders, corneal diseases, pediatric ophthalmology, neuro-ophthalmology, ophthalmology plastic surgery, uveitis & ocular inflammation, and other eye care cases.
By Region:
Information about leading countries of North America, Latin America, East Asia, South Asia & Pacific, Western Europe, Eastern Europe, and the Middle East & Africa is provided.
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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