The Europe Ophthalmic Packaging Market would witness market growth of 11.7% CAGR during the forecast period (2021-2027).
The patients are driven towards advanced ophthalmic care due to their increasing disposable income and surge in healthcare spending. Additionally, the growth of the market would be propelled by the rise in the number of next-generation healthcare units like eye hospitals & ophthalmic clinics across various countries and a surge in awareness about ocular conditions, preventive care, and self-medications.
The demand for ophthalmic products is directly proportional to the geriatric population and age-related ocular disorders. The growth of the market would witness bright prospects due to the supportive reimbursement policies for ocular surgeries such as eye & cataract implants, and a surge in awareness about ocular diseases and treatment methods.
The demand & growth of ophthalmic packaging solutions in the regional market would witness bright prospects as the region is home to world-class eye care units and the massive adoption of next-generation technologies. As per the Eurostat paper of 2018, cataract surgery fell under the top five surgeries carried out in Europe in 2018, with nations like Germany, Belgium, France, and Sweden are witnessing a high prevalence of cataract surgeries.
As many countries of the region were hit hard by the outbreak of the COVID-19 pandemic, the resumption of ophthalmic services after the COVID-19 lockdown would create a dramatic surge in the demand for these packaging solutions. Moreover, the region has various ophthalmology societies like the European Society of Cataract and Refractive Surgeons and the European Society of Ophthalmology (ESC) that would create lucrative growth opportunities for the players operating in the regional ophthalmic packaging market during the forecasting period.
The Germany market dominated the Europe Glass Market by Country in 2020, thereby, achieving a market value of $127.9 million by 2027. The UK market is exhibiting a CAGR of 10.8% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 13.2% during (2021 - 2027).
Based on Dose, the market is segmented into Multi Dose and Single Dose. Based on Material, the market is segmented into Plastic, Glass and Other Materials. Based on Type, the market is segmented into Prescription and OTC. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Ophthalmic Packaging Market Size will Hit USD 20.6 Billion by 2027, at a CAGR of 12.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Becton, Dickinson and Company, Amcor PLC, AptarGroup, Inc., West Pharmaceutical Services, Inc., Gerresheimer AG, Schott AG (Carl-Zeiss-Stiftung), Nolato AB, LF of America Corp. (Tekni-Plex, Inc.), and Bormioli Pharma S.p.a.
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