The North America Ophthalmic Packaging Market would witness market growth of 11.3% CAGR during the forecast period (2021-2027).
Ophthalmic products refer to sterile formulations that consist of a particular dosage for external application to the surface of the eye. There is a high need to ensure the security of ophthalmic packaged products as every ophthalmic product should adhere to various regulations regarding sterility tests as per the requirements of packaging and pharmaceutical production.
Undoubtedly, the eyes are one of the crucial and sensitive organs of the human body. Even the slightest irritation can cause extreme pain & suffering and discharge, swelling, allergies, and infections that can cause permanent damage in the eyes. For this reason, sterile and acceptable pharmaceutical packaging is extremely critical. Due to this, the pharmaceutical industry cannot accept any kind of error or omission in the packaging, shipping, or delivery aspects.
North America has remained at the forefront of various technological advancements and adopting innovative solutions. This factor makes the region highly conducive for the demand & growth of various healthcare fields including ophthalmology in this region. Moreover, the region is home to some of the leading market players that are constantly launching innovative and advanced products in the regional market. Besides, the surge in the ease of doing business and supportive government initiatives in countries like the US and Canada are expected to boost the growth & demand for ophthalmic packaging solutions in the regional market.
In addition, the increasing geriatric population and the growing occurrence of chronic eye conditions due to high stress and unhealthy lifestyles are propelling the demand for ophthalmic packaging solutions in the regional market. Also, the regional players are putting heavy investments in R&D activities in order to design unique packaging solutions so as to remain competitive in the market. Hence, these factors would create lucrative growth opportunities for the players operating in the regional ophthalmic packaging market.
The US market dominated the North America Single Dose Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,651.6 million by 2027. The Canada market is experiencing a CAGR of 14.5% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 13.5% 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 U.S., Mexico, Canada, and Rest of North America.
Based on Surface Type, the market is segmented into 2D and3D. Based on Deployment Type, the market is segmented into Computer based and Camera based. Based on Component, the market is segmented into Cameras, Lighting Equipment, Processors, Software, Frame Grabbers & Optics, and Others. Based on End User, the market is segmented into Semiconductor & Electronics, Food & Beverages, Healthcare, Automotive, Paper & Wood, Glass & Metal, Plastic & Rubber, and Others. Based on Surface Type, the market is segmented into 2D and3D. Based on Deployment Type, the market is segmented into Computer based and Camera based. Based on Component, the market is segmented into Cameras, Lighting Equipment, Processors, Software, Frame Grabbers & Optics, and Others. Based on End User, the market is segmented into Semiconductor & Electronics, Food & Beverages, Healthcare, Automotive, Paper & Wood, Glass & Metal, Plastic & Rubber, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Ophthalmic Packaging Market is Estimated to Reach 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.
By Dose
By Material
By Type
By Country
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