Ophthalmic Packaging Market

Ophthalmic Packaging Market: An Overview

The global ophthalmic packaging market is anticipated to grow at a significant pace in the coming few years, this is mainly due to the increasing pool of eye disorder customers. 

The ophthalmic refers to number of drugs used in treatment of eye related diseases. These products require special packaging in order to retain their effectivity. 

An upcoming report on ophthalmic packaging market by Transparency Market Research is expected to offer an in depth analysis on industry. The report is anticipated to cover all the segments of ophthalmic packaging market.  Along with this, the report is anticipated to consist of vital data that will help indicating growth and latest trend in the ophthalmic packaging market during the forecast period. 

Ophthalmic Packaging Market: Notable Developments

Some of the recent development in the ophthalmic packaging market are-

Researchers in the ophthalmic packaging market are working on several novel products in order to retain properties of ophthalmic and improve its shelf life. This can be related with ongoing research on low-density polyethylene (LDPE) resins. They have several clinical advantages over other packaging such as inertness, flexibility, and decreased chances of contamination. Apart from this, they are chemically inert and hence eliminate negative effects on the medical device. Additionally, they possess superior molding properties.

Ophthalmic Packaging Market: Key Trends

The global ophthalmic packaging market is likely to rise at a significant pace in the coming few years. This is mainly due to increasing prevalence of eye disorders across the globe. Apart from this, rising need for brand differentiation among ophthalmic drug providers, significant rise in population and focus on increasing life expectancy of the drugs are the major drivers of the market.

However, stagnation of mature markets, expiration of patents, and rise in regulatory hurdles are some factors expected to impede growth in the global ophthalmic packaging market.

Nevertheless, increasing disposable income, increasing demand for flexible and integrated packaging, innovations in drug delivery techniques and significant increase in pharmaceutical industry are some prominent factors driving the global pharmaceutical packaging market.

Ophthalmic Packaging Market: Regional Outlook

Geographically, global ophthalmic packaging market is divided into Asia Pacific, North America, Latin America, Europe, the Middle East and Africa. Among all these regions, North America is expected to hold major share in the market owing to adoption of new regulatory requirements for packaging and recycling coupled increase in geriatric population in the region.

Ophthalmic Packaging Market: Competitive Landscape

Ophthalmic packaging market depicts a competitive vendor scape due to the presence of several large and small players. These key players in the market are likely to compete based upon pricing, quality, technology and reputation.  Some of the prominent players operating in the global ophthalmic packaging market are Bemis Healthcare Packaging, Owens-Illinois, Gerresheimer, West Pharmaceutical, Alexander (James) Corporation, Westrock and Baxter International.  These players are adopting several strategies such as mergers and acquisitions, business expansion and collaboration to strengthen their foothold in the market.

For instance, Sioux Falls Specialty Hospital acquired Prairie States Surgical Center, LLC, a specialty center for orthopedic surgeries. This acquisition was anticipated to boost to provide the best quality of surgical and care to patient. In addition to this, it will also pose a positive effect of on the ophthalmic packaging market.