China Ophthalmic Packaging Market Size & Outlook, 2023-2030
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China ophthalmic packaging market highlights
- The China ophthalmic packaging market generated a revenue of USD 585.7 million in 2022 and is expected to reach USD 1,442.4 million by 2030.
- The China market is expected to grow at a CAGR of 11.7% from 2023 to 2030.
- In terms of segment, multi dose was the largest revenue generating dose in 2022.
- Multi dose is the most lucrative dose segment registering the fastest growth during the forecast period.
Ophthalmic packaging market data book summary
| Market revenue in 2022 | USD 585.7 million |
| Market revenue in 2030 | USD 1,442.4 million |
| Growth rate | 11.7% (CAGR from 2023 to 2030) |
| Largest segment | Multi dose |
| Fastest growing segment | Multi dose |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Multi dose, Single dose |
| Key market players worldwide | Amcor PLC, West Pharmaceutical Services Inc, Gerresheimer AG ADR, Schott Pharma AG & CO KGaA, AptarGroup Inc, BD |
Other key industry trends
- In terms of revenue, China accounted for 5.6% of the global ophthalmic packaging market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India ophthalmic packaging market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,625.2 million by 2030.
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Ophthalmic Packaging Market Scope
Ophthalmic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Schott Pharma AG & CO KGaA | View profile | 4646 | Hattenbergstrasse 10, Mainz, RP, Germany, 55122 | https://www.schott-pharma.com |
| BD | View profile | 10001+ | Franklin Lakes, New Jersey, United States, North America | https://www.bd.com |
| Gerresheimer AG ADR | View profile | 11660 | Klaus-Bungert-Strasse 4, Duesseldorf, NW, Germany, 40468 | https://www.gerresheimer.com |
| Amcor PLC | View profile | 41000 | 83 Tower Road North, Warmley, Bristol, United Kingdom, BS30 8XP | https://www.amcor.com |
| West Pharmaceutical Services Inc | View profile | 10600 | 530 Herman O. West Drive, Exton, PA, United States, 19341-1147 | https://www.westpharma.com |
| AptarGroup Inc | View profile | 13800 | 265 Exchange Drive, Suite 301, Crystal Lake, IL, United States, 60014 | https://www.aptar.com |
China ophthalmic packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ophthalmic packaging market will help companies and investors design strategic landscapes.
Multi dose was the largest segment with a revenue share of 82.38% in 2022. Horizon Databook has segmented the China ophthalmic packaging market based on multi dose, single dose covering the revenue growth of each sub-segment from 2018 to 2030.
Ophthalmic packaging is undergoing rapid evolution as a shelf-life enhancer for several drugs in the country. Ophthalmic packaging industry in China is expected to exhibit growth over the forecast period owing to growing geriatric population, rising contract-manufacturing activities, and favorable government initiatives.
Ophthalmic drugs market in China has been growing at high rate in the recent years and has gained significance owing to increase in number of people being diagnosed with various eye diseases. This has resulted in increased spending on healthcare by the government of China.
China’s healthcare reform program began in 2009 and includes expansion of insurance coverage to the rural population and increasing the number of community healthcare centers, as key achievements over coming years. As of 2017, over 95% of the country’s citizens are enrolled in health insurance plans.
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Target buyers of China ophthalmic packaging market databook
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Our clientele includes a mix of ophthalmic packaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China ophthalmic packaging market, including forecasts for subscribers. This country databook contains high-level insights into China ophthalmic packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China ophthalmic packaging market size, by dose, 2017-2030 (US$M)
China Ophthalmic Packaging Market Share, 2022 & 2030 (US$M)
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