South Korea Ophthalmic Eye Droppers Market Size & Outlook
South Korea ophthalmic eye droppers market, 2018-2030 (US$M)
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South Korea ophthalmic eye droppers market highlights
- The South Korea ophthalmic eye droppers market generated a revenue of USD 165.5 million in 2023 and is expected to reach USD 270.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, preserved multi-dose eye droppers was the largest revenue generating type in 2023.
- Preservative-free multi-dose eye droppers is the most lucrative type segment registering the fastest growth during the forecast period.
Ophthalmic eye droppers market data book summary
| Market revenue in 2023 | USD 165.5 million |
| Market revenue in 2030 | USD 270.8 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Preserved multi-dose eye droppers |
| Fastest growing segment | Preservative-free multi-dose eye droppers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Unidose eye droppers, Preserved multi-dose eye droppers, Preservative-free multi-dose eye droppers |
| Key market players worldwide | AptarGroup Inc, Silgan Holdings Inc, Alcon Inc, Pfizer Inc, Bausch & Lomb Corp, Novartis AG ADR, AbbVie Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.2% of the global ophthalmic eye droppers market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan ophthalmic eye droppers market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 270.8 million by 2030.
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Ophthalmic Eye Droppers Market Scope
Ophthalmic Eye Droppers Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea ophthalmic eye droppers 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 eye droppers market will help companies and investors design strategic landscapes.
Preserved multi-dose eye droppers was the largest segment with a revenue share of 49.85% in 2023. Horizon Databook has segmented the South Korea ophthalmic eye droppers market based on unidose eye droppers, preserved multi-dose eye droppers, preservative-free multi-dose eye droppers covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing geriatric population and the growing incidence of ophthalmic disorders in South Korea are major market drivers. According to a report by Statistics Korea, the number of people aged 65 years & older was 8.53 million in 2021.
The elderly are more susceptible to ophthalmic disorders, necessitating surgeries and other treatments, and therefore, the market is expected to grow considerably over the forecast period. Moreover, increasing healthcare expenditure and favorable government policies for product approval have encouraged several major players to enter this market.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea ophthalmic eye droppers market , including forecasts for subscribers. This country databook contains high-level insights into South Korea ophthalmic eye droppers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea ophthalmic eye droppers market size, by type, 2018-2030 (US$M)
South Korea Ophthalmic Eye Droppers Market Outlook Share, 2023 & 2030 (US$M)
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