India Ophthalmic Packaging Market Size & Outlook, 2022-2030
India ophthalmic packaging market, 2017-2030 (US$M)
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India ophthalmic packaging market highlights
- The India ophthalmic packaging market generated a revenue of USD 590.1 million in 2022 and is expected to reach USD 1,625.2 million by 2030.
- The India market is expected to grow at a CAGR of 13.5% 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 590.1 million |
| Market revenue in 2030 | USD 1,625.2 million |
| Growth rate | 13.5% (CAGR from 2022 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, India 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 |
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India 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 72.11% in 2022. Horizon Databook has segmented the India ophthalmic packaging market based on multi dose, single dose covering the revenue growth of each sub-segment from 2017 to 2030.
Growth of the Indian market is estimated to be driven by improved R&D activities, low cost of production, increasing per capita GDP, and steady economic growth. Furthermore, positive government initiatives, such as “Pharma Vision 2020,” are a major market driver. Pharma 2020 targets making India a global leader in end-to-end drug development of pharma products.
In addition, due to growing penetration of chemists, especially in rural India, OTC drugs are estimated to be readily available. These factors are estimated to influence growth of ophthalmic packaging market in India in the near future.
The cost of production in India is approximately 60% lower than that in the U.S. and almost half of that in Europe. The lower cost of treatment has led India to emerge as a leading destination for medical tourism. This increases the country’s opportunity to invest in smart ophthalmic packaging. These factors are likely to aid growth of the ophthalmic packaging market in India.
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Target buyers of India 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 India ophthalmic packaging market, including forecasts for subscribers. This country databook contains high-level insights into India ophthalmic packaging market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India ophthalmic packaging market size, by dose, 2017-2030 (US$M)
India Ophthalmic Packaging Market Share, 2022 & 2030 (US$M)
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