South Korea Ophthalmic Packaging Market Size & Outlook
South Korea ophthalmic packaging market, 2017-2030 (US$M)
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South Korea ophthalmic packaging market highlights
- The South Korea ophthalmic packaging market generated a revenue of USD 331.7 million in 2022 and is expected to reach USD 869.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.8% 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 331.7 million |
| Market revenue in 2030 | USD 869.1 million |
| Growth rate | 12.8% (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, South Korea accounted for 3.2% 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 |
|---|
South Korea 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 South Korea ophthalmic packaging market based on multi dose, single dose covering the revenue growth of each sub-segment from 2017 to 2030.
The ability to develop innovative medicines and presence of a strong product pipeline in the ophthalmic therapeutic field are factors primarily expected to drive market growth. The growing number of clinical trials in the country is supported by strong government funding.
The increasing number of clinical and preclinical studies is expected to aid launch of promising novel ocular therapies in the South Korean market, boosting demand for modular packaging systems. In addition, increase in export of ophthalmic products is a factor anticipated to aid growth.
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Target buyers of South Korea 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 South Korea ophthalmic packaging market, including forecasts for subscribers. This country databook contains high-level insights into South Korea ophthalmic packaging market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea ophthalmic packaging market size, by dose, 2017-2030 (US$M)
South Korea Ophthalmic Packaging Market Share, 2022 & 2030 (US$M)
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