UK Ophthalmic Packaging Market Size & Outlook, 2022-2030
UK ophthalmic packaging market, 2017-2030 (US$M)
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UK ophthalmic packaging market highlights
- The UK ophthalmic packaging market generated a revenue of USD 396.4 million in 2022 and is expected to reach USD 723.6 million by 2030.
- The UK market is expected to grow at a CAGR of 7.8% 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 396.4 million |
| Market revenue in 2030 | USD 723.6 million |
| Growth rate | 7.8% (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, UK accounted for 3.8% 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 Europe, Germany ophthalmic packaging market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 723.6 million by 2030.
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Ophthalmic Packaging Market Scope
Ophthalmic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 72.1% in 2022. Horizon Databook has segmented the UK ophthalmic packaging market based on multi dose, single dose covering the revenue growth of each sub-segment from 2017 to 2030.
The country has less than 5,000 companies in the life sciences sector, which are focused on development, production, & commercialization of products and services in the medical devices, biotechnology, and pharmaceutical markets.
According to Association of the British Pharmaceutical Industry, the pharmaceutical industry was the sixth largest contributor to the UK’s balance of trade in 2016. Raw materials for ophthalmic packaging, such as polyethylene, polypropylene, and polystyrene, are largely dependent on the oil price trends, which is one of the most variable commodities in the country.
The market is undergoing a modification in terms of quality of glass packaging, to cater to the changing demands in the overall pharmaceutical scenario. For instance, in September 2017, Gerresheimer AG introduced its Gx Elite vials—type 1 borosilicate glass vials. These vials are developed in a way that they minimize the risk of glass-to-glass contact, shattering, and formation of cosmetic defects.
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Target buyers of UK 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 UK ophthalmic packaging market, including forecasts for subscribers. This country databook contains high-level insights into UK ophthalmic packaging market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK ophthalmic packaging market size, by dose, 2017-2030 (US$M)
UK Ophthalmic Packaging Market Share, 2022 & 2030 (US$M)
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