[ad_1]
Dublin, January 21, 2022 (GLOBE NEWSWIRE) — “Global Ophthalmic Packaging Market By Dose (Multi-Dose & Single-Dose), Material (Plastic, Glass & Others), Type (Prescription & OTC), Regional Outlook, Industry Analysis Reports And Forecasts, 2021 – 2027” report added to ResearchAndMarkets.com’s supply.
The global ophthalmic packaging market size is expected to reach USD 20.6 billion by 2027, growing at a CAGR of 12.1% over the forecast period.
As ophthalmic products are dispensed directly into the eye, great care is taken to package these products to keep their purity intact and to protect them from any physical and chemical contamination. To meet the growing demand for safe packaging, many manufacturers are designing unique packaging formats. Ophthalmic drug packaging offers greater convenience in terms of drug efficacy and safety than packaging used for solid oral products. Factors such as surge in incidence of eye-related diseases are responsible for the growth and demand for ophthalmic packaging in the global market.
Additionally, some of the catalysts for the growth of the ophthalmic packaging market are the creation of new packaging materials, increased requirements to comply with the latest regulations, and surge in requirements for brand enhancement and brand differentiation in a saturated market. The demand for ophthalmic packaging solutions is driven by the increasing incidence of several ophthalmic diseases such as conjunctivitis and dry eye. This is also driving the global demand for eye care. A study of a cross-sectional study of the general population in the United States showed that approximately 16 to 49 million people in the United States suffer from dry eye disease.
COVID-19 Impact Analysis
The outbreak of the COVID-19 pandemic has adversely affected the growth and demand of the ophthalmic packaging market. In addition, the COVID-19 pandemic has brought chaos to the global ophthalmology market, with limited number of patients going to hospitals. On the other hand, well-known market players are developing unique strategies to deal with the changing environment. For example, Johnson & Johnson is optimizing pandemic situations by providing training to healthcare professionals on next-generation products. This move is expected to help the company maintain and increase its brand loyalty.
Carl Zeiss Meditec provides remote care solutions and training for ophthalmologists to manage situations arising from the pandemic. Alcon wants to develop its SMART Suite, which provides a cloud-based platform to manage OR and clinic data. Similar to other healthcare practices, the field of ophthalmology is expected to witness new avenues of growth with the help of telehealth services. Additionally, the surge in demand for prescription and over-the-counter medications to manage ophthalmic complications related to COVID-19…
The full story is available on Benzinga.com
[ad_2]
Source link
