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Ophthalmic Eye Dropper Market Share, Size, Growth Rate, Trends Analysis And Forecast To 2033
Ophthalmic Eye Dropper Market
As per the report, the ophthalmic eye dropper market size has grown strongly in recent years. It will grow from $12.38 billion in 2023 to $13.32 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The ophthalmic eye dropper market size is expected to see strong growth in the next few years. It will grow to $17.97 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
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Increasing Prevalence Of Eye Disorders Is Driving The Growth Of The Ophthalmic Eye Dropper Market
The increasing prevalence of eye disorders is expected to propel the growth of the ophthalmic eye dropper market going forward. Eye disorders refer to a broad spectrum of medical conditions that affect the eyes, impairing vision or causing discomfort. The increasing prevalence of eye disorders is due to environmental factors, increased use of contact lenses, lifestyle changes, gender differences, and vitamin deficiencies. Ophthalmic eye droppers are used to administer precise doses of medication directly to the eyes to treat various eye disorders. For instance, in January 2024, according to the Centers for Disease Control and Prevention, a US-based science and data-driven service organization that protects the public's health, over 3.4 million Americans aged 40 years and older were blind or visually impaired, which is expected to double by 2030. Therefore, the increasing prevalence of eye disorders is driving the growth of the ophthalmic eye dropper market.
Innovative Antimicrobial Ophthalmic Droppers Enhance Safety And Sustainability In Eye Care
Major companies operating in the ophthalmic eye dropper market are focusing on developing innovative solutions, such as antimicrobial ophthalmic droppers, to enhance product safety and efficiency. Antimicrobial ophthalmic droppers refer to eye droppers designed with antimicrobial technology to ensure sterile, hygienic applications for eye treatments. For instance, in March 2022, Pylote, a France-based industrial mineral chemistry specialist, and Berry Global Group Inc., a US-based packaging company, introduced an antimicrobial ophthalmic dropper, aiming to develop the first multidose dropper with antimicrobial protection. This dropper integrates Pylote's patented mineral antimicrobial technology with Berry Global's sustainable healthcare packaging expertise. It features antimicrobial technology at the tip to ensure hygienic use with every application and also reduces plastic waste compared to traditional monodose solutions while remaining compatible with existing treatments and packaging processes.
The ophthalmic eye dropper market covered in this report is segmented -
1) By Eye Dropper: Unidose Eye Dropper, Preserved Multi-Dose Eye Dropper, Preservative-Free Multi-Dose Eye Dropper
2) By Drug Type: Prescription Drugs, Over-The-Counter (OTC) Drugs
3) By Treatment Type: Dry Eye, Glaucoma, Allergies, Conjunctivitis, Other Treatment Type
4) By End-Use: Hospitals, Ophthalmic Centers, Homecare Settings, Other End-Users
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Major companies operating in the ophthalmic eye dropper market are Pfizer Inc., AbbVie Inc., Novartis AG, Alcon Inc., Bausch & Lomb Incorporated, Rexam Healthcare Packaging Inc., Intas Pharmaceuticals Ltd., AptarGroup Inc, Cipla Ltd, Gerresheimer AG, Lupin Ltd., Santen Pharmaceutical Co Ltd., Rohto Pharmaceutical Co Ltd., Silgan Dispensing Systems, Akorn Operating Company LLC, Nemera Development S.A., Ajanta Pharma Ltd., Perrigo Company plc, Bora Pharmaceuticals Co Ltd., Sun Pharmaceutical Industries Limited, Flagship Biotech International Private Limited, PanOptica Inc., SAS Yslab
Contents of the report:
1. Executive Summary
2. Ophthalmic Eye Dropper Market Report Structure
3. Ophthalmic Eye Dropper Market Trends And Strategies
4. Ophthalmic Eye Dropper Market - Macro Economic Scenario
5. Ophthalmic Eye Dropper Market Size And Growth
…..
27. Ophthalmic Eye Dropper Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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