The global healthcare and laboratory labels market is poised for significant growth, with an estimated value of US$ 9.59 billion in 2023 and a projected surge to US$ 14.89 billion by 2033, marking a robust 4.5% compound annual growth rate (CAGR) between 2023 and 2033. By 2023, the market is expected to maintain a steady 4.1% annual growth rate.
Several key factors are driving this expansion. The increasing demand for pharmaceutical products, coupled with the continuous launch of new products, is expected to be a major catalyst for market growth. Particularly, the sector of pressure-sensitive labels and labeling tapes is anticipated to experience rapid growth due to escalating demand for labeling across various industries.
Furthermore, the prevalence of diseases, a rise in hospital admissions, and the introduction of new products during the forecast period are expected to contribute significantly to revenue growth in the healthcare and laboratory labels market. These labels play a crucial role in the healthcare and pharmaceutical sectors, enhancing patient safety across clinical, administrative, and operational domains.
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Key Takeaways
- The Polyolefin segment in the material category is to advance at a CAGR of 5% from 2023 to 2033, worth US$ 4.02 billion by 2023.
- The laboratory segment in the end user category is to develop at a CAGR of 5.4% between 2023 and 2033, worth US$ 2.46 billion by 2023.
- The paper segment in the material category of the healthcare and laboratory labels industry is to acquire a market share of 64.9% by 2023.
- The Pharmaceutical segment, in the end, user category is to grab a market share of 30.1% by 2023.
- The United States to capture a CAGR of 3.7% between 2023 and 2033, worth US$ 3,862.9 million in 2023.
- German healthcare and laboratory labels industry to advance at a CAGR of 3.6% from 2023 to 2033, reaching US$ 686.4 million in 2023.
- India is to expand at a CAGR of 7.4% during the forecast period, worth US$ 2354.7 million by 2023.
- China healthcare and laboratory labels market is to expand at a CAGR of 6% from 2023 to 2033, reaching US$ 2332 million in 2023.
- The United States to obtain 89.4% of the market share by 2023.
- Germany healthcare and laboratory labels industry to hold a market share of 21.7% by 2023.
- France to secure a market share of 16.8% by 2023.
- India is to witness 79.6% of the market share by 2023.
- China healthcare and laboratory labels industry to grab a market share of 56.1% by 2023.
Economic Analysis
The healthcare and laboratory label manufacturers that operate in this market are very focused on mergers and acquisitions to accelerate healthcare and laboratory label market expansion in the upcoming year. Healthcare and laboratory label manufacturers are concentrating on the rollout of novel goods to create and acquire a global footprint.
Competitive Landscape
The healthcare and laboratory labels market is a fragmented market. The key players operating in the market are focusing on expanding their reach globally, diversifying their product portfolio, and rapid product development to gain competitive edge.
Pdc Healthcare has its V-Notch Secondary Labels with BD Vacutainer Plus Plastic Tubes. They make way for appropriate label placement every time.
Top Key Players Covered-
- Avery Dennison Corporation
- CCL Industries Inc.
- 3M Company
- Multi-Color Corporation
- UPM Raflatac Corporation
- Brady Corporation
- Sato Holdings Corporation
- Weber Packaging Solutions, Inc.
- Schreiner Group GmbH & Co. KG
- Diagramm Halbach GmbH & Co. KG
- The Aenova Group
- Shamrock Labels
- Medline Industries, Inc.
- PlatinumCode
- United Ad Label
- Adampak Pte Ltd.
- Advance Labelling Systems Limited
- Majestic Labels CC
- QLM Label Makers Pte Ltd.
- Chicago Tag & Label, Inc.
Key Segments Covered in Healthcare and Laboratory Labels Industry Research
Market By End-user :
- Pharmaceuticals
- Nutraceuticals
- Medical Devices
- Blood Banks
- Hospital Services
- Laboratories
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
The Healthcare and Laboratory Labels Market report provides insights on the following Point:
- Healthcare and Laboratory Labels Market Penetration: Provides comprehensive information on the market offered by the key players
- Healthcare and Laboratory Labels Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Healthcare and Laboratory Labels Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
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Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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