Healthcare and Laboratory Labels Market by End-user and Geography - Forecast and Analysis 2022-2026

The healthcare and laboratory labels market share is expected to increase by 1.22 billion m2 from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.79%.

This healthcare and laboratory labels market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (pharmaceutical, nutraceutical, medical devices, laboratory, and others) and geography (APAC, Europe, North America, South America, and MEA). The healthcare and laboratory labels market report also offers information on several market vendors, including Avery Dennison Corp., Brady Corp., Caresfield LLC, CCL Industries Corp., Diagramm Halbach GmbH & Co. KG, Diversified Biotech Inc., GA International Inc., General Data Co. Inc., Multi Color Corp., and UPM-Kymmene Corp. among others.

What will the Healthcare and Laboratory Labels Market Size be During the Forecast Period?

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Healthcare and Laboratory Labels Market: Key Drivers and Trends

The increasing investments in drug discovery are notably driving the healthcare and laboratory labels market growth, although factors such as the recycling of pet plastic may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the healthcare and laboratory labels industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Healthcare and Laboratory Labels Market Driver

One of the key factors driving growth in the healthcare and laboratory labels market is the increasing investments in drug discovery. Pharmaceutical and biotechnology companies are increasing their R&D investments in discovering new drugs, owing to the increasing demand for personalized medicine, the growing prevalence of chronic diseases. The increased demand for laboratory instruments that are required during the initial phase of the drug discovery process for protein target identification has brought an increased demand for healthcare and laboratory labels. Laboratory labels are important to save the time and efforts involved in managing lab instruments. With the growing emphasis on R&D procedures and significant investments made in them, the demand for laboratory labels is expected to increase, which will drive market growth.

Key Healthcare and Laboratory Labels Market Challenge

The recycling of PET plastic will be a major challenge for the healthcare and laboratory labels market vendors. PET plastic is a lightweight and cost-effective polymer material; however, its disposal involves many difficulties. Label manufacturers face many challenges while recycling PET labels as they are dense, and it is difficult to separate them from the PET in the recycling stream. Hence, this type of plastic cannot be recycled, which leads to harmful effects on the environment, and, in turn, negatively impacts manufacturers. On the other hand, the rise in demand for PET polymers has led to a scarcity of the material worldwide. The issue of separating the labels from PET containers/bottles before recycling poses a major challenge for market vendors.

This healthcare and laboratory labels market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Healthcare and Laboratory Labels Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Avery Dennison Corp.
• Brady Corp.
• Caresfield LLC
• CCL Industries Corp.
• Diagramm Halbach GmbH & Co. KG
• Diversified Biotech Inc.
• GA International Inc.
• General Data Co. Inc.
• Multi Color Corp.
• UPM-Kymmene Corp.

 

This statistical study of the healthcare and laboratory labels market encompasses successful business strategies deployed by the key vendors. The healthcare and laboratory labels market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The healthcare and laboratory labels market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Healthcare and Laboratory Labels Market?

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42% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for healthcare and laboratory labels in APAC. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.

The huge patient population base, the growing interest of domestic and international vendors, and the increase in R&D in healthcare and pharmaceutical activities will facilitate APAC's healthcare and laboratory labels market growth over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Healthcare and Laboratory Labels Market?

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The healthcare and laboratory labels market share growth by the pharmaceutical segment will be significant during the forecast period. The rising number of approvals for over-the-counter (OTC) drugs will drive the demand for pharmaceutical labels. Moreover, the increasing geriatric population and rising adoption of home care settings for treatment make pharmaceutical labeling highly essential as clear labeling makes it easy to identify drugs without the guidance of professionals. Rising drug approvals will also drive the growth of the market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the healthcare and laboratory labels market size and actionable market insights on post COVID-19 impact on each segment.

 

Healthcare and Laboratory Labels Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.79%
Market growth 2022-2026	1.22 bn m2
Market structure	Fragmented
YoY growth (%)	4.48
Regional analysis	APAC, Europe, North America, South America, and MEA
Performing market contribution	APAC at 42%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Avery Dennison Corp., Brady Corp., Caresfield LLC, CCL Industries Corp., Diagramm Halbach GmbH & Co. KG, Diversified Biotech Inc., GA International Inc., General Data Co. Inc., Multi Color Corp., and UPM-Kymmene Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Healthcare and Laboratory Labels Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive healthcare and laboratory labels market growth during the next five years
• Precise estimation of the healthcare and laboratory labels market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the healthcare and laboratory labels industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of healthcare and laboratory labels market vendors

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