NEW YORK, December 7, 2021 / PRNewswire / – The healthcare and laboratory label market is expected to see the emergence of vendors such as Avery Dennison Corp. and Brady Corp. as key players during the forecast period. According to Technavio, the market value is expected to increase by 1.22 billion m2 from 2021 to 2026. Growth momentum will accelerate at a CAGR of 4.79% during this period. This Technavio report provides in-depth research and analysis to help businesses make confident decisions.

Attractive Opportunities in Healthcare and Laboratory Labels Market by End User and Geography – Forecast and Analysis 2022-2026

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Healthcare and Lab Label Market: Engines
The increased investment in drug discovery is a major driver for the growth of the healthcare and laboratory labels market during the forecast period. Pharmaceutical and biotechnology companies are investing heavily in R&D to discover new drugs. This is due to the growing demand for personalized medicine and the increasing prevalence of chronic diseases. Laboratory instruments are needed for the initial phase of the drug discovery process to identify protein targets. Lab labels save the time and effort associated with managing lab instruments.

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Healthcare and Laboratory Labels Market: Segmentation Analysis
The health and laboratory label market by end user (pharmaceuticals, nutraceuticals, medical devices, laboratory and others) and by geography (APAC, Europe, North America, South America, and MEA).

By end user, the pharmaceutical segment is expected to dominate the healthcare and laboratory labels market during the forecast period. The demand for labels in these segments will be driven by the growing number of over-the-counter (OTC) drug approvals. Pharmaceutical labeling is essential for the identification of drugs. The increase in the geriatric population and the increasing adoption of home care settings for treatment are increasing the demand for these labels. In addition, the increase in drug approvals will also drive the growth of the market.

By geography, APAC is expected to dominate the market, with a market growth share of 42% during the forecast period and China and Japan being the key countries. Market growth in the region is driven by factors such as the huge patient population base, growing interest from domestic and international suppliers and increasing R&D in healthcare and pharmaceutical business.

For more information on the contribution of each market segment, see our free sample

Associated reports:

  • Laboratory Consumables Primary Packaging Market: The laboratory consumables primary packaging market has been segmented by product (tubes, petri dishes, beakers, vials, and other products) and by geography (APAC, North America, Europe, South America, and MEA). Download a free sample report

  • Food packaging market: The food packaging market has been segmented by product (flexible plastic, rigid plastic, glass, metal and others) and by geography (APAC, Europe, North America, South America, and MEA). Download a free sample report

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Some of the main topics covered in the report include:

Market challenges

Market factors

Market trends

Supplier landscape

Scope of the Healthcare and Laboratory Labels Market

Cover of the report

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth dynamics and CAGR

Accelerate to a CAGR of 4.79%

Market growth 2022-2026

1.22 billion m2

Market structure

Fragmented

Annual growth (%)

4.48

Regional analysis

APAC, Europe, North America, South America and MEA

Efficient contribution to the market

42% APAC

Main consumer countries

United States, China, Japan, Germany and United Kingdom

Competitive landscape

Leading companies, Competitive strategies, Scope of consumer engagement

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- Kymmène Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast and Slow Growing Segments, Analysis of COVID-19 Impact and Recovery, and Future Consumer Dynamics, Analysis of Market Status for the forecast period

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Technavio
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

Cision

Cision

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SOURCE Technavio