Published on : Aug 10, 2018
Albany, New York, August 10, 2018: Medical labels are an important tool for professionals in the medical field because labels are helping in keeping the track of products as well as ensuring the originality of the products with necessary signs on the label. Recently, a study focusing on the global market scenario for healthcare and laboratory labels has been added to the wide repository of Market Research Hub (MRH), which is titled as “Healthcare & Laboratory Labels Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018 – 2028”. Through this study, the readers will gain access to vital information regarding current trends and future propositions of the market across various geographies. Some of the prime regions highlighted in the study are North America, Europe, SEA & Pacific, Latin America, and Middle East & Africa.
Market Overview and Growth Forecast
First of all, the readers will get to know about healthcare and laboratory labels market outlook in terms of value and volume; and estimates market size for the forecast period 2018-2028. The introduction of new products, as well as the demand for pharmaceutical products, marks steady growth of healthcare and laboratory market. In fact, pharmaceutical market is way ahead of all the other industries in terms of demand for labeling. According to the study evaluations, the market for healthcare and laboratory labels market is expected to progress steadily at a CAGR of 4.6% during the forecast period, reaching a market value of over US$ 8,300 Mn by the end of 2028.
The next section of the report divides the global market for healthcare and laboratory labels into the materials used for labeling of healthcare and laboratory labels, and product type. Generally, nutraceutical, pharmaceutical, blood banks, and hospital services are included under the healthcare label segment. Whereas, the labels for laboratories, are used on general equipment & lab spaces, vials & tubes, glassware & containers, and slide labels, among others. On the basis of paper, the market has been segmented into nylon, vinyl, paper, polyester and polyolefin. Of these, paper segment holds maximum market share and anticipated to lead the global market through 2028. On the basis of geography, North America is expected to account for the highest value by the end of 2028.
Further, the research has presented major trends in the market which are having a huge impact on the market growth. It has been stated in the study that counterfeiting has become a significant challenge for companies as well as enforcement agencies in the pharmaceutical and healthcare sector. The fake labeling has misinform people and also despoiled brand image of many companies. One of the ideal solutions for the counterfeiting peril is proper labeling and packaging. This is anticipated to create sustainable market opportunity for pharmaceutical labels.
Moreover, the report provides a competitive landscape of the healthcare and laboratory labels market, thereby listing out all the key players according to their geographic presence. Some of the leading companies revealed in the report are Multi-Color Corporation, Weber Packaging Solutions, Schreiner Group GmbH & Co., UPM Raflatac, The Aenova Group, BRADY Germany, Diagramm Halbach GmbH & Co. KG, and Adampak Private Limited.
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