Healthcare And Laboratory Labels Market to Record a CAGR of 4.79% | Increasing Investments in Drug Discovery to Boost Growth | Technavio
NEW YORK, Dec. 7, 2021 /PRNewswire/ -- The healthcare and laboratory labels market is expected to witness 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 grow by 1.22 bn m2 from 2021 to 2026. The growth momentum will accelerate at a CAGR of 4.79% during this period. This report by Technavio provides thorough research and analysis to help businesses make confident decisions.
Learn about more valuable insights available with Technavio. Enquire about this report before purchasing
Healthcare And Laboratory Labels Market: Drivers
Increasing investments in drug discovery is one of the primary factors driving the growth of the healthcare and laboratory labels market during the forecast period. Pharmaceutical and biotechnology companies are investing heavily in R&D for discovering new drugs. This is due to the rising demand for personalized medicine and the increasing prevalence of chronic diseases. Laboratory instruments are required for the initial phase of the drug discovery process to identify protein targets. Laboratory labels help in saving the time and effort associated with managing lab instruments.
Are you looking for customized information related to drivers of the market? Speak to Our Analyst Now
Healthcare And Laboratory Labels Market: Segmentation Analysis
The healthcare and laboratory labels market by end-user (pharmaceutical, nutraceutical, medical devices, laboratory, and others) and 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 rising number of approvals for over-the-counter (OTC) drugs. Pharmaceutical labeling is highly essential in identifying drugs. The increasing geriatric population and rising adoption of home care settings for treatment are increasing the demand for these labels. Moreover, the rising 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. The growth of the market in the region is driven by factors such as the huge patient population base, the growing interest of domestic and international vendors, and the increase in R&D in healthcare and pharmaceutical activities.
For more information about the contribution of each segment of the market, View Our Free Sample
Related Reports:
- Laboratory Consumables Primary Packaging Market: The laboratory consumables primary packaging market has been segmented by product (tubes, petri dishes, beakers, flasks, and other products) and geography (APAC, North America, Europe, South America, and MEA). Download Free Sample Report
- Food Packaging Market: The food packaging market has been segmented by product (flexible plastic, rigid plastic, glass, metal, and others) and geography (APAC, Europe, North America, South America, and MEA). Download Free Sample Report
Subscribe to Technavio's "Lite Plan" billed annually at USD 3000 to view 3 reports monthly and download 3 reports annually.
Some of the key topics covered in the report include:
Market Challenges
Market Drivers
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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. |
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article