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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.
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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.
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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 |
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SOURCE Technavio
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