Medical device label contract manufacturing market is projected to reach USD 509 million in 2030, <Roots Analysis>

Outsourcing the manufacturing of labels is a popular trend among medical device developers, enabling such companies to leverage the advanced capabilities of CMOs, while focusing on the core aspects of product development

 

 

Owing to the ever-increasing number of medical devices along with the rising associated complexities and stringent guidelines issued by various regulatory authorities, the global medical device labeling market is likely to grow at stable rate. Furthermore, it is also necessary for the organizations to adopt labeling practices which can help them to reduce reaction time in order to process change requirements. Therefore, in order to overcome the aforementioned challenges, medical devices companies are outsourcing their packaging and labeling operations to core label manufacturers.

 

Key Market Insights

• More than 80 companies presently claim to have the required expertise to design and manufacture different types of labels, using both conventional advanced printing methods, for use in medical devices
• The market landscape is fragmented, featuring the presence of both established players and new entrants; most medical device label manufacturing companies are located in North America
• Label manufacturers are steadily expanding their capabilities in order to enhance their respective service portfolios and upgrade their capabilities to comply to evolving industry benchmarks
• Digital printing technologies have gradually become on of the much sought-after solutions in this industry; further, there are a variety of upcoming opportunities that are anticipated to sustain growth in this domain
• Acquisitions in this domain are largely driven by efforts to enhance the technology portfolio of label manufacturers; key value drivers include geographical consolidation and capability addition
• Driven by a growing demand for different types of labels, the medical device label manufacturing market is likely to grow at a steady pace over the coming years
• The forecasted future opportunity is anticipated to be distributed across different types of labeling materials used, diverse device classes and application areas

 

Roots Analysis has announced the addition of “Medical Device Labels Technology Market, 2019-2030” report to its list of offerings.

 

The report features an extensive study of the current market landscape of companies offering manufacturing services for medical device labels. The study also features detailed analysis and an elaborate discussion on the future potential of this evolving market. Amongst other elements, the report includes:

• A detailed assessment of the overall landscape of companies offering manufacturing services for medical device labels.
• A detailed analysis of the various mergers and acquisitions that have taken place in this domain, highlighting the key value drivers of such deals inked between 2014 and 2019 (till June).
• A detailed acquisition target analysis, which takes into consideration the historical trend of activity of top acquirers, providing a means for industry stakeholders to identify potential acquisition targets.
• An industry-wide benchmark analysis, highlighting the key focus areas of small, mid-sized and large companies.
• A detailed business portfolio analysis based on the 9-box attractiveness and competitiveness (AC) matrix framework, highlighting the current market attractiveness and competitive strength of different printing technologies used by label manufacturers.
• An elaborate discussion on the various guidelines established by major regulatory bodies, governing medical device labeling-related practices and product approval, across different countries.
• Elaborate profiles of key players that claim to have a diverse range of capabilities for the manufacturing of different types of labels for medical devices.
• A discussion on important industry-specific trends, key market drivers and challenges, under a SWOT framework.
• A review of the various upcoming opportunities and anticipated future trends related to medical device label manufacturing that are expected to influence the evolution of this industry over the coming years.
• A detailed market forecast, featuring analysis of the current and projected future opportunity across key market segments (listed below)

• Type of labels
• Glue applied labels
• Pressure sensitive labels
• In mould labels
• Shrink sleeve labels
• Other labels

 

• Type of material

• Plastic labels
• Paper labels
• Other material labels

 

• Application type

• Monitoring and diagnostic equipment labels
• Disposable consumables labels
• Therapeutic equipment labels

• Device class

• Class I medical devices
• Class II medical devices
• Class III medical devices

 

• Key geographical regions
• North America
• Europe
• Asia Pacific

 

Key companies covered in the report

• Avery Dennison
• Faubel
• Huhtamaki
• Iwata Label
• Labeltape
• Matform
• Maverick Label
• Mondi Group
• Multi-Color
• OPM Group
• Resource Label Group
• Schreiner Group
• Steven Label
• Topflight
• WS Packaging

 

For more information please click on the following link:

https://www.rootsanalysis.com/reports/view_document/medical-device-labels-manufacturing-market-2019-2030/272.html

 

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About Roots Analysis

Roots Analysis is one of the fastest growing market research companies, sharing fresh and independent perspectives in the bio-pharmaceutical industry. The in-depth research, analysis and insights are driven by an experienced leadership team which has gained many years of significant experience in this sector. If you’d like help with your growing business needs, get in touch at [email protected]

 

Contact Information

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Gaurav Chaudhary

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