Medical Device Labelling Market to Grow at 6.5% CAGR through 2025, North America to be at Forefront of Growth

A new research study titled, “Medical Device Labeling Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” has been added to the research repository of Market Research Reports Search Engine (MRRSE). According to the research study, the medical device labeling market is likely to witness 6.3% CAGR during the assessment period.

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Highlighting the key demand drivers in the market, the report opines that introduction of stringer regulations from authorities has been a key driver for the market. Introduction of advanced medical devices in the market has also led to new opportunities for market players. The use of labeling in ensuring the effectiveness and safety of devices is also likely to induce momentum in the market. The advent of centralized labeling has meant that manufacturers now have the means to streamline their labeling process and support operations. According to the research study, increase in the number of new medical devices, and growing focus on drug discoveries are likely to fuel the growth of the market during the assessment period.

According to the report, pressure sensitive labels are the highest selling label type in the market. Disposable consumables segment is the largest segment on the basis of application type. Paper segment leads in terms of revenues on the basis of material type.

The research study also offers insights on the regional analysis in the market. The performance of the market around key regions has been studied in detail in the report. According to the study, North America is likely to be one of the leading regions for medical device labeling market. The market in North America is driven by increasing penetration in the US, whereas Canada accounts for miniscule revenue share. In addition to North America, Asia Pacific is likely to remain another lucrative market for medical device labeling during the assessment period.

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The growth of the market in Asia Pacific is mainly on account of growing investment in healthcare. Many countries in the region are focusing on introducing new products and services in the market. Government support and introduction of new technologies is likely to provide an impetus to the growth of the market during the assessment period.

The research study also offers in-depth analysis on the key companies operating in the medical device labelling market. According to the report, some of the leading companies in the medical device labelling market include Mondi Group Plc, 3M Company, Amcor Limited, CCL Industries Inc, Tapecon Inc., Avery Dennison Corporation, Lintec Corporation, Huhtamaki Oyj, UPM Raflatac, Schreiner Group GmbH & Co. KG, Denny Bros Ltd., WS Packaging Group, Inc, Resource Label Group LLC, Faubel & Co.Nachf. GmbH, Weber Packaging Solutions, Inc., JH Bertrand Inc., Coast Label Company, and Label Source.

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This release was published on openPR.