Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.90 Billion | USD 11.72 Billion | 4.8% | 2021 |
FrequentlyAsked Questions
Some reasons driving the market value include rising activities in the healthcare industry, rising need for labeling with rising demand for pharmaceutical goods, and continuous advances in labeling technologies.
According to the report, the global healthcare and laboratory labels market was worth USD 8.90 billion in 2021 and is estimated to grow to USD 11.723 billion by 2028, with a compound annual growth rate (CAGR) of approximately 4.70% over the forecast period.
Due to the growing number of participants in this region, North America has had the greatest growth. The development of novel formulations and new drugs in this area is anticipated to be fueled by the rising demand for innovative pharmaceutical goods to improve healthcare services.
Some of the main competitors dominating the global healthcare and laboratory labels market include - 3M, Aenova, Avery Dennison, BRADY, CCL, Diagramm Halbach, Multi-Color, Schreiner, UPM Raflatac, Weber.
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