Medical Device Labeling Market: Size, Share, Growth, Trends, and Forecast, 2016–2024
Sarasota, FL -- (SBWIRE) -- 06/05/2018 -- Global Medical Device Labeling Market: Overview
The growing complication of medical devices has obliged several device manufacturers to convey vital information to customers. This has been a most important aspect propelling the demand and requirement for the medical device labels. Several manufacturers make use of medical device labeling to offer a general depiction of the medical device as well as other information. Increasing number of latest medical devices, as well as drug discoveries, are some of the major aspects which lead to growing popularity of the global medical device labeling market.
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Global Medical Device Labeling Market: Growth Factors
Increasing implementation of the FDA standards for patient safety is likely to be the prime aspect that is propelling the global medical device labeling market. With the major development in the pharmaceutical and healthcare sector, the global medical device labeling market is projected to see exponential development. Several established key players have extended their production abilities as well as their regional reach to secure their position.
Cross-border trade and growing globalization are one of the major aspects which are projected to play a significant role in the expansion of the global medical device labeling market. The medical device label with different language instructions assists manufacturers to outline their product for competent distribution and documentation. Also, with strict policies related to standards for patient safety and security by the FDA, more medical device producers are focused on compliant labeling methods, which are also projected to help in fuelling the sales of medical device labels, in the coming years.
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Global Medical Device Labeling Market: Segmentation
In terms of label type, the global medical device labeling market is classified into glue-applied labels, pressure-sensitive labels, in-mold labels, sleeve labels, and others. Pressure sensitive labels division accounts for the highest market share of the global medical device labeling market owing to the expansion in the technological developments to overcome the current restraints. In terms of material type, the global medical device labeling market is categorized into plastic, paper, and others. Paper division is likely to dominate the global medical device labeling market. In terms of application, the medical device labeling market is fragmented into monitoring & diagnostic equipment, disposable consumables, and therapeutic equipment.
Global Medical Device Labeling Market: Regional Analysis
North America is projected to account for the highest share in the global medical device labeling market owing to huge investment on R&D in the medical division in this region. In North America, the U.S contributes majorly to the market growth owing to the increasing focus on the healthcare sector. North America is anticipated to trail the Asia Pacific in the global medical device labeling market. The Middle East and Africa are projected to contribute a moderate share in the global market.
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Global Medical Device Labeling Market: Competitive Players
Some of the most important market players in the global medical device labeling market are Amcor Limited, 3M Company, Avery Dennison Corporation, Mondi Group Plc, Huhtamaki Oyj, Lintec Corporation, CCL Industries Inc., UPM Raflatac, Denny Bros Ltd., Schreiner Group GmbH & Co. KG, Resource Label Group LLC, WS Packaging Group, Inc., Tapecon Inc., Faubel & Co., Nachf. GmbH, JH Bertrand Inc., Weber Packaging Solutions, Inc., Label Source., and Coast Label Company, among others.
Global Medical Device Labeling Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa
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