The healthcare & laboratory label industry in the United States reached US$ 1,056.2 million in 2023. Over the forecast period, healthcare & laboratory label demand in the United States is anticipated to rise at 3.2% CAGR. The industry is predicted to increase from US$ 1,081.7 million in 2024 to US$ 1,478.2 million in 2034.
Attributes | Key Insights |
---|---|
Base Value (2023) | US$ 1,056.2 million |
Estimated United States Healthcare and Laboratory Label Industry Size (2024) | US$ 1,081.7 million |
Projected United States Healthcare and Laboratory Label Revenue (2034) | US$ 1,478.2 million |
Value-based CAGR (2024 to 2034) | 3.2% |
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The United States healthcare & laboratory label industry recorded a CAGR of 1.3% between 2019 and 2023.
Over the forecast period, healthcare & laboratory label demand in the United States is anticipated to rise at 3.2% CAGR.
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The table presents the expected CAGR for the United States healthcare and laboratory label industry over several semi-annual periods spanning from 2023 to 2034. In the first half (H1) of the decade from 2023 to 2033, the field is predicted to surge at a CAGR of 2.7%, followed by a slightly higher growth rate of 3.7% in the second half (H2) of the same decade.
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to lower slightly to 3.0% in the first half and remain relatively steady at 3.4% in the second half.
Particular | Value CAGR |
---|---|
H1 | 2.7% (2023 to 2033) |
H2 | 3.7% (2023 to 2033) |
H1 | 3.0% (2024 to 2034) |
H2 | 3.4% (2024 to 2034) |
The section below shows the paper segment is set to lead in terms of material type. It is estimated to thrive at a 3.5% CAGR between 2024 and 2034. Based on printing technology, the direct thermal segment is anticipated to hold a dominant share through 2034. It is set to exhibit a CAGR of 2.1% during the forecast period.
Segment | Value-based CAGR (2024 to 2034) |
---|---|
Paper (Material Type) | 3.5% |
Direct Thermal (Printing Technology ) | 2.1% |
Manufacturing companies operating in the field of healthcare & laboratory labels are developing innovative solutions catering to specific products or applications. Key players in the industry are expanding their presence & manufacturing capabilities and moving toward adopting and offering sustainable solutions to customers. They are expanding by collaborating with flexible packaging manufacturers to provide innovative labeling solutions.
Recent activities and developments implemented by leading players in the industry
The industry is set to reach US$ 1,081.7 million in 2024.
Demand in the United States is slated to expand at a 3.2% CAGR through 2034.
The target industry is set to reach US$ 1,478.2 million in 2034.
The hospital segment is expected to garner a significant value share by 2024.
The industry was valued at US$ 1,056.2 million in 2023.
Lab labels are made to be used as markings for blood bags, test tubes, and tubules.
1. Executive Summary 1.1. Industry Outlook 1.2. Industry Analysis 1.3. Analysis and Recommendations 2. Industry Overview 2.1. Industry Coverage / Taxonomy 2.2. Industry Definition / Scope / Limitations 3. Key Trends 3.1. Key Trends 3.2. Product Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product USPs / Features 4.3. Strategic Promotional Strategies 5. Industry Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034 5.1. Historical Industry Volume (Sq. Mt.) Analysis, 2019 to 2023 5.2. Current and Future Industry Volume (Sq. Mt.) Projections, 2024 to 2034 5.3. Y-o-Y Growth Trend Analysis 6. Industry - Pricing Analysis 6.1. Pricing Analysis for Healthcare and Laboratory Labels 6.2. United States Average Pricing Analysis Benchmark 7. Industry Demand (in Value or Size in US$ million) Analysis 2019 to 2023 and Forecast, 2024 to 2034 7.1. Historical Industry Value (US$ million) Analysis, 2019 to 2023 7.2. Current and Future Industry Value (US$ million) Projections, 2024 to 2034 8. Industry Background 8.1. United States Packaging Industry Overview 8.2. Macro-Economic Factors 8.3. Forecast Factors - Relevance & Impact 8.4. Value Chain 8.4.1. Exhaustive List of Raw Material Suppliers 8.4.2. Exhaustive List of Healthcare and Laboratory Labels Manufacturers / Converters 8.4.3. Exhaustive List of End User 8.5. Cased-based Scenario - Impact Assessment 8.5.1. Current Statistics 8.5.2. Short-Mid-Long Term Outlook 8.5.3. Likely Rebound 8.6. Industry Dynamics 8.6.1. Drivers 8.6.2. Restraints 8.6.3. Opportunity Analysis 9. Industry Analysis 2019 to 2023 and Forecast, 2024 to 2034 9.1. Historical Industry Size Value (US$ million) & Volume (Sq. Mt.) Analysis, 2019 to 2023 9.2. Current and Future Industry Size (US$ million) & Volume (Sq. Mt.) Projections, 2024 to 2034 9.2.1. Y-o-Y Growth Trend Analysis 9.2.2. Absolute $ Opportunity Analysis 10. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material Type 10.1. Introduction / Key Findings 10.2. Historical Industry Size Value (US$ million) & Volume (Sq. Mt.) Analysis By Material Type, 2019 to 2023 10.3. Current and Future Industry Size (US$ million) & Volume (Sq. Mt.) Analysis and Forecast By Material Type, 2024 to 2034 10.3.1. Polyolefin 10.3.2. Polyethylene Terephthalate (PET) 10.3.3. Polyvinyl Chloride (PVC) 10.3.4. Paper 10.3.5. Others 10.4. Y-o-Y Growth Trend Analysis By Material Type, 2019 to 2023 10.5. Absolute $ Opportunity Analysis By Material Type, 2024 to 2034 11. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Printing Technology 11.1. Introduction / Key Findings 11.2. Historical Industry Size Value (US$ million) & Volume (Sq. Mt.) Analysis By Printing Technology, 2019 to 2023 11.3. Current and Future Industry Size (US$ million) & Volume (Sq. Mt.) Analysis and Forecast By Printing Technology, 2024 to 2034 11.3.1. Direct Thermal 11.3.2. Thermal Transfer 11.3.3. Inkjet Printing 11.3.4. Laser Printing 11.4. Y-o-Y Growth Trend Analysis By Printing Technology, 2019 to 2023 11.5. Absolute $ Opportunity Analysis By Printing Technology, 2024 to 2034 12. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Adhesive 12.1. Introduction / Key Findings 12.2. Historical Industry Size Value (US$ million) & Volume (Sq. Mt.) Analysis By Adhesive, 2019 to 2023 12.3. Current and Future Industry Size (US$ million) & Volume (Sq. Mt.) Analysis and Forecast By Adhesive, 2024 to 2034 12.3.1. Permanent 12.3.2. Removable 12.4. Y-o-Y Growth Trend Analysis By Adhesive, 2019 to 2023 12.5. Absolute $ Opportunity Analysis By Adhesive, 2024 to 2034 13. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 13.1. Introduction / Key Findings 13.2. Historical Industry Size Value (US$ million) & Volume (Sq. Mt.) Analysis By End Use, 2019 to 2023 13.3. Current and Future Industry Size (US$ million) & Volume (Sq. Mt.) Analysis and Forecast By End Use, 2024 to 2034 13.3.1. Hospitals 13.3.2. Laboratories 13.3.3. Clinical Trails 13.3.4. Independent Clinics 13.3.5. Blood Banks 13.3.6. Diagnostic Centers 13.3.7. Veterinary Labs 13.3.8. Ambulatory Surgery Centers (ASCs) 13.3.9. Outpatient Surgery Centers 13.4. Y-o-Y Growth Trend Analysis By End Use, 2019 to 2023 13.5. Absolute $ Opportunity Analysis By End Use, 2024 to 2034 14. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sub-region 14.1. Introduction / Key Findings 14.2. Historical Industry Size Value (US$ million) & Volume (Sq. Mt.) Analysis By Sub-region, 2019 to 2023 14.3. Current and Future Industry Size (US$ million) & Volume (Sq. Mt.) Analysis and Forecast By Sub-region, 2024 to 2034 14.3.1. Northeast 14.3.2. Southwest 14.3.3. West 14.3.4. Southeast 14.3.5. Midwest 14.4. Y-o-Y Growth Trend Analysis By Sub-region, 2019 to 2023 14.5. Absolute $ Opportunity Analysis By Sub-region, 2024 to 2034 15. Industry Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Share Analysis of Top Players 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. CCL Industries Inc. 16.1.1.1. Overview 16.1.1.2. Material Portfolio 16.1.1.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Material Strategy 16.1.1.5.3. End Use Strategy 16.1.2. Brady Corporation 16.1.2.1. Overview 16.1.2.2. Material Portfolio 16.1.2.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Material Strategy 16.1.2.5.3. End Use Strategy 16.1.3. Sato Holdings Corporation 16.1.3.1. Overview 16.1.3.2. Material Portfolio 16.1.3.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Material Strategy 16.1.3.5.3. End Use Strategy 16.1.4. Zebra Technologies Corporation 16.1.4.1. Overview 16.1.4.2. Material Portfolio 16.1.4.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Material Strategy 16.1.4.5.3. End Use Strategy 16.1.5. Cardinal Health Inc. 16.1.5.1. Overview 16.1.5.2. Material Portfolio 16.1.5.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Material Strategy 16.1.5.5.3. End Use Strategy 16.1.6. Computype 16.1.6.1. Overview 16.1.6.2. Material Portfolio 16.1.6.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Material Strategy 16.1.6.5.3. End Use Strategy 16.1.7. Avantor, Inc. 16.1.7.1. Overview 16.1.7.2. Material Portfolio 16.1.7.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Material Strategy 16.1.7.5.3. End Use Strategy 16.1.8. GA International Inc. 16.1.8.1. Overview 16.1.8.2. Material Portfolio 16.1.8.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Material Strategy 16.1.8.5.3. End Use Strategy 16.1.9. Shamrock Labels 16.1.9.1. Overview 16.1.9.2. Material Portfolio 16.1.9.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Material Strategy 16.1.9.5.3. End Use Strategy 16.1.10. Chicago Tag & Label, Inc. 16.1.10.1. Overview 16.1.10.2. Material Portfolio 16.1.10.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Material Strategy 16.1.10.5.3. End Use Strategy 16.1.11. Caresfield 16.1.11.1. Overview 16.1.11.2. Material Portfolio 16.1.11.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.11.4. Sales Footprint 16.1.11.5. Strategy Overview 16.1.11.5.1. Marketing Strategy 16.1.11.5.2. Material Strategy 16.1.11.5.3. End Use Strategy 16.1.12. United Ad Labels Inc. 16.1.12.1. Overview 16.1.12.2. Material Portfolio 16.1.12.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.12.4. Sales Footprint 16.1.12.5. Strategy Overview 16.1.12.5.1. Marketing Strategy 16.1.12.5.2. Material Strategy 16.1.12.5.3. End Use Strategy 16.1.13. T & L Graphic Systems. 16.1.13.1. Overview 16.1.13.2. Material Portfolio 16.1.13.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.13.4. Sales Footprint 16.1.13.5. Strategy Overview 16.1.13.5.1. Marketing Strategy 16.1.13.5.2. Material Strategy 16.1.13.5.3. End Use Strategy 16.1.14. Typenex® Medical, LLC 16.1.14.1. Overview 16.1.14.2. Material Portfolio 16.1.14.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.14.4. Sales Footprint 16.1.14.5. Strategy Overview 16.1.14.5.1. Marketing Strategy 16.1.14.5.2. Material Strategy 16.1.14.5.3. End Use Strategy 16.1.15. Taylor Corporation 16.1.15.1. Overview 16.1.15.2. Material Portfolio 16.1.15.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.15.4. Sales Footprint 16.1.15.5. Strategy Overview 16.1.15.5.1. Marketing Strategy 16.1.15.5.2. Material Strategy 16.1.15.5.3. End Use Strategy 16.1.16. Leland Company 16.1.16.1. Overview 16.1.16.2. Material Portfolio 16.1.16.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.16.4. Sales Footprint 16.1.16.5. Strategy Overview 16.1.16.5.1. Marketing Strategy 16.1.16.5.2. Material Strategy 16.1.16.5.3. End Use Strategy 16.1.17. Polyfuze Graphics Corporation 16.1.17.1. Overview 16.1.17.2. Material Portfolio 16.1.17.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.17.4. Sales Footprint 16.1.17.5. Strategy Overview 16.1.17.5.1. Marketing Strategy 16.1.17.5.2. Material Strategy 16.1.17.5.3. End Use Strategy 16.1.18. ID Solutions Division, Arch Crown Inc. 16.1.18.1. Overview 16.1.18.2. Material Portfolio 16.1.18.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.18.4. Sales Footprint 16.1.18.5. Strategy Overview 16.1.18.5.1. Marketing Strategy 16.1.18.5.2. Material Strategy 16.1.18.5.3. End Use Strategy 16.1.19. DFI Printing Solutions 16.1.19.1. Overview 16.1.19.2. Material Portfolio 16.1.19.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.19.4. Sales Footprint 16.1.19.5. Strategy Overview 16.1.19.5.1. Marketing Strategy 16.1.19.5.2. Material Strategy 16.1.19.5.3. End Use Strategy 16.1.20. National Custom Labels 16.1.20.1. Overview 16.1.20.2. Material Portfolio 16.1.20.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.20.4. Sales Footprint 16.1.20.5. Strategy Overview 16.1.20.5.1. Marketing Strategy 16.1.20.5.2. Material Strategy 16.1.20.5.3. End Use Strategy 16.1.21. DAKLAPACK GROUP 16.1.21.1. Overview 16.1.21.2. Material Portfolio 16.1.21.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.21.4. Sales Footprint 16.1.21.5. Strategy Overview 16.1.21.5.1. Marketing Strategy 16.1.21.5.2. Material Strategy 16.1.21.5.3. End Use Strategy 16.1.22. TSC Auto ID Technology Co. Ltd. (Diversified Labeling Solutions, Inc. (DLS)) 16.1.22.1. Overview 16.1.22.2. Material Portfolio 16.1.22.3. Profitability by Industry Segments (Material Type/End Use/Region) 16.1.22.4. Sales Footprint 16.1.22.5. Strategy Overview 16.1.22.5.1. Marketing Strategy 16.1.22.5.2. Material Strategy 16.1.22.5.3. End Use Strategy *The above list is indicative in nature and is subject to change during the course of research 17. Assumptions and Acronyms Used 18. Research Methodology
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