Global Medical Device Labels Manufacturing Markets, Forecast to 2030 - Emerging Trends & Opportunities, Regulatory Landscape, Mergers & Acquisitions, Benchmark Analysis, Company Profiles - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 4, 2019--
The “Medical Device Labels Manufacturing Market, 2019-2030” report has been added to ResearchAndMarkets.com’s offering.
This report features an extensive study of the current market landscape of companies offering manufacturing services for medical device labels. The study also features a detailed analysis and an elaborate discussion on the future potential of this evolving market.
As of August, over 30 medical devices were approved by the US FDA alone, in 2019. Given recent technological advances and the increasing complexity of such products, the need for proper medical device labels has become a concern that is being addressed by both label manufacturers and regulators. In this context, it is worth highlighting that more than 10% of product recalls observed in this market are attributed to medical device labeling related issues. Labels ensure that a product is used according to the manufacturer’s instructions and also serve to protect the developer from litigation pertaining to off-label use / abuse of a marketed device.
Over the years, medical device packaging and labeling operations have evolved significantly. Presently, a variety of novel label designs, equipped with advanced features (such as traceability, tamper-evident sealing provisions and environmental resistance), are available. In addition, there have been significant upgrades pertaining to medical device label materials and label printer technologies.
As the demand for innovative medical devices continues to grow, we believe that innovator companies are more likely to outsource certain aspects of their business operations, such as label manufacturing. Owing to the expertise and infrastructure required to develop and produce certain advanced types of pharmaceutical labels, the demand for contract service providers has increased substantially in this domain.
Moreover, in order to cope up with the innovation in this domain, service providers are actively engaged in improving their core capabilities, procuring necessary certifications (such as ISO 13485), and optimizing business strategy. As a result, the industry has witnessed notable consolidation in the last five years, with many of the smaller players being acquired by more established businesses in efforts to augment the latter companies’ offerings.
Scope of the Report
One of the key objectives of this report was to evaluate the current opportunity and the future growth potential within the medical device labels manufacturing market over the coming decade. We have provided an informed estimate of the likely evolution of the market in the short to mid-term and long term, for the period 2019-2030.
In addition, we have provided the likely distribution of the opportunity across different:
To account for the uncertainties associated with the growth of the medical device labels market and to add robustness to our model, we have provided three market forecast scenarios, namely conservative, base and optimistic scenarios, representing different tracks of the industry’s growth.
Key Topics Covered
2. Executive Summary
4. Regulatory Landscape for Medical Device Labeling
5. Market Landscape
6. Company Profiles
7. Mergers & Acquisitions
8. Potential Acquisition Targets
9. Benchmark Analysis
10. AC Matrix
11. Market Forecast & Opportunity Analysis
12. SWOT Analysis
13. Emerging Trends & Opportunities in Medical Device Labeling
For more information about this report visit https://www.researchandmarkets.com/r/qacbmr
View source version on businesswire.com:https://www.businesswire.com/news/home/20191104005420/en/
Laura Wood, Senior Press Manager
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INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 11/04/2019 07:05 AM/DISC: 11/04/2019 07:05 AM