The global healthcare and laboratory labels market is set to experience significant growth over the next decade, with sales projected to reach USD 6,447.0 million by 2035. The market, which recorded revenue of USD 4,170.2 million in 2024, is expected to witness a steady rise at a compound annual growth rate (CAGR) of 4.1% from 2025 to 2035. In 2025, the sales value of healthcare and laboratory labels is estimated to be USD 4,313.7 million.
Labels play an indispensable role in the healthcare and laboratory industries by ensuring product integrity, enhancing safety, and providing crucial information to consumers and medical professionals. Proper labeling is a regulatory necessity and helps maintain compliance with stringent industry standards, supporting seamless inventory management and accurate tracking of medical supplies and laboratory materials.
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Sticker labeling, in particular, remains a crucial element in healthcare and laboratory product packaging. It serves as a vital communication tool that informs end-users about the product’s authenticity, composition, and usage guidelines. The absence of appropriate labeling can compromise product efficiency, hinder regulatory compliance, and present challenges in inventory control, thereby affecting the global market reach of manufacturers.
Market Drivers Fueling Growth
The anticipated growth in the healthcare and laboratory labels market is driven by several key factors:
- Stringent Regulatory Requirements: Increasing global regulations regarding pharmaceutical and medical device labeling are compelling manufacturers to adopt advanced labeling solutions.
- Rising Demand for Precision in Medical Labeling: The growing emphasis on patient safety and accurate medication administration is accelerating the demand for high-quality, durable labels.
- Technological Advancements in Labeling Solutions: The adoption of smart labeling technologies, including RFID (Radio-Frequency Identification) and QR-coded labels, is enhancing tracking and authentication capabilities, further fueling market expansion.
- Expansion of the Pharmaceutical and Biotechnology Sectors: The rapid growth of the pharmaceutical industry, driven by increasing drug approvals and research activities, is augmenting the need for specialized labels.
- Increasing Investments in Laboratory Infrastructure: The expansion of research facilities, diagnostic centers, and laboratories worldwide is creating substantial demand for laboratory labels.
Key Takeaways From the Healthcare and Laboratory Labels Market
- The global healthcare and laboratory labels industry recorded a CAGR of 1.7% between 2020 and 2024.
- The industry’s growth remained positive, reaching a market value of USD 4,170.2 million in 2024.
- The USA is expected to lead the North American market, with a projected CAGR of 3.2% through 2035.
- In South Asia & Pacific, India is forecasted to experience significant growth, with a CAGR of 6.2% by 2035.
- Direct thermal printing technology is anticipated to expand at a CAGR of 3.1% from 2025 to 2035.
- The hospital end-use segment is expected to grow at a CAGR of 3.2%.
Competitive Landscape
Key participants in the healthcare and laboratory label markets are investing in the development of novel sustainable solutions, as well as forming collaborations. Key healthcare and laboratory label providers have also been acquiring smaller players in order to expand their footprint and further enter the healthcare and laboratory label industry across numerous geographies.
Recent Industry Developments in the Healthcare and Laboratory Labels Market
- In January 2024, Cardinal Health that it has entered into a definitive agreement to acquire Specialty Networks, a technologyenabled multi-specialty group purchasing and practice enhancement organization for USD 1.2 billion in cash.
- In December 2024, Sonic Healthcare Limited announced acquisition of LADR – Laboratory Group Dr. Kramer & Colleagues (‘LADR’) – one of the ‘Top 5’ medical laboratory groups in Germany.
Key Players of the Healthcare and Laboratory Labels Industry
- CCL Industries Inc.
- Brady Corp
- Sato Holdings Corporation
- InkREADible Labels Limited
- Schreiner Group
- Shamrock Labels
- Chicago Tag & Label, Inc.
- Caresfield
- United Ad Label
- Medlabel
- T&L Graphic System
Key Segments of the Healthcare and Laboratory Labels Industry
By Material Type:
In terms of material type, the industry is divided into polyolefin, PET, PVC, paper, and others (fabric, metallized, etc.).
By Printing Technology:
In terms of printing technology, the industry is segregated into direct thermal, thermal transfer, inkjet printing, and laser printing.
By Adhesive:
By adhesive, the market is divided into permanent and removable.
By End Use:
The market is classified by end use such as hospitals, laboratories, clinical trials, independent clinics, blood banks, diagnostic centers, veterinary labs, ambulatory surgery centers (ASCs), and outpatient surgery centers.
By Region:
Key countries of North America, Latin America, East Asia, South Asia & Pacific, Western Europe, Eastern Europe, and the Middle East & Africa have been covered in the report.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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