Medical Device Labeling Market

Medical Device Labeling Market Distribution by Types of Labels (Glue Applied, Pressure Sensitive, In Mold, Sleeve and Others), Type of Material (Paper, Plastic and Film), Application Areas (Therapeutic Devices, Diagnostic Devices, Drug Delivery Devices and Other Devices), Device Classes and Geographical Regions: Industry Trends and Global Forecasts, 2019 - 2030

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Medical Device Labeling Market Overview

The medical device labeling market for manufacturers is estimated to be worth $509 million in 2019 and is expected to grow at CAGR of 9.8% during the forecast period. 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 medical device labeling requirements 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.  

This image highlights the context of Medical Device Labels Manufacturing Market report This image provides list of Medical Device Label Manufacturers This image presents current market landscape of Medical Device Label Manufacturers

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 medical device labeling market. Moreover, in order to cope up with the innovation in medical device labeling market, 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.

Key Companies in Medical Device Labeling Market

Examples of key label manufacturers engaged in medical device labeling market (which have also been profiled in this market report; the complete list of companies is available in the full report) include Avery Dennison, Labeltape, Maverick Label, Multi-Color, Resource Label Group, Steven Label, Topflight, WS Packaging Group, Faubel, Huhtamaki, Matform, Mondi Group, OPM Group, Schreiner Group, Iwata Label and Syndicate Label. This market report includes an easily searchable excel database of all the label manufacturers providing medical device labels, worldwide.

Scope of the Report

The “Medical Device Labeling Market, 2019-2030 market report features an extensive study of the current market landscape, market size, market share, market growth, market trends, market value, market forecast, market outlook, statistics and future opportunities of the medical device labeling market. The market research also features detailed analysis and an elaborate discussion on the future potential of medical device labeling market.

This image highlights competitive analysis of Medical Device Labels Manufacturers This image presents the attractiveness Matrix for Medical Device Labels This image provides information on mergers and acquisitions of stakeholders engaged in Medical Device Labels Manufacturing

Amongst other elements, the market research report includes:

  • A detailed review of the overall landscape of companies offering manufacturing services for medical device labels, along with information on location of headquarters, year of establishment, company size, details related to regulatory certification / accreditation, types of label printing technologies used (digital, flexographic, screen, foil stamping, embossing, thermal, offset and others), types of labels manufactured (glue-applied, pressure sensitive, shrink-sleeve, in mold, custom die-cut, cut and stack and others), additional label-related features (extended content, external conditions proof, traceability and tamper-evident),  type of material used (paper, plastic and film) and the manner in which the labels are folded (map fold, fan fold, mini fold, booklets, folding cartons and roll fed).
  • An analysis of the various mergers and acquisitions that have taken place in medical device labeling market, highlighting the key value drivers of such deals inked between 2014 and 2019 (till June). 
  • A detailed acquisition target analysis, which takes into consideration the historical trend of activity of top acquirers, providing a means for industry stakeholders to identify potential acquisition targets. 
  • An industry-wide benchmark analysis, highlighting the key focus areas of small, mid-sized and large companies, comparing their existing capabilities within and beyond their respective (geography-based) peer groups.
  • A detailed business portfolio analysis based on the 9-box attractiveness and competitiveness (AC) matrix framework, highlighting the current market attractiveness and competitive strength of different printing technologies used by label manufacturers.
  • An elaborate discussion on the various guidelines established by major regulatory bodies, governing medical device labeling-related practices and product approval, across different countries. 
  • Elaborate profiles of key players that claim to have a diverse range of capabilities for the manufacturing of different types of labels for medical devices; each profile includes an overview of the company, its financial performance (wherever available), information on its label manufacturing capabilities and an informed future outlook. 
  • A discussion on important industry-specific trends, key market drivers and challenges, under a SWOT framework, featuring a qualitative Harvey ball analysis that highlights the relative impact of each SWOT parameter on the overall medical device labels market. 
  • A review of the various upcoming opportunities and anticipated future trends related to medical device label manufacturing that are expected to influence the evolution of this industry over the coming years.

The key objective of medical device labeling market report is to provide a detailed market analysis in order to estimate the existing market size, market share, market growth, market trends, market value, market forecast, market outlook, statistics and future opportunity for medical device labeling market during the forecast period. We have provided an informed estimate of the likely evolution of the market in the short to mid-term and long term, for the forecast period 2019-2030. In addition, we have provided the likely distribution of the opportunity across different [A] types of labels (glue applied, pressure sensitive, in mold, sleeve and others), [B] type of material (paper, plastic and film), [C] application areas(therapeutic devices, diagnostic devices, drug delivery devices and other devices), [D] device classes (class I devices, class II devices and class III devices), and [E] geographical regions (North America, Europe, Asia-Pacific and rest of the world). To account for the uncertainties associated with the growth of 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.

All actual figures have been sourced and analyzed from publicly available information forums. Financial figures mentioned in this market research report are in USD, unless otherwise specified.

Frequently Asked Questions

Question 1: What are medical device labels?

Answer: Medical device labels include all the information provided to the customer on the device itself. These labels include symbols, warnings, instructions, and controls of the device.

Question 2: How big is the medical device labeling market?

Answer: The medical device labeling market size is estimated to be worth $509 million in 2019.

Question 3: What is the projected market growth of the medical device labeling market?

Answer: The medical device labeling market is expected to grow at compounded annual growth rate (CAGR) of 9.8% during the forecast period 2019 – 2030.

Question 4: Who are the leading label manufacturers in the medical device labeling market?

Answer: Examples of key companies engaged in medical device labeling market (which have also been profiled in this market report; the complete list of companies is available in the full report) include Avery Dennison, Labeltape, Maverick Label, Multi-Color, Resource Label Group, Steven Label, Topflight, WS Packaging Group, Faubel, Huhtamaki, Matform, Mondi Group, OPM Group, Schreiner Group, Iwata Label and Syndicate Label.

Question 5: How many companies are currently engaged in the medical device labeling market?

Answer: Presently, over 80 companies are currently engaged in the medical device labeling market, providing label manufacturing services for different types of medical devices.

Question 6: How many partnership deals have been inked between the stakeholders engaged in the medical device labeling market?

Answer: More than 30 partnership deals have been inked between the stakeholders engaged in the medical device labeling market, highlighting the consolidation efforts of players in the industry.

Question 7: How many patents related to the medical device labels have been filed / granted?

Answer: Over 6,500 patents related to the medical device labels have been filed / granted, indicating the heightened pace of ongoing research in the industry.

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