FMI Analyzes Impact of COVID-19 on Healthcare and Laboratory Labels Market; Stakeholders to Focus on Long-term Dimensions

This is an all-inclusive research report that covers different aspects of healthcare and laboratory labels market. It revolves around the market study for products that uses labeling or tagging, and provides an analysis of the factors impacting the sale of products and in turn on the labels market. The report also consists of a brief on different application areas for these labels and its market importance, which forms the basis of market’s growth globally.

Research Methodology

FMI utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any. In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.

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Data Collection

FMI collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

Data Validation

In this phase, FMI validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.

Market Taxonomy

By Product Type

  • Pharmaceutical
  • Nutraceutical
  • Medical Devices
  • Blood Bank
  • Hospital Services
  • Laboratory Labels

By Material

  • Nylon
  • Polyester
  • Polyolefin
  • Vinyl
  • Paper and Others

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • SEA & Pacific
  • India
  • China
  • Japan
  • Middle East &
  • Africa

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Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.