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The North America cryogenic label printer market reached a value of around USD 95.00 million in 2023. During the forecast period between 2024 and 2032, the market is expected to grow at a CAGR of 4.1% to reach around USD 136.39 million by 2032.
North America Cryogenic Label Printer Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | 95.00 |
Market Size 2032 | USD Million | 136.39 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 4.1% |
CAGR 2024-2032 - Market by Region | United States | 4.5% |
CAGR 2024-2032 - Market by Region | Canada | 3.7% |
CAGR 2024-2032 - Market by Product Type | Desktop Printers | 4.5% |
CAGR 2024-2032 - Market by End Use | Healthcare & Pharmaceuticals | 4.5% |
Market Share by Country | United States | XX% |
The growing adoption of personalised testing and sampling in healthcare sector is propelling the growth of North America cryogenic label printer market. This is because increasing footfall of patients increases the use of labels, which in turn, drives the demand for cryogenic label printers. Moreover, these printers create high-quality labels, which help identify specimen tubes, containers, and streamline sample tracking in hospitals and medical labs.
The launch of new printers with features like QR code and barcode printing and the integration of cryogenic label printers with laboratory information management systems (LIMS) are key trends in the North America cryogenic label printer market. These modern features improve tracking of patient data and samples. As the healthcare sector of the region expands, demand for pharmaceutical and pathological laboratories will also grow. Moreover, the ongoing expenditure on improving the healthcare sector by government are additional drivers for market’s growth.
There are distinct advantages and use cases for both desktop and portable cryogenic label printers in North America. Desktop printers lead with a CAGR of 4.5% from 2024 to 2032. This growth is driven by the increasing demand for high-volume, precise labelling solutions in laboratories, healthcare, and biotechnological applications where fixed workstations are preferred for managing large quantities of samples. Desktop printers offer robustness, reliability, and superior print quality, making them ideal for these settings, thereby impacting the desktop cryogenic label printer demand growth.
Portable printers, with a CAGR of 3.7%, follow due to their growing adoption in environments requiring mobility and flexibility, such as field research, smaller labs, and situations where space is limited. Despite their slower growth rate, portable printers are valued for their convenience and versatility, catering to specific niche applications in the cryogenic labelling market.
CAGR 2024-2032 - Market by | Product Type |
Desktop Printers | 4.5% |
Portable Printers | 3.7% |
CAGR 2024-2032 - Market by | End Use |
Healthcare & Pharmaceuticals | 4.5% |
Research Laboratories | 4.3% |
Food & Beverage | 3.9% |
Others | 3.7% |
These growth rates reflect the diverse and essential applications of cryogenic label printers across different industries, highlighting their importance in maintaining high standards of accuracy and safety.
The United States leads with a CAGR of 4.5% from 2024 to 2032. This growth is driven by the increasing demand for precise and durable labelling solutions in healthcare, biotechnology, and pharmaceuticals industries, which require accurate identification of samples stored at ultra-low temperatures. Additionally, the presence of major research institutions and a robust healthcare infrastructure positively influence North America cryogenic label printer market revenue. Canada, with a CAGR of 3.7%, follows due to similar needs in its healthcare and research sectors. The growth in Canada's market is also supported by advancements in biotechnology and increased investments in healthcare infrastructure.
CAGR 2024-2032 - Market by | Country |
United States | 4.5% |
Canada | 3.7% |
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the North America cryogenic label printer market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the North America cryogenic label printer market.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the North America cryogenic label printer market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the North America cryogenic label printer market landscape.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Cryogenic Label Printer Market Analysis
8.1 Key Industry Highlights
8.2 North America Cryogenic Label Printer Historical Market (2018-2023)
8.3 North America Cryogenic Label Printer Market Forecast (2024-2032)
9 North America Cryogenic Label Printer Market by Product Type
9.1 Desktop Printers
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Portable Printers
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 North America Cryogenic Label Printer Market by End Use
10.1 Healthcare & Pharmaceuticals
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Food & Beverage
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Research Laboratories
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 North America Cryogenic Label Printer Market by Country
11.1 United States
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Canada
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Brady Corporation
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 GA International
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 EBS Ink-Jet Systems USA Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 CAB Produkttechnik GmbH & Co KG
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Weber Packaging Solutions
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Key Trends and Developments in the Market
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