Cryogenic Label Market: Overview
Cryogenic labels are designed to indicate the lowest temperature suitable for storage purpose. The labels are developed in a manner so that it can be readable and stay adhesive for required time period. Cryogenic labels are meant to be stored at very cold temperature, hence, combination of laminate and adhesive are used to manufacture the labels so that it can stick to the container for very long period of time.
The global cryogenic label market is primarily driven by healthcare industry. It is used to label the urine and blood samples. Thus, players operating in the cryogenic label market keep a track of change in trends in the healthcare industry.
Cryogenic labels aids to mitigate the error for biological test. Writing the information directly on the sample container could be altered using the cryogenic labels. Further, increase in the number of diagnostic centers from the healthcare industry is anticipated to boost the global cryogenic labels market during the forecast period.
The upcoming reports provides comprehensive details about key factors driving the growth of the global cryogenic labels. It includes details of various segments and drivers likely to boost market in the tenure of forecast period (2019-2027). Further, factors which may restrain market growth is also discussed in the report.
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Cryogenic Label Market: Notable Developments
The section of the report aims to provide on-going development in the global cryogenic label market and its impact on future growth of the target market. The developments are anticipated to escalate the market growth.
In January 2018, Avery Dennison RFID expanded its pharmaceutical and healthcare branch to include new UHF RFID inlay solution for operation in a broader medical environment.
Similarly, in August 2017, Brady’s Brand Protection business signed strategic partnership with Kezzler and Honeywell to introduce product authentication labelling and tracking of a leading industrial product.
Some of the key companies operating in the global cryogenic label market are
LVL technologies GmbH & Co. KG
Nev's Ink, Inc.
GA International Inc.
Diversified Biotech, Inc.
Argos Technologies, Inc.
Bel-Art Products, Inc.
Biologix Group Ltd.
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Cryogenic Label Market: Key Trend
The global cryogenic labels market is likely to grow on back of healthcare industry. Increase in number of diagnostic center for biomedical and biological tests to diagnose the disease is one of the key driving factors for growth of the global cryogenic label market.
Cryogenic labels are easy to stick, durable, and cost effective. These factors conjointly are projected to drive the global cryogenic label market.
Range of a cryogenic products such as laser sheets, containers, indicator, vials, rolled labels, and racks are widely used in the cryogenic process. Further, demand for cryogenic label is anticipated to be driven by improving facilities and operational activity in healthcare industry.
Meanwhile, cryogenic label market is witnessing demand from fish shipping industry, wherein fish is stored in low temperature to prevent spoilage.
Besides biological samples, cryogenic label sample is also used while storing beverage and other food items.
Cryogenic Label Market: Regional Analysis
In the regional segment, Europe is anticipated to emerge as largest space for cryogenic labels due to growing healthcare services. Meanwhile, North America and Latin America are likely to follow growth trajectory of Europe cryogenic label market.
On the other hand, Asia Pacific cryogenic label market is anticipated to register progressive growth rate during the forecast period. The growth rate is attributed to growing healthcare facilities and rising trade for the processed meat.
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