Global Healthcare Barcode Technology Market

Global Healthcare Barcode Technology Market Size, Share, Growth Analysis, By Product(Barcode scanners, barcode printers), By Application(Non-Clinical and Clinical) - Industry Forecast 2024-2031


Report ID: SQMIG35G2109 | Region: Global | Published Date: April, 2024
Pages: 219 | Tables: 61 | Figures: 75

Global Healthcare Barcode Technology Market Dynamics

Driver

Increase in the adoption of barcodes by medical experts

  • Numerous use of barcode readers by doctors, nurses, and medical staff to improve their safety and maintain errorless medical records drive the growth of global healthcare barcode technology market. Hospitals and medicals used barcode reader devices for checking and maintaining patient’s records.

Advancement in the technology of barcode reader

  • Advancements in barcode technology have increased the growth of the 2D and 3D devices market. Installation and handling of barcode reader devices are easy. Development in mobile barcode readers increased the demand for global healthcare barcode technology market.

Restraint

Regulations on various raw materials used in the healthcare barcode printer

  • There are some regulations on using raw materials for making barcodes, this factor hampers the growth of the global healthcare barcode technology market. Barcodes have no read or write capabilities in it. They do not have any added information on it like the expiry date. They only contain manufacturers and products. They have labour intensive and must have scanned individually. This factor also hampers the growth of global healthcare barcode technology market. Other factors include high cost of barcode scanners, inconvenience of moving the barcode scanner from one place to another, and lack of awareness of the barcode scanner machine by some of the shopkeepers.
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FAQs

Healthcare Barcode Technology Market size was valued at USD 9.84 billion in 2022 and is poised to grow from USD 10.52 billion in 2023 to USD 17.91 billion by 2031, growing at a CAGR of 6.88% during the forecast period (2024-2031).

Global healthcare barcode technology market has characterized by international and domestic market players. The key players adopted strategies such as mergers & acquisitions and collaborations to enhance the growth of global healthcare barcode technology market. Top market players are heavily investing in R&D activities to enhance the presence and growth of the market. Companies spend a lot of money on awareness and promoting barcode technology. 'Honeywell International Inc.', 'Zebra Technologies Corporation', 'Datalogic S.p.A.', 'Bluebird Inc.', 'Code Corporation', 'Toshiba Tec Corporation', 'Sato Holdings Corporation', 'Wasp Barcode Technologies', 'Axicon Auto ID Ltd.', 'Zetes Industries SA', 'Opticon Inc.', 'Alien Technology Corporation', 'Unitech Electronics Co., Ltd.', 'Microscan Systems, Inc. (Omron Corporation)', 'TSC Auto ID Technology Co., Ltd.', 'Impinj, Inc.', 'Cognex Corporation', 'Epson America, Inc.', 'Motorola Solutions, Inc.', 'Avery Dennison Corporation'

Numerous use of barcode readers by doctors, nurses, and medical staff to improve their safety and maintain errorless medical records drive the growth of global healthcare barcode technology market. Hospitals and medicals used barcode reader devices for checking and maintaining patient’s records.

Barcodes help schools to keep assets safe from theft and mismanagement, and help teachers, administrators and even temporary staff avoid long summer audits. Barcodes have allowed big retailers to innovate and find the most creative and effective solutions for inventory management. Governmental organizations like law enforcement, the military, and the fire department or emergency services are now using barcode technology in their work. 

On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America holds the largest market share of the gobal market. The development of several healthcare facilities in the USA is responsible for the growth of the market. McKesson is the largest company in the U.S. and the annual revenue of the company is USD 208.3 billion. The United States spends greater amounts on the healthcare industry, including research, medical technology, and inventions than the world. The demand for innovative technologies to confirm patient safety is constantly increasing, which is expected to drive the growth of the healthcare barcode technology market in the coming years.

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Global Healthcare Barcode Technology Market

Product ID: SQMIG35G2109

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