Barcode Printers Market Size

Barcode Printers Market Size

Barcode Printers Market Size valued at over USD 3 billion in 2020 and is projected to grow at a CAGR of more than 6% from 2021 to 2027. The global industry shipments are poised to cross 5 million units by 2027.

To get key market trends

  Download Free Sample

Due to the increasing demand for barcode wristbands, the overall barcode printers market is witnessing rapid expansion. Modern barcode wristbands offer a simple, definitive means of ensuring that the right patient receives the medical treatment. After wristbands are barcoded to offer basic patient identification, various tracking and data applications that leverage barcode data input are incorporated. When a healthcare professional dispenses medication to a patient, the wristband is scanned to identify the patient, which instantly brings up the patient's electronic health record. Before giving the medication to the patient, the medical staff can check the prescription and dose against the record. It helps to increase the accuracy of patient identification and medication information.

The COVID-19 moderately impacted the barcode printers market credited to the lockdown imposed worldwide. Owing to the COVID-19 pandemic, scheduled product launches and related developments were postponed. This resulted in disruptions to the global supply chain and a decline in sales of barcode printers in the first half of 2020. The industry observed growth in the second half of 2020 attributed to the lockdown relaxation and the resumption of industrial activities. The barcode printers are used to print codes on syringe packages for the COVID-19 vaccine.