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Barcode Printers Market Size

  • Report ID: GMI147
  • Published Date: Nov 2021
  • Report Format: PDF

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.

 

Barcode Printers Market Overview

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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.

 

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Global market size of barcode printers surpassed USD 3 billion in 2020 and will witness a CAGR of over 6% between 2021 and 2027 with rising shipment activities and demand for barcode wristbands.

U.S. industrial segment could exhibit a robust CAGR of 5% up to 2027 owing to the application in harsh environments for mission-critical operations.

Asia Pacific contributed around 17% of the market share in 2020 and will grow with increasing penetration of e-commerce warehouses.

Honeywell International Inc., Avery Dennison Corporation, Brother Industries Ltd., Bixolon Co. Ltd., Cognitive TPG LLC, Linx Printing Technologies Ltd (Linx) and Godex International Co. Ltd., among others, are some of the leading players boosting global barcode printers.

Barcode Printers Market Scope

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 25
  • Tables & Figures: 699
  • Countries covered: 18
  • Pages: 400
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