Market for barcode scanners surge with growing demand from the healthcare sector

Technology - Mohit Shah - Sep 21,2017

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market for barcode scanners surge with growing demand from the healthcare sector

As per research reports, the North American market for barcode scanner is likely to expand at a CAGR of 6.9% during the period 2017 to 2027.

The effectiveness of barcode scanners in the medical sector is quite appealing. Any sort of medical errors in the hospitals as a result of inappropriate medication, in most cases due to wrongful diagnosis, can result in patients losing their lives. To avoid such errors, a number of hospitals are trusting computer set database for maintaining up-to-date patient information. This task is achieved through the use of barcode scanners, which help in correcting errors quite significantly.

The region of North America is spotted to be the prime contributor to the advancement of the barcode scanners market. As per chief research statistics, North America is expected to create a total incremental opportunity of more than US$ 1500 Mn during the period between 2017 and 2027. If the region retains this pace, then the North American market might expand at a CAGR of 6.9% until 2027.

Not only the healthcare sector, but the demand for barcode scanners in the retail and manufacturing industries is quite substantial. It is interesting to know that, barcode scanners have become one of the preferred solutions for product information capturing. A large number of retailers worldwide use barcodes for accessing a hassle-free recording of supplies and commodities. To make the task simplified barcodes imprinted on labels are pasted on various products; this helps in recording information regarding date of manufacturing, selling price, the date on which the product was supplied to the retailer, product count etc. 

Considering the retail market in North America, major retailers such as Walmart, Carrefour, Costco and IKEA fix barcodes on all their products. Looking at this practice, the market for barcode scanner in North America is indeed flourishing.


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