Barcode Printers Market Size, Share, Trend & Growth Forecast to 2024
Global Barcode Printers Market is Projected to grow at 5% CAGR during the period 2017-2024. Barcode Printers Industry research report also provides granular analysis of the market share, Size, segmentation, revenue forecasts and geographic regions of the
(EMAILWIRE.COM, February 22, 2018 ) Barcode printers are commonly used to label retail cartons and items with European Article Numbers (EANs) and Universal Product Codes (UPCs) before shipment. Growing usage of barcodes in the organized retail sector for classification and point of sale (POS) purposes is anticipated to drive the barcode printers market over the coming years. In addition, the trend of mobile sale workforce for carrying out transactions in warehouses has amplified the demand for mobile barcode printers which can wirelessly connect to the network and print receipts instantly.
Barcode Printers Market size is set to exceed USD 3 billion by 2024; according to a new research report.
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Rising demand for barcode wristbands for patient identification in the healthcare industry will positively impact the barcode printers market growth. The most important function barcodes offer the hospital staff is the ability to verify the right patient with appropriate treatment. With the usage of these solutions, access to accurate and reliable patient information along with point-of-care medicine administration, surgical procedure and specimen collection can be successfully achieved. Moreover, barcodes are enabling speedy, accurate data entry and are reducing medical errors for the healthcare industry, thereby allowing time to be spent on enhancing effectiveness instead of manually entering data.
Mobile printers are helping several sales workforces to print high quality receipts, tickets or labels in any environment, and are portable to use. They communicate with smart devices and computers through a USB connection, Bluetooth, or Wi-Fi and boost employee accuracy, efficiency and productivity in several applications. Rise in demand for mobile solutions is anticipated to propel the mobile barcode printers market growth in the coming years owing to growing usage of barcode wristbands in the healthcare industry.
The U.S. barcode printers market was the leading regional segment in 2016. In the region, the Food and Drug Administration (FDA) has made barcode labeling important for certain medications as it has the potential to reduce transcription and medication errors. With this requirement, the National Drug Code (NDC) barcodes all its biological and pharmaceutical products and items used in healthcare facilities with a linear barcode to ensure that expired or counterfeit medications are not being issued to patients, thereby driving the demand.
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Ink-jet, impact and laser technologies will witness slow growth compared to the thermal printing technologies in the coming years. The slow growth of these technologies can be majorly credited to the substantial growth prospects witnessed across the thermal barcode printers market space, which can accomplish critical applications, and offer enhanced image output. Thermal transfer technology is widely used for long-lasting or permanent labelling applications while the direct thermal technology is used to produce receipts, picking & shipping labels, and other applications. Rising demand from short-shelf life applications such as shipping labels and receipts will propel the growth.
Key players operating in the barcode printers market include Zebra Technologies, TSC Auto ID Technology Co., Ltd Seiko Epson Corporation, Oki Electric Industry Co., Ltd., Avery Dennison, Godex International Co. Ltd, Toshiba Tec Corporation, Honeywell Scanning & Mobility, Printronix, Dascom, and Printek among others. The industry is witnessing a rise in suppliers selling low-cost printers mainly from countries in Asia Pacific, which has led to the barcode printers market being extremely commoditized.
Companies are licensing their product portfolio which include patent rights, and are beneficial in the manufacturing and distribution of the products. Moreover, several vendors are spreading their businesses to emerging regions such as MEA and Latin America, as the North America and Europe barcode printers market appears to be relatively mature. The industry will witness high growth owing to the presence of production facilities in the Asia Pacific countries with enhanced investments from multinational companies in manufacturing, retail, and healthcare sectors.
Growth drivers
Growing e-commerce demand globally
Strong thermal printer sales outlook in Europe & U.S.
Increasing implementation in healthcare applications in North America
UIDAI initiative in India
Attractive application landscape in Asia Pacific
Growing demand in retail applications in the Middle East
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Related Reports: -
World Barcode Printers Market by Product Type, Market, Players and Regions-Forecast to 2021
Barcode Printers market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
@https://www.marketstudyreport.com/reports/world-barcode-printers-market-by-product-type-market-players-and-regions-forecast-to-2021/?utm_source=RR-SP
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Barcode Printers Market size is set to exceed USD 3 billion by 2024; according to a new research report.
Request a Sample Copy of Global Barcode Printers Market Research Report @ https://www.marketstudyreport.com/request-a-sample/467622//?utm_source=EMIW-SP
Rising demand for barcode wristbands for patient identification in the healthcare industry will positively impact the barcode printers market growth. The most important function barcodes offer the hospital staff is the ability to verify the right patient with appropriate treatment. With the usage of these solutions, access to accurate and reliable patient information along with point-of-care medicine administration, surgical procedure and specimen collection can be successfully achieved. Moreover, barcodes are enabling speedy, accurate data entry and are reducing medical errors for the healthcare industry, thereby allowing time to be spent on enhancing effectiveness instead of manually entering data.
Mobile printers are helping several sales workforces to print high quality receipts, tickets or labels in any environment, and are portable to use. They communicate with smart devices and computers through a USB connection, Bluetooth, or Wi-Fi and boost employee accuracy, efficiency and productivity in several applications. Rise in demand for mobile solutions is anticipated to propel the mobile barcode printers market growth in the coming years owing to growing usage of barcode wristbands in the healthcare industry.
The U.S. barcode printers market was the leading regional segment in 2016. In the region, the Food and Drug Administration (FDA) has made barcode labeling important for certain medications as it has the potential to reduce transcription and medication errors. With this requirement, the National Drug Code (NDC) barcodes all its biological and pharmaceutical products and items used in healthcare facilities with a linear barcode to ensure that expired or counterfeit medications are not being issued to patients, thereby driving the demand.
Enquire Discount on Global Barcode Printers Market Research Report @ https://www.marketstudyreport.com/check-for-discount/467622//?utm_source=THFN-SP
Ink-jet, impact and laser technologies will witness slow growth compared to the thermal printing technologies in the coming years. The slow growth of these technologies can be majorly credited to the substantial growth prospects witnessed across the thermal barcode printers market space, which can accomplish critical applications, and offer enhanced image output. Thermal transfer technology is widely used for long-lasting or permanent labelling applications while the direct thermal technology is used to produce receipts, picking & shipping labels, and other applications. Rising demand from short-shelf life applications such as shipping labels and receipts will propel the growth.
Key players operating in the barcode printers market include Zebra Technologies, TSC Auto ID Technology Co., Ltd Seiko Epson Corporation, Oki Electric Industry Co., Ltd., Avery Dennison, Godex International Co. Ltd, Toshiba Tec Corporation, Honeywell Scanning & Mobility, Printronix, Dascom, and Printek among others. The industry is witnessing a rise in suppliers selling low-cost printers mainly from countries in Asia Pacific, which has led to the barcode printers market being extremely commoditized.
Companies are licensing their product portfolio which include patent rights, and are beneficial in the manufacturing and distribution of the products. Moreover, several vendors are spreading their businesses to emerging regions such as MEA and Latin America, as the North America and Europe barcode printers market appears to be relatively mature. The industry will witness high growth owing to the presence of production facilities in the Asia Pacific countries with enhanced investments from multinational companies in manufacturing, retail, and healthcare sectors.
Growth drivers
Growing e-commerce demand globally
Strong thermal printer sales outlook in Europe & U.S.
Increasing implementation in healthcare applications in North America
UIDAI initiative in India
Attractive application landscape in Asia Pacific
Growing demand in retail applications in the Middle East
Order a copy of this premium research report @ https://www.marketstudyreport.com/securecheckout/paymenta/467622?msfpaycode=sumsf/?utm_source=THFN-SP
Related Reports: -
World Barcode Printers Market by Product Type, Market, Players and Regions-Forecast to 2021
Barcode Printers market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
@https://www.marketstudyreport.com/reports/world-barcode-printers-market-by-product-type-market-players-and-regions-forecast-to-2021/?utm_source=RR-SP
About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Contact Us:
Market Study Report
The Green Suite #4594,
Dover, DE 19901
United States
Phone: 1-201-355-0868
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
News: https://www.marketstudyreport.com/category/news-releases/
Contact Information:
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Tel: 1-201-355-0868
Email us
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Market Study Report
Arun Hegde
Tel: 1-201-355-0868
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results