Market Overview:
The global healthcare barcode technology market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for barcode printers, barcode verifiers, and barcode scanners in the clinical and non-clinical applications across different regions. Additionally, the growing adoption of healthcare IT solutions is also contributing to the growth of this market. On the basis of type, the global healthcare barcode technology market can be segmented into barcode printers, barcode verifiers, and barcode scanners. The demand for these products is expected to increase during the forecast period owing to their growing use in various clinical and non-clinical applications across different regions.
Product Definition:
Healthcare barcode technology is a system that uses barcodes to track medical items and patients throughout the healthcare system. The technology allows for the tracking of items from the time they are manufactured until they are used by a patient. This helps to ensure that all medical items are properly accounted for and reduces the risk of mix-ups or shortages. Healthcare barcode technology can also be used to track patients' movements through hospitals and other healthcare facilities. This helps to ensure that patients receive appropriate care and avoid being discharged prematurely or staying too long in an institution.
Barcode Printers:
The global barcode printers market is expected to grow at a CAGR of XX% during the forecast period. The growth can be attributed to factors such as increasing demand for high volume, low-cost printing; growing adoption in retail and healthcare industries; and technological advancements in printers.
Barcode Printers are used by hospitals, clinics & diagnostic centers for various purposes such as tracking patient’s information & maintaining records, inventory management etc.
Barcode Verifiers:
Barcode verifiers are computer programs that compare the printed or entered barcode number with the database for verification. It is used in healthcare to ensure accurate and reliable identification of medical devices, pharmaceutical products, and patient records. The technology helps avoid counterfeit drugs & medical device by providing unique product identification code which can be read by scanners and computers.
Application Insights:
The clinical applications segment accounted for the largest revenue share in 2017 and is anticipated to maintain its dominance over the forecast period. The growth of this segment can be attributed to an increase in demand for information technology-enabled healthcare services. For instance, according to a study published by Cerner Corporation, it was found that approximately 60% of hospitals have implemented some form of EHR (Electronic Health Records) system while 40% are still working on it and another 20% are yet to make a decision. Such statistics reflect the growing need for barcode technology across various clinical applications within hospitals.
Non-clinical applications include administrative functions such as billing, accounts management, payment processing among others which require advanced technologies due to high data volumes and fast data transfer rates required from these systems.
Regional Analysis:
North America dominated the global healthcare barcode technology market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and increasing demand for efficient data management are some major factors responsible for its large share. Furthermore, the implementation of EHRs that support barcoding is further augmenting the growth in this region. According to a study conducted by IHI Corporation and OptumInsight LLC., around 89% hospitals in U.S have implemented Electronic Health Records (EHR).
Asia Pacific is expected to grow at a lucrative rate during the forecast period owing to rising government initiatives towards improving healthcare outcomes at lower costs coupled with growing patient awareness regarding these initiatives.
Growth Factors:
- Increasing demand for barcode technology in the healthcare sector to improve patient safety and reduce medical errors.
- Growing number of hospitals and clinics adopting barcode technology for tracking medical supplies, medications, and patients' records.
- Rising demand for automated medication dispensing systems in hospitals and pharmacies using barcode scanning technology.
- Proliferation of mobile health (mHealth) applications that use barcodes to track patient vital signs, medication history, etc.
- Increasing use of RFID tags along with barcodes to track hospital assets and patients
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare Barcode Technology Market Research Report
By Type
Barcode Printers, Barcode Verifiers, Barcode Scanners, Other
By Application
Clinical Applications, Non-Clinical Applications
By Companies
Zebra Technologies, Honeywell International, Datalogic, Bluebird Inc, Godex International, Code Corporation, Toshiba Tech Corporation, SATO Worldwide, JADAK Tech, Axicon Auto ID, Microscan System, Unitech Electronics, Opticon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare Barcode Technology Market Report Segments:
The global Healthcare Barcode Technology market is segmented on the basis of:
Types
Barcode Printers, Barcode Verifiers, Barcode Scanners, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Clinical Applications, Non-Clinical Applications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Zebra Technologies
- Honeywell International
- Datalogic
- Bluebird Inc
- Godex International
- Code Corporation
- Toshiba Tech Corporation
- SATO Worldwide
- JADAK Tech
- Axicon Auto ID
- Microscan System
- Unitech Electronics
- Opticon
Highlights of The Healthcare Barcode Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Barcode Printers
- Barcode Verifiers
- Barcode Scanners
- Other
- By Application:
- Clinical Applications
- Non-Clinical Applications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Healthcare Barcode Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Healthcare barcode technology is a type of scanning and reading technology that can be used in healthcare settings to track patient information. Healthcare barcodes are typically small, square, black and white symbols that are printed on medical records or other documents related to a patient's care. They can be scanned by electronic health record (EHR) systems to automatically populate relevant data fields on patients' charts or discharge summaries.
Some of the major players in the healthcare barcode technology market are Zebra Technologies, Honeywell International, Datalogic, Bluebird Inc, Godex International, Code Corporation, Toshiba Tech Corporation, SATO Worldwide, JADAK Tech, Axicon Auto ID, Microscan System, Unitech Electronics, Opticon.
The healthcare barcode technology market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Healthcare Barcode Technology Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Healthcare Barcode Technology Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Healthcare Barcode Technology Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Healthcare Barcode Technology Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Healthcare Barcode Technology Market Size & Forecast, 2020-2028
4.5.1 Healthcare Barcode Technology Market Size and Y-o-Y Growth
4.5.2 Healthcare Barcode Technology Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Barcode Printers
5.2.2 Barcode Verifiers
5.2.3 Barcode Scanners
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Clinical Applications
6.2.2 Non-Clinical Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Healthcare Barcode Technology Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Healthcare Barcode Technology Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Barcode Printers
9.6.2 Barcode Verifiers
9.6.3 Barcode Scanners
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Clinical Applications
9.10.2 Non-Clinical Applications
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Barcode Printers
10.6.2 Barcode Verifiers
10.6.3 Barcode Scanners
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Clinical Applications
10.10.2 Non-Clinical Applications
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Barcode Printers
11.6.2 Barcode Verifiers
11.6.3 Barcode Scanners
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Clinical Applications
11.10.2 Non-Clinical Applications
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Barcode Printers
12.6.2 Barcode Verifiers
12.6.3 Barcode Scanners
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Clinical Applications
12.10.2 Non-Clinical Applications
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Barcode Printers
13.6.2 Barcode Verifiers
13.6.3 Barcode Scanners
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Clinical Applications
13.10.2 Non-Clinical Applications
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Healthcare Barcode Technology Market: Competitive Dashboard
14.2 Global Healthcare Barcode Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Zebra Technologies
14.3.2 Honeywell International
14.3.3 Datalogic
14.3.4 Bluebird Inc
14.3.5 Godex International
14.3.6 Code Corporation
14.3.7 Toshiba Tech Corporation
14.3.8 SATO Worldwide
14.3.9 JADAK Tech
14.3.10 Axicon Auto ID
14.3.11 Microscan System
14.3.12 Unitech Electronics
14.3.13 Opticon
