During the projected period, rising adoption of barcode scanners in the healthcare industry is anticipated to fuel market expansion for these devices. More and more applications of the healthcare industry are using barcode scanners. With the use of barcode scanners, recording exact patient information has advanced, allowing for the correction of any inaccuracies that might occur as well as a reduction in medication-related errors when a patient is being treated in the hospital. Additionally, according to IMNA, the technology of barcode scanners may correct about 51% of pharmaceutical errors. Every drug is given a National Drug Code, a 10-digit identification number, according to the U.S. Food and Drug Administration (FDA), so that the relevant drug information can be quickly and simply recorded and kept. Therefore, during the forecast period, these factors are anticipated to fuel the expansion of the worldwide barcode scanners market. Over the forecast period, rising preference for the industrial and retail sectors is anticipated to fuel the expansion of the global barcode scanners market. The industry and retail sectors are progressively adopting barcode scanners. It has emerged as one of the top methods for gathering product data.
According to Coherent Market Insights, With a value of US$ 5,960.1 Mn and a volume of 234,51329.4 in 2019, the global Barcode Scanners Market is projected to develop at a CAGR of 7.6% from 2020 to 2027.
Leading Companies in the Barcode Scanners Industry:
1. JC Square Inc.
The company was founded in 2005 and has its main office in Yeoksamdong, Seoul-t'ukpyolsi, and South Korea. IoT services are offered by JC Square for smart buildings, retail, and offices. Full-service professional partner in construction and remodelling is JC Squared, Inc. the business focuses on outdoor living spaces.
2. Honeywell International Inc.
The company was started in 1906 and is located in North Carolina, United States. The business offers aerospace goods and services, control, sensing, and security systems for commercial buildings, as well as solutions for safety and productivity. Honeywell launched Bangalore Safe City Project's first phase successfully in March 2023. The new premium range for the Indian market, Blenze Pro Wiring Devices, was introduced by Honeywell in March 2023.
3. Zebra Technologies Corporation
The company was started in 1969 and is based in Lincolnshire, Illinois, United States. The business provides interactive kiosks, mobile computers, printers, barcode scanners, RFID, locating systems hardware, software, and printing supplies. Matrox Imaging, a producer of machine vision systems and components, was purchased by Zebra in 2022. Zebra purchased Reflexis Systems in 2020.
4. Toshiba TEC Corporation
The business was founded in 1950 and is located in Tokyo, Japan. The business produces electronic devices for home use, document processing, and distribution systems. The company sells hoover cleaners, bar code scanners, copy machines, printers and point-of-sale (POS) systems.
5. Wasp Barcode Technologies
The company was started in 1994 and is based in East Peckham, Kent, and United Kingdom. The company's operation includes offering a range of commercial services. With a focus on applications for asset tracking and inventory management, Wasp is a world leader in turnkey software and hardware solutions.
6. Cognex Corporation
The company was founded in 1981 and is based in Natick, Massachusetts, United States. The American company Cognex Corporation produces machine vision systems, software, and sensors for automated manufacturing that are used to examine and identify components, find flaws, confirm product assembly, and direct assembly robots. The In-Sight® 3800 Vision System from Cognex Corporation will be available in April 2023 for quick, accurate aI-based inspections.
7. Scandit AG
The firm was started in 2009 and is based in Zurich, Switzerland. The business offers software for intelligent data capture. A new collaboration with Scandit was announced by Samsung Electronics in October 2020. The National Health Service in the UK decided to digitise the COVID-19 testing programme in April 2021 using computer vision technology from Scandit.
Definition: An electrical tool called a barcode scanner is used to decrypt data stored on computers as coded bar lines. It is typically used to record the data marked on the product. All barcode readers typically feature circuitry for analysis that is provided by sensors.
