Barcode Printers Market Statistical Forecast and Competitive Analysis Report to 2024 - Airtrack, Avery Dennison Corporation, Bixolon Co. Ltd., Brother Industries Ltd., Canon, Inc., Citizen Systems Europe GmbH, Cognitive TPG LLC

Mobile barcode printers market will substantially grow over the forecast timeline owing to their portable nature and ease of usage across several industry verticals, especially the field based applications such as warehousing. They are extensively used by the retail businesses to issue on-the-go receipts and barcodes irrespective of the place and time constraint whether indoor or outdoor. Moreover, these printers can instantly generate barcodes for the visiting patients in hospitals and clinics.

The retail sector is a major application avenue for barcode technology, as it is largely utilized for labeling and storing the product data, enabling to maintain the inventory and provide smoother services to the customers. Rising disposable incomes are further anticipated to boost to the e-commerce sector, thereby propelling the barcode printers market growth. The global retail industry is bound to witness significant gains pertaining to the rise in the per capita income coupled with increased spending power of the consumers, which will subsequently favor product penetration over the coming years.

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The implementation of barcodes in the healthcare facilities enhances the medical services by improving the identification of patients. Several hospitals are authorizing a policy by which the hospitalized patients are mandatorily tied up with barcode wristbands during their stay in the medical care facility. This allows the hospital staff to record and invoke accurate and details about the patient whenever necessary, helping to reduce the medical errors allowing speedy recovery and reduced hospital stay.

Thermal transfer technology segment dominated the overall barcode printers market by accounting for a majority stake of over 65% in 2017. The substantial growth is attributed to several advantages offered by the product including low noise, high speed printing, high reliability, and ease of cleaning and maintaining.

In terms of applications, healthcare sector has emerged as one of the most lucrative avenues for the barcode printers industry growth, owing to extensive deployment of these devices for tracking patient ID systems, specimen collection, and point-of-care medication with least medical errors.

As per reliable reports from Institute of Medicine, medical errors claim as many as 98,000 American lives per year. Addressing the need to reduce medical errors, barcode printers, with an error rate of one in 36 trillion characters are penetrating deeper in the healthcare sector. One of the major contributions in this regard has been the launch of Zebra® QLn220™ mobile printers by Zebra Technologies, a renowned barcode printers market player. Reportedly, by simply scanning the printed barcodes through these mobile printers on ID badges, medications, patient’s wristbands, blood bags, and food trays, the caregivers can ensure whether the specimens are associated with the right patients. It is prudent to mention that the use of barcodes for identification and verification in hospitals and other medical fraternities has not only reduced errors, but has also improved the overall process efficiency and cost effectiveness.

Speaking of the competitive landscape, over the recent years, barcode printers market has witnessed a plethora of new product launches incorporated with advanced printing technology coupled with conventional growth strategies such as M&As, joint ventures, and production capacity expansion. The recent partnership between renowned barcode printers market giant Wasp Barcode Technologies UK and BlueStar, a leading global distributor of RFID, digital signage, POS, and ID security technology, stands as a testament to the aforementioned fact. Reportedly, the collaboration is likely to strengthen and expand Wasp’s product reach in the United Kingdom.

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Partial Chapter of the Table of Content
Chapter 4 Barcode Printers Market, By Product
4.1 Market share by product, 2016 & 2024
4.2 Industrial
4.2.1 Market estimates and forecast, by region, 2013 – 2024
4.3 Desktop
4.3.1 Market estimates and forecast, by region, 2013 – 2024
4.4 Mobile
4.4.1 Market estimates and forecast, by region, 2013 – 2024
Chapter 5 Barcode Printers Market, By Technology
5.1 Market share by technology, 2016 & 2024
5.2 Thermal Transfer
5.2.1 Market estimates and forecast, by region, 2013 – 2024
5.3 Direct Thermal
5.3.1 Market estimates and forecast, by region, 2013 – 2024
5.4 Laser
5.4.1 Market estimates and forecast, by region, 2013 – 2024
5.5 Impact
5.5.1 Market estimates and forecast, by region, 2013 – 2024
5.6 Ink-Jet

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