Barcode Readers Market To Rear Excessive Growth During 2020-2030

Barcode Technology Helps Track Medical Device Inventory amidst COVID-19 Outbreak

Hospitals are using the barcode technology to track the inventory of medical devices amidst the ongoing COVID-19 (coronavirus) outbreak. Since healthcare facilities in Brazil, India, Russia, and the U.S. are overwhelmed with the growing number of active COVID-19 cases, companies in the barcode readers market are helping healthcare workers manage their supplies and capital equipment with the help of the barcode technology. There is a rising need for structured data to manage the medical devices inventory, which is being made possible with the help of barcode readers. Even the National Health Service (NHS) in the U.K. is recommending the barcode technology to optimize patient safety amidst the pandemic.

Medical device suppliers are preparing product data in order to adhere to the procurement contract standards set by government health service organizations. Hence, manufacturers in the barcode readers market are helping these suppliers to have a structured data in place.

Proliferation of AR Sparks Innovation in Hands-free Scanners with Digital Eyewear
Hands-free scanners with digital eyewear have become a game changer for end users in retail and logistics sectors. Scandit – a provider of barcode scanning software and technology solutions has introduced wearable devices equipped with barcode scanning and helps deliver real-time feedback that helps users to upgrade their business operations. Innovative wearable devices are contributing toward favorable growth of the barcode readers market, where the market is projected to reach US$ 10.1 Bn by 2030.

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The proliferation of augmented reality in digital eyewear barcode readers is revolutionizing the product scanning technology. Wearable scanning devices hold promising potentials in replacing expensive hardware OEM scan engines. Simple and fast software integration is the key to turn any device with a camera into a powerful barcode reader.

Barcode versus QR Code, RFID, and NFC: Which is better?

The RFID, BLE, NFC and GPS technologies are acquiring prominence in retail activities. This is explains why the global barcode readers market is estimated to register a modest CAGR of ~4% during the forecast period. On the other hand, QR (Quick Response) code scanning is possible with the help of smartphones to encode versatile data such as numeric and binary data. In order to address this stiff competition, companies in the barcode readers market are focusing more on software integration in devices so that scanning is possible using any smart device.

The RFID automatically collects data by reducing human error, while BLE is cost-efficient as compared to RFID. However, barcode is a universal technology, which will take several years to become obsolete.

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2D Image-based Barcode Readers Aid in High-speed Sorting Applications

High-speed sorting applications have fueled the demand for barcode readers. Datalogic Group – a specialist in automatic data capture and process automation, has announced the launch of the AV500™ imager, a unique 2D image-based barcode reader meant for high-speed sorting applications. The demand for 2D image-based barcode readers is soaring in the retail e-Commerce sector, airport baggage handling, and parcel/postal sortation. Manufacturers in the barcode readers market are developing devices that cover all conveyor sizes and static reading applications.

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