North America to Capture over 30% Value Share in the Global Market for Barcode Scanners by the End of 2027

Barcode scanners find wide application in North America’s healthcare sector. Many medical errors occur in hospitals due to inappropriate medication, which is usually the case of a wrongful diagnosis and this can result in the patients losing their lives. To avoid such errors, most of the hospitals presently use a computer set database to maintain up-to-date patient information. This is achieved by using barcode scanners and errors can be corrected using this tool. Barcode scanners are used to track the records of patients in the hospital and help reduce drug related errors during the stay of the patient in the hospital. All the major retailers in North America such as Carrefour, IKEA, Costco and Walmart use barcode scanners to maintain their huge product inventory. These factors are driving the market for barcode scanners in the North America region. In order to study this market in greater detail, Market Research Reports Search Engine (MRRSE) has included a new report in its database titled ‘Barcode Scanner Market: Global Industry Analysis and Opportunity Assessment, 2017-2027’.

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Barcode scanners are also increasingly being used across the retail sector and in the manufacturing industry in the North America region. With the help of barcode scanners, product information can be captured easily. Barcodes are typically printed on labels and these labels in turn are fixed on the different products. This helps record information like the count of the particular product, its manufacturing date and price of the product, etc. This kind of information is saved and checked after the scanning of the products. This whole procedure can be finished in the matter of a very few seconds using a barcode scanner and this reduces the chances of errors. Barcode scanners have also helped retailers maintain their inventory in warehouses and shop floors.

Regional Market Analysis
North America is forecasted to present a total incremental dollar opportunity of about US$ 1500 Mn during the assessment period 2017-2027. The North America regional market is anticipated to capture more than 30% value share by the end of 2017. North America is anticipated to exhibit a CAGR of 6.9% during the assessment period. In the United States, the sales of barcode scanners are estimated to be about US$ 1405 Mn by the end of 2017, and is anticipated to exhibit a high value growth. The Canada regional market for barcode scanners is likely to present a total incremental dollar opportunity of about US$ 240 Mn during the period of forecast.

Segmental Forecast
The handheld/portable product type segment is predicted to exhibit a 5.7% CAGR in terms of volume during the period of assessment. This is due to the increased demand arising from the manufacturing and retail sectors in the North America region. By end use, the healthcare segment is predicted to display a gain of over 350 BPS during the period of assessment due to the swelling demand across hospitals in this region.

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New Trends in the North America Regional Market
Barcoding has been used in the United States since the early 1950’s. Currently, barcodes are being increasingly used in the retail sector in this region and is used for information tracking as well as recording of products. High end barcode scanners such as cordless scanners, omni-directional scanners, rugged scanners and many other types of barcode scanners are being used in the region across various types of industries. However, the growth rate of the CCD and pen type reader is lesser as compared to the other type of technologies in North America. Also, another regional trend is the increasing adoption of barcode scanners in hospitals and theme parks.

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