Barcode Scanner Market

Barcode Scanner Market

Barcode Scanner Market: APEJ Anticipated to Exhibit Significant Value and Volume Growth over the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2017-2027

  • XPLREP1590

  • May, 2017

  • 232 Pages

  • Industrial Automation

North America is likely to hold a substantial market share in the global barcode scanner market

North America is expected to create total incremental opportunity of more than US$ 1500 Mn between 2017 and 2027. The North America barcode scanner market is expected to account for a little more than 30% value share by the end of 2017. The region is projected to expand at a CAGR of 6.9% over the forecast period. Sales of barcode scanners in the U.S. is estimated to be valued at US$ 1404.8 Mn by the end of 2017 and is expected to witness significant growth over the forecast period, exhibiting high value–high growth. However, the barcode scanner market in Canada is expected to incline towards low value–high growth during the forecast period. Canada is projected to represent total incremental opportunity of more than US$ 240 Mn between 2017 and 2027.

Increasing use of barcode scanners in the healthcare sector is fuelling the growth of the barcode scanner market in North America

Barcode scanners are being increasingly adopted in every aspect of the healthcare industry. According to the Institute of Medicine of the National Academies (IMNA), most of the medical errors caused in a hospital during the stay of a patient are due to improper medication, which in turn is a result of wrong diagnosis resulting in loss of life. Hence, hospitals these days prefer a computer prescribed database to feed the updated information of a patient. Through the use of barcode scanners, every possible error can be rectified. Tracking exact patient records and reducing drug-related mistakes during a patient’s hospital stay becomes easy. This has led to an increase in demand for barcode scanners in North America.

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Barcode Scanner Market: APEJ Anticipated to Exhibit Significant Value and Volume Growth over the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2017-2027
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