Healthcare Industry to have Lion's share in the Barcode Printers Market, reaching US$ 8.55 Billion at a CAGR of 7.4% by 2032
The global barcode printers market stands at US$ 4.18 Billion as of now and is expected to be worth US$ 8.55 Billion by 2032 at a CAGR of 7.4% between 2022 and 2032.
Barcodes do enable retailers to keep a tab on automation of
product re-ordering, inventory, comparison of sales of analogous products of
private labels vs national brands, product attribute references like size,
color, and likewise. Personalized targeted promotions are based on the
purchasing habits of customers. The formats most widely accepted for retail
barcodes include EAN-13 (International Article Number) and Universal Product
Code (UPC-A). GS1 makes way for unique 12-digit UPC or EAN company
identification number to be entered into UPC-A/EAN-12 barcode on product's
label.
Desktop printers, mobile printers, and industrial printers
are the three major kinds of products in barcode printers market. They are used
by the participants' sales workforce to print receipts, tickets, labels, that
too, irrespective of place and time. Industrial printers are used to cater to
high volume applications inclusive of order labeling and warehouse labeling.
They are meant for working even in harsh environments. Desktop printers are
used to print low/mid-volume labels, barcode wristbands, and receipts.
Out of impact and non-impact printing, impact printing
constitutes drum and dot matrix printers, whereas the non-impact printing
consists of thermal transfer, direct thermal, inkjet printers, and laser
printers. Laser printers are not feasible for industrial applications as high
pressure is involved herein.
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At the same time, it needs to be noted that strict printing
regulations regarding least impact on environment, along with restricted use of
chemicals are likely to hamper the barcode printers market. Future Market
Insights has, through its latest market study, entailed these facts with
insights.
Key Takeaways from Barcode Printers Market
- By
type of product, mobile printers hold the largest market share due to
growing utilization in warehouses to label, tag, generate shipping labels
to create opportunities for the dealers in barcode printers.
- The
healthcare vertical is expected to hold a significant market share due to
excessive use of barcode printers in diagnostics automation and drug
safety. Also, wristbands and tags are being issued to help with specimen labelling,
patient identification, medicine administration, surgical procedures, and
likewise.
- North
America holds the largest market share with the US being at the forefront
regarding usage of barcode printers, followed by Europe.
- The
Asia-Pacific is expected to pick up pace on this count in the forecast
period.
"Thermal Transfer Technology is penetrating the barcode
printers market at a remarkable rate. This factor is bound to take the barcode
printers market by storm in the near future", says an analyst from Future
Market Insights.
Competitive Printers
- MUTOH
America, in January 2022, came up with a new-fangled eco-solvent called
roll-to-roll printer called "54" XpertJet 1341SR; which is
abreast with MUTOH's AccuFine print head, i-screen technology, and
VerteLith RIP software. This media tracker does print barcode at the end
of media, so that printer reads barcode and gauges quantity remaining on
media roll on getting loaded on printer once again.
- FloBiz,
in December 2021, came up with its POS billing solution called
"myBillBook", especially for franchises and retaailers, with
added functionality for printing barcodes according to sale complemented
by scanning facility.
- Honeywell,
in December 2021, launched the "IMPACT" series of the barcode
printers under the initiative called "Make in India". This
4-inch desktop barcode printer has been built to address light-duty label
printing requirements, and extends support to direct thermal/thermal
transfer printing, thereby facilitating printing at 127 mm/sec.
- ISP
(International Security Printers), in July 2021, did invest in advanced
hybrid printing, inspection, and finishing to further develop barcoding
postage stamps.
- Brother
Mobile Solutions, in March 2021, announced expanding Brother Titan
Industrial Printer series with 5 enhanced 4-inch industrial barcode label
printers that feature internal rewinders for better usage.
What does the Report Cover?
- Future
Market Insights offers an exclusive perspective and various real-time
insights on the barcode printers market in its latest study, presenting
historical demand assessment of 2016 – 2021 and projections for 2022 –
2032.
- The
research study is based on type of printer (desktop barcode printer,
industrial barcode printer, mobile barcode printer, and likewise), by
printing technology (thermal transfer, direct thermal, dot matrix, laser,
and ink jet), by consumables (ribbons, wax ribbons, wax/resin ribbons,
resin ribbons, and labels), and by application (industrial/manufacturing,
transportation/logistics, retail, healthcare, government, and commercial
services).
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