Healthcare Barcode Reader Market Size, Share, Trends, Growth and Forecast 2032

Healthcare Barcode Reader Industry Prospective:

The global healthcare barcode reader market size was worth around USD 342.5 million in 2023 and is predicted to grow to around USD 841.3 million by 2032 with a compound annual growth rate (CAGR) of roughly 10.5% between 2024 and 2032.      

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Healthcare Barcode Reader Market: Overview

An optical hardware input device called a barcode reader is used to read data from a barcode that is placed on a product and decode it into a format that is readable by humans. Additionally, it is utilized to upload product details into the database. A cable Bluetooth or Wi-Fi connection is used to connect a barcode reader to a computer. It is made up of an external or internal decoder and a scanner. The barcode is decoded into a form that can be read by humans using decoders.

Another name for barcode scanners is point of sale (POS). The healthcare barcode reader market is driven by several factors including rising product launches, technological advancements, increasing demand for wireless barcode readers, integration with Electronics Health Records (HER) Systems, increasing adoption of Point-of-care (POC) testing, growing healthcare expenditure and investments and many others.

Key Insights

• As per the analysis shared by our research analyst, the global Healthcare Barcode Reader market is estimated to grow annually at a CAGR of around 10.5% over the forecast period (2024-2032).
• In terms of revenue, the global Healthcare Barcode Reader market size was valued at around USD 342.5 million in 2023 and is projected to reach USD 841.3 million, by 2032.
• The rising innovative product launches are expected to drive market growth during the forecast period.
• Based on the type, the 2D segment is expected to grow at the highest CAGR during the forecast period.
• Based on the product type, the Mobile Barcode Reader segment is expected to hold a significant market share over the projected timeframe.
• Based on the connectivity, the wireless connectivity segment is expected to grow at a rapid rate over the projected period.
• Based on region, North America is expected to dominate the market over the projected period.

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Healthcare Barcode Reader Market: Growth Drivers

Increasing demand for wireless barcode readers in healthcare drives market growth

A wireless barcode reader simplifies and facilitates the device's use. Wireless barcode scanners are more useful in the healthcare field than wired ones. The wireless barcode reader communicates via Bluetooth or Wi-Fi. Wireless barcode readers may be carried to the objects for reading, reducing the need to move bulky items to the barcode reader. The market is growing due to continual innovation in healthcare barcode reader solutions that use wireless technology.

Healthcare Barcode Reader Market: Restraints

Security concerns hindering the market growth

Not every barcode is real. Cybercriminals can put up malicious barcodes. If a user scans a malicious barcode, the hacker may get control of the device. Because the USB cable that links the scanner to the computer functions as a separate keyboard, hackers might simply obtain access to the operating system. Thus, security concerns are the main factors that hamper the healthcare barcode reader market over the forecast period.

Healthcare Barcode Reader Market: Opportunities

Rising product launches offer an attractive opportunity for market growth

The increasing product launches are expected to offer a lucrative opportunity to the healthcare barcode reader market over the forecast period. For instance, in November 2023, one of the top businesses in the AIDC sector, Newland EMEA, introduced a new IVD (in vitro diagnostics) product line for the medical field. The necessity for automated procedures is growing as a result of the healthcare industry's rapid advances and the rising need for prompt and precise treatment.

In response to this shift in the industry, Newland EMEA offers a selection of high-performing and intuitive barcode scanners that can be quickly and simply integrated into IVD equipment for rapid scan performance, enhancing the efficiency and caliber of diagnosis, detection, prevention, and treatment.

Healthcare Barcode Reader Market: Challenges

Limited range poses a major challenge to market expansion

Handheld barcode readers often have a very small scan range; thus, the user must hold them extremely near to the barcode to read it accurately. This constraint presents a substantial challenge when the barcode is in an inaccessible or difficult-to-reach location. Thus, the limited range of handheld barcode readers might be a major challenge for the market expansion.

Healthcare Barcode Reader Market: Segmentation

The global Healthcare Barcode Reader industry is segmented based on Type, Product Type, Connectivity, Application and region.

Based on the type, the global Healthcare Barcode Reader market is bifurcated into 1D and 2D. The 2D segment is expected to grow at the highest CAGR during the forecast period. 2D barcodes can hold substantially more data than 1D barcodes. This is especially useful in healthcare, where complex information such as patient demographics, medical history, drug specifics, and treatment plans must be recorded using a single barcode. 2D barcodes enable the storage of enormous volumes of data in a compact way, making it possible to identify patients and medications comprehensively. Thus, this advantage drives the segment growth.

Based on the product type, the global Healthcare Barcode Reader industry is segmented into Mobile Barcode Reader and Fixed Barcode Reader. The Mobile Barcode Reader segment is expected to hold a significant market share over the projected timeframe. The segment growth is attributed to the increasing number of new product launches by the key market players. For instance, in November 2023, Zebra Technologies Corporation, a global digital solution supplier allowing organizations to intelligently connect data, assets, and people, announced its Android™-based HC20 and HC50 range of rugged handheld mobile computers for healthcare professionals. They are particularly developed to fulfil the demands of healthcare personnel, including features that increase operational efficiency for both clinical and non-clinical staff. The HC20 and HC50 are both lighter and thinner than prior Zebra products, and they add to Zebra's vast range of healthcare solutions by including purpose-built capabilities to improve care quality and patient experience.

Based on the connectivity, the global Healthcare Barcode Reader market is segmented into Wireless and Wired. The wireless connectivity segment is expected to grow at a rapid rate over the projected period. When scanning barcodes in patient rooms, pharmacies, operating rooms, and warehouses, among other healthcare facilities, wireless barcode readers give medical personnel more mobility and freedom. This mobility increases the efficiency of the workflow and permits real-time data gathering.

Based on application, the global Healthcare Barcode Reader industry is segmented into Access Tracking, Surgical, In Vitro Diagnostics, Patient Monitoring and Drug Dispensing.

Healthcare Barcode Reader Market: Report Scope

Regional Analysis

North America is expected to dominate the market over the projected period

North America is expected to dominate the market over the projected period. The United States and Canada in particular are the center of technical innovation in the healthcare industry in North America. Adopting cutting-edge healthcare technology is highly valued in the area to ensure regulatory compliance, improve patient care, and increase operational effectiveness. The region's barcode reader market is expanding as a result of technological developments in the context of enhanced scanning accuracy, wireless connection, and integration with electronic health record (EHR) systems. Additionally, the presence of key players in the region including Honeywell, GE Healthcare and others offers a potential opportunity for the growth of the market. These players consistently launch products with innovative technology, which will fuel market penetration.

For instance, in November 2023, the updated version of Digital Expert Access with remote scanning was granted U.S. FDA 510(k) Clearance by GE HealthCare, making it the first remote patient scan solution to achieve this approval. Real-time remote console control and the exchange of knowledge, best practices, and timely guidance are made possible with Digital Expert Access. This creative solution has now advanced to allow remote patient scanning, which is compatible with GE HealthCare magnetic resonance (MR) machines, with the latest edition of Digital Expert Access with remote scanning. Thus, this is expected to propel the healthcare barcode reader market in the region.

Healthcare Barcode Reader Market: Competitive Analysis

The global Healthcare Barcode Reader market is dominated by players like:

• Datalogic S.p.A.
• Zebra Technologies Corp.
• General Data Company Inc.
• Copyright CodeCorp
• Unipro Tech Solution
• Honeywell International Inc
• Wasp Barcode Technologies
• Newland Auto-ID Tech
• Jadak
• BARCODE TECHNOLOGIES LTD
• Barcodes Inc.
• NXGN Management LLC
• RMS Omega
• AMPM Healthcare & Mobile Solutions
• GE HealthCare
• Scandit
• CDW
• SLon Technology Co. Limited
• Peak Technologies
• Omron Corporation

The Global Healthcare Barcode Reader market is segmented as follows:

By Type

• 1D
• 2D

By Product Type

• Mobile Barcode Reader
• Fixed Barcode Reader

By Connectivity

• Wireless
• Wired

By Application

• Access Tracking
• Surgical
• In Vitro Diagnostics
• Patient Monitoring
• Drug Dispensing

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa