Global Healthcare Barcode Reader Market Insights Forecasts to 2033

• The Global Healthcare Barcode Reader Market Size Was Valued at USD 341.8 Million in 2023
• The Market Size is Growing at a CAGR of 10.47% from 2023 to 2033
• The Worldwide Healthcare Barcode Reader Market Size is Expected to Reach USD 925.4 Million by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Healthcare Barcode Reader Market Size is Anticipated to Exceed USD 925.4 Million by 2033, Growing at a CAGR of 10.47% from 2023 to 2033.

Market Overview

A barcode reader is a device that extracts information from barcodes and transmits it to a computer in a hospital or healthcare facility, allowing access to classified data. The rise in trends and technologies, along with reduced data errors, has boosted the growth of barcode readers in healthcare. These cost-effective devices help minimize mistakes. The increasing digitalization and adoption of advanced technologies are expected to drive the development of the healthcare barcode reader market.

Several factors drive the industry, including precision, security, and effectiveness. Furthermore, key market players include Datalogic S.p.A., Zebra Technologies Corp., General Data Company Inc., Copyright CodeCorp, Unipro Tech Solution, Wasp Barcode Technologies, Newland Auto-ID Tech, and BARCODE TECHNOLOGIES LTD. The global market for healthcare barcode readers is expanding due to reduced pharmaceutical errors and lower healthcare costs. This growth is fueled by the adoption of new technologies and industry trends, including the use of advanced devices like wireless barcode readers.

For Instance, in November 2022, PhotometrixTM, a Surys-branded product launched by IN Groupe, enables offline verification of a card's portrait using a basic smartphone. The Togo solution, which allows for scalability and ease of use, sets a model for all other nations who need to add security to their healthcare card programs.

Report Coverage

This research report categorizes the market for the global healthcare barcode reader market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global healthcare barcode reader market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global healthcare barcode reader market.

Driving Factors

A wireless barcode reader simplifies and enhances its usability, especially in healthcare. Unlike wired scanners, wireless barcode readers use Bluetooth or Wi-Fi for communication, making them more convenient as they can be taken to the objects rather than moving bulky product to the scanner. The healthcare barcode reader market is growing due to ongoing innovations in wireless technology. This technology helps eliminate human error in pharmaceuticals, from the doctor to the pharmacy to the nurses administering medication. By adopting the latest technologies like wireless barcode readers, healthcare organizations can significantly reduce labeling errors and improve patient safety.

Restraining Factors

Not all barcodes are safe. Cybercriminals can create fake barcodes, and if someone scans one, it could give the hacker control over their device. The USB cable connecting the scanner to the computer acts like a separate keyboard, hackers can easily access the operating system. As a result, security concerns are a significant factor restrict the growth of the healthcare barcode reader market during the forecast period.

Market Segmentation

The global healthcare barcode reader market share is classified into type, product type, connectivity, and application.

• The 2D segment is expected to hold the largest share of the global healthcare barcode reader market during the forecast period.     

Based on the type, the global healthcare barcode reader market is divided into 1D and 2D. Among these, the 2D segment is expected to hold the largest share of the global healthcare barcode reader market during the forecast period. A 2D barcode scanner can access information on websites, binary data, locations, and images. In the healthcare industry, these scanners are widely used because businesses need to track detailed product information for every small item. For example, the UDI rule by the US FDA requires specific production information to be included on small medical devices, making 2D barcode readers essential for compliance.  

• The fixed barcode readers segment is expected to hold the largest share of the global healthcare barcode reader market during the forecast period.   

Based on the product type, the global healthcare barcode reader market is divided into mobile barcode readers and fixed barcode readers. Among these, the fixed barcode readers segment is expected to hold the largest share of the global healthcare barcode reader market during the forecast period. The market for healthcare barcode readers is growing because of the increasing use of fixed barcode readers in pharmacies to track medication dispensing and the versatility of wired barcode scanners. For instance, in November 2023, Zebra Technologies Corporation, a leading provider of digital solutions that help organizations connect data, assets, and people, launched its new HC20 and HC50 series of rugged handheld mobile computers. These devices, designed for healthcare professionals, run on Android™ and are built to withstand the demanding environments of medical settings.

• The wired segment is expected to hold the largest share of the global healthcare barcode reader market during the forecast period.   

Based on the connectivity, the global healthcare barcode reader market is divided between wired and wireless. Among these, the wired segment is expected to hold the largest share of the global healthcare barcode reader market during the forecast period. Wired barcode readers connect through cables, cords, or USB to systems and are capable of scanning both 1D and 2D barcodes. These handheld devices are easy to use and compatible with Windows, Mac, and Linux operating systems, making them widely accessible and contributing to their growing use in the market. 

• The drug dispensing segment is expected to hold the largest share of the global healthcare barcode reader market during the forecast period. 

Based on the application, the global healthcare barcode reader market is divided into patient monitoring, drug dispensing, surgical, patient monitoring, surgical, and access tracking. Among these, the drug dispensing segment is expected to hold the largest share of the global healthcare barcode reader market during the forecast period. Drug dispensing involves preparing and distributing medication according to prescriptions. Many drug dispensing systems are now integrated with automated technology to streamline the delivery of prescriptions. The adoption of barcode reader technology in this process is growing rapidly, due to its ability to analyze digital images and ensure accurate medication handling.  

Regional Segment Analysis of the Global Healthcare Barcode Reader Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global healthcare barcode reader market over the predicted timeframe.

North America is anticipated to hold the largest share of the global healthcare barcode reader market over the predicted timeframe. In North America, particularly in the United States and Canada, there is a strong focus on technological innovation in healthcare. The region places high importance on adopting advanced healthcare technologies to meet regulatory standards, improve patient care, and boost operational efficiency. This focus on cutting-edge solutions is driving growth in the barcode reader market, as advancements in scanning accuracy, wireless connectivity, and integration with electronic health record (EHR) systems the effectiveness and efficiency of these devices.

For instance, in November 2023, GE HealthCare received U.S. FDA 510(k) clearance for its updated Digital Expert Access with remote scanning, marking it as the first remote patient scanning solution to gain this approval.

Asia Pacific is expected to grow at the fastest pace in the global healthcare barcode reader market during the forecast period. Countries in the Asia-Pacific region, including China, India, and Japan, are major players in the healthcare barcode reader market. The adoption of advanced technology in healthcare is particularly high in India, Japan, and South Korea, creating significant opportunities for growth in the barcode reader market across this region.  

Europe is anticipated to hold a significant share of the global healthcare barcode reader market over the predicted timeframe. Europe, including countries like Italy and France, is a leading adopter of GS1 global standards for medicine distribution. This region is expected to see a growing demand for barcode reader systems as hospitals and clinics increasingly seek digital solutions to improve their healthcare operations.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global healthcare barcode reader market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Datalogic S.p.A
• Zebra Technologies Corp
• General Data Company Inc
• Copyright CodeCorp
• Unipro Tech Solution
• Wasp Barcode Technologies
• Newland Auto-ID Tech
• Dynamsoft Barcode Reader
• BARCODE TECHNOLOGIES LTD
• GE HealthCare
• NXGN Management LLC
• RMS Omega
• Peak Technologies
• Omron Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In November 2023, Newland EMEA, a top player in the AIDC industry, launched a new line of in vitro diagnostic (IVD) products for the healthcare sector. These innovative devices will be showcased at MEDICA, the largest medical industry trade show, held in Dusseldorf.   

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global healthcare barcode reader market based on the below-mentioned segments: 

Global Healthcare Barcode Reader Market, By Type

• 1D
• 2D

Global Healthcare Barcode Reader Market, By Product Type  

• Fixed Barcode Reader
• Mobile Barcode Reader

Global Healthcare Barcode Reader Market, By Connectivity

• Wired
• Wireless

Global Healthcare Barcode Reader Market, By Application

• Patient Monitoring
• Drug Dispensing
• Surgical
• Access Tracking

Global Healthcare Barcode Reader Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa