Barcode Scanner Market Size, Share, Growth Analysis, By Product(Handheld Barcode Scanner, Stationary Barcode Scanner), By Type(Wired Barcode Scanner, Wireless Barcode Scanner), By Scanner Type(Rugged Barcode Scanner, Non-Rugged Barcode Scanner), By Technology(Camera Based Reader, Charge Coupled Device Reader, Laser Scanner and others), By End User(Retail and Commercial, General Manufacturing, Healthcare and Other), By Region - Industry Forecast 2024-2031

Barcode Scanner Market Drivers

Growing demands for digital solutions

• The market has been driven by the increasing need for remote solutions across various sectors. The increasing number of international logistics service providers is another factor boosting the market growth. The effectiveness and operational efficiency of the barcode scanner will also enable most stores in the coming years to maintain inventory control without making mistakes. The time is cut in half, and during the forecast period, the market may grow. Also, the growth of shopping malls and supermarkets across various countries is also driving growth of the barcode scanner industry.

Rising barcode scanner usage in the healthcare sector to drive market growth

• Barcode scanners are being applied in more and more applications in the healthcare industry. Utilizing barcode scanners has advanced the process of accurately recording patient data, allowing the correction of any inaccuracies which may occur as well as a reduction in medication-related mistakes when a patient is being treated at a hospital. Moreover, barcode scanner technology can fix around 51% of pharmaceutical errors, according to IMNA. According to the US Food and Drug Administration (FDA), every drug is given a National Drug Code, a 10-digit identification number, to enable quick and easy collection and preservation of the relevant drug information. Thus, during the forecast period, these factors are expected to drive the growth of the global barcode scanners market.

Barcode Scanner Market Restraints

Lack of awareness

• The difficulties of transferring the barcode scanner from one place to another and some shopkeepers' lack of awareness of the barcode scanner machine are the key factors restricting the market growth.

Growing Popularity of RFID tag

• Although new data cannot be entered into barcodes, necessary information can be gathered from them. Radio frequency identification (RFID) tags are being used in such situations. Barcodes and RFID tags both allow for the collection and storage of data. If the RFID tag is within the scanning area of a radio scanner, which does not require a direct line of sight as do barcode scanners, data can be retrieved from the tag. RFID tags are also used in the inventory control departments of logistics and manufacturing facilities.