Healthcare Barcode Technology Market Size, Share, Growth Analysis, By Product(Barcode scanners, barcode printers, and barcode verifiers), By Application(Non-Clinical and Clinical), By Region - Industry Forecast 2024-2031

Healthcare Barcode Technology Market size was valued at USD 9.84 billion in 2022 and is poised to grow from USD 10.52 billion in 2023 to USD 17.91 billion by 2031, growing at a CAGR of 6.88% during the forecast period (2024-2031).

A barcode reader is a device that collects information and data from barcodes and transfers it to a computer in hospitals and the healthcare industry. Barcode technology is a simple, universal, and low-cost method of recording and providing digital data for other applications. It has greater efficiency, security, speed, and reliability along the supply chain and also increases profitability. These devices are cost-effective and help reduce errors. Barcode readers have grown in the hospital and healthcare industry due to trends and advancements in technology with fewer data errors. The adoption of barcode readers in the healthcare sector is significant due to benefits such as increasing patient safety and reducing human error. A healthcare barcode reader is used to scan unique barcode tags to obtain specific data and information about patients. Digitalization and the adoption of new technologies are projected to boost the growth of the barcode technology market. The adoption rate of barcode technology in the healthcare industry is high due to essential features such as accuracy, security, and efficiency, which drive market growth.

The key component driving the growth of the Healthcare Barcode Technology Market in the upcoming years is the healthcare sector's focus on preventing medical errors, which can happen in any healthcare sector, including medical offices, clinics, hospitals, surgery centres, and pharmacies.

US Healthcare Barcode Technology Market is poised to grow at a sustainable CAGR for the next forecast year.