Barcode Printers Market Outlook by Top Companies Avery Dennison Corporation, Canon, Inc., Honeywell, Printronix LLC, Seiko Epson Corporation, Toshiba, Zebra Technologies
Sellbyville, DE -- (SBWIRE) --
The increasing demand for barcode wristbands in the healthcare sector for patient identification is anticipated to have a positive impact on the barcode printers market growth. Hospitals across the globe are mandating policies, which require the patients to wear a barcode identification band during their stay in the hospital. Barcode bands allow hospital staffs to provide speedy and accurate data entry, reducing the medical errors. It helps in enhancing the efficiency as compared to the physical entry of data.
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Speaking of the regional expansion outlook,
Thermal-based printers comprise more than 65 percent of the overall barcode printers market share. Due to the features, such as high speed, low noise, and ease-of-cleaning and reliability offered, the thermal-based printers are increasingly utilized across several applications. The direct thermal technology is expected to witness growth over the forecast time span owing to the improved durability and low operational costs. These systems are ideal solutions for applications such as shipping labels and printing receipts and can develop barcode images on the material without a ribbon, making it eco-friendly.
Mobile barcode printers market is expected to witness a significant growth at over 9% CAGR over the forecast timeline. It can be attributed to the ease-of-usage offered by these printers in several field-based applications. The mobile barcode printers are gaining popularity across retail & warehousing applications to issue authentic invoices, printing e-citation & mobile receipts regardless of the time and place. They are ideal solutions for printing-on-the-go, creating high-quality receipts & labels in any environment, outdoors, or indoors.
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The industry is characterized by the increasing demand for customized product solutions, evolving industry standards, distribution channels, changing security protocols, and frequent introduction of new products & services. To remain competitive in the industry, companies are increasingly focusing on providing superior customer service, high levels of quality & reliability, efficient & dependable distribution networks, and technologically-advanced systems. The barcode printers market provides significant growth opportunities for the component & raw material suppliers, manufacturers, integrators, and distributors in terms of revenue share.
The barcode printers industry is fragmented owing to the presence of many major players operating in the industry. Key players such as
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