What is Healthcare Barcode Technology?
Healthcare industry is emphasizing on patient safety and care for which the doctors, nurses, and staffs aim to improve every day. Healthcare barcode technology helps streamline the patient admittance process, track medication and care admission, and identify patients throughout their entire stay. It is also used in the healthcare supply chain in functions that involve shipping and handling. However, there is a movement underway to expand the use of barcodes at a micro level that will create significant effects on the entire supply chain.
The market study is broken down by Type (Barcode Printers, Barcode Verifiers, Barcode Scanners and Other), by Application (Clinical Applications and Non-Clinical Applications) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Healthcare Barcode Technology market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Zebra Technologies (United States), Bluebird Inc. (South Korea), Scandit AG (Switzerland), Code Corporation (United States), Honeywell International (United States), Datalogic (Italy), General Data Company, Inc. (United States), Accusoft (United States), Omron Microscan (United States), Opticon (Netherlands) and Toshiba Tec Corporation (Japan) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Healthcare Barcode Technology market by Type, Application and Region.
On the basis of geography, the market of Healthcare Barcode Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-user, the sub-segment i.e. Hospitals will boost the Healthcare Barcode Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Healthcare Barcode Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In March 2021, Code Corporation, a global leader in barcode scanning and data capture technologies announced the partnership with four companies Dryrain Technologies, MEDITECH, and ACS MediHealth for mobile medical barcode scanning. The app will help healthcare service providers to address issues caused by inaccurate transcriptions, such as medication errors, and increases efficiency, accuracy, and speed in healthcare with mobile barcode scanning.
- The Development of Innovative Technologies in Barcode Scanners and Verifiers
- Increased Use of Barcode and Automation Technologies to Decrease Incidence of Medical Errors
- Demand for Barcode Technology for Increased Patient Safety, Identification, and Improve Operational Efficiency
- Increased Focus on Patient Safety in US Hospitals Will Create Huge Demand
- Inclination towards the RFID Due to Security Concern
- High Cost of Barcode Solutions and Software May Challenge the Market
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Healthcare Barcode Technology Providers, Healthcare Barcode Technology Manufacturers & Suppliers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Zebra Technologies (United States), Bluebird Inc. (South Korea), Scandit AG (Switzerland), Code Corporation (United States), Honeywell International (United States), Datalogic (Italy), General Data Company, Inc. (United States), Accusoft (United States), Omron Microscan (United States), Opticon (Netherlands) and Toshiba Tec Corporation (Japan) etc.
2. Can we have customized study for Healthcare Barcode Technology Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Healthcare Barcode Technology Market by 2026?
Analysts at AMA estimates Healthcare Barcode Technology Market to reach USD Million by 2026.