Barcode Printers Market Set to Register 5% CAGR During 2018-2024

Growing demand for barcode wristbands in the healthcare industry for patient identification will positively impact the barcode printers market growth. Several hospitals are mandating a policy which requires patients to wear a barcode identification bracelet during the duration of their stay which allow hospital staff to provide accurate and speedy data entry and are helping reduce medical errors, thereby allowing time to enhance efficiency instead of physically entering the data.

Barcode Printers Market is anticipated to exceed USD 3 billion by 2024 with the industry growth pegged at a CAGR of over 5% from 2018 to 2024. A barcode printer is a computer peripheral for printing barcode labels or tags that can be attached to, or printed directly on, physical objects. Barcode printers are commonly used to label cartons before shipment, or to label retail items with UPCs or EANs. The most common barcode printers employ one of two different printing technologies. Direct thermal printers use a printhead to generate heat that causes a chemical reaction in specially designed paper that turns the paper black.



Mobile printers are anticipated to witness high growth over the forecast timespan owing to their ease of usage in several field-based applications. Mobile barcode printers are being used increasingly by retail businesses to issue authentic receipts and invoices regardless of the place and time. Moreover, the mobile printers are being to print barcodes for identification of individuals in major events and for patients in hospitals which has augmented the revenue for the barcode printers market.