2D Barcode Reader Market Worth $8.6 Billion By 2025

The global 2D barcode reader market size is expected to reach USD 8.60 billion by 2025, registering a CAGR of 4.7% over the forecast period, according to a new report by Grand View Research, Inc. The market is expected to grow as incumbents of industries, such as retail, transportation & logistics, warehousing, and e-commerce, continue to adopt various tools to increase the operational efficiency of their business operations. Initiatives being undertaken by businesses to develop innovative strategies and adopt strategic methods and tools to gain a competitive edge in the marketplace also bode well for the growth of the market.

A barcode reader is emerging as one of the solutions that can potentially help businesses in ensuring lean operations and improving productivity. As a result, manufacturers operating in the market are responding to the situation by focusing on the development of innovative technologies for enhancing the barcode reading capabilities and offering numerous benefits to several end-use industries. The development of 2-Dimensional (2D) barcode scanners has particularly helped in solving several problems and challenges, such as having the capability to scan 2D barcodes while also ensuring the backward compatibility to scan 1-Dimensional (1D) barcodes.

A 2D barcode reader has assumed a pivotal role in increasing the operational efficiency of businesses. Owing to advantages such as higher accuracy, higher scanning speed, reduction in clerical cost, and improvement in customer service, the 2D barcode reader has cemented its position as a prominent tool for streamlining internal and external operations. Apart from being compact and flexible, the reader can also turn out to be an economical solution with a payback period of just 3-6 months. It is particularly getting vital for the industrial sector as a result.

The adoption of barcode technology as an automatic identification/scanning system has helped significantly in reducing human errors. A typical error rate for human data entry is estimated at around 1 error per 300 characters typed. However, the error rate of a barcode reader is estimated at 1 error per 35 trillion characters. Thus, from accelerating the checkout process in the retail industry to tracking inventories in warehouses, barcode scanners have eventually proliferated into a myriad of business operations. These scanners can not only help businesses in conserving their resources but in optimizing the data entry process, improving real-time visibility of the products, and enhancing the productivity of employees.

However, the proliferation of mobile barcode Software Development Kits (SDKs) is anticipated to hinder the growth of the market. Organizations with low-volume operations are particularly preferring smartphones over scanners for barcodes to reduce their operational costs. The adoption of Bring Your Own Device (BYOD) policies is also anticipated to encourage the adoption of barcode scanning apps over readers. In other words, any growth in the usage of smartphones for scanning barcodes can potentially take a toll on the demand for dedicated 2D barcode readers.

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https://www.grandviewresearch.com/industry-analysis/2d-barcode-reader-market

Further key findings from the study suggest:

The global market for 2D barcode reader was valued at USD 6.39 billion in 2018 and is expected to exhibit a CAGR of 4.7% from 2019 to 2025
The handheld segment accounted for the largest revenue share of over 65% in 2018 and is anticipated to register a CAGR of 5.2% over the forecast period
The logistics segment is anticipated to exhibit the highest CAGR of 6.1% over the forecast period as transporters continue to deploy barcode readers at their logistics facilities
The warehousing segment dominated the market in 2018 and was valued at USD 2.60 billion as warehousing companies aggressively adopted 2D barcode readers to track inventories
The Asia Pacific regional market was valued at USD 2.66 billion in 2018 and is expected to register a significant growth rate owing to the booming e-commerce industry and the continued rollout of warehousing network, particularly in developing countries, such as India and China
The key players dominating the 2D barcode reader market include Zebra Technologies Corporation, Datalogic S.p.A., Cognex Corporation, Honeywell International Inc., and Keyence Corporation, among others

3D Ultrasound Market Size Worth $4.8 Billion By 2027

The global 3D ultrasound market size is expected to reach USD 4.8 billion by 2027, expanding at a CAGR of 6.6%, according to a new report by Grand View Research, Inc. Increasing preference for noninvasive diagnostic procedures coupled with continuous technological advancement in the field of 3D imaging is contributing to market growth. The advent of Artificial Intelligence (AI) and machine learning have improved the patient outcome.

AI can conduct a quantitative assessment by analyzing imaging information automatically and produce precise imaging diagnosis. The potential use of AI technology in the 3D ultrasound pipeline includes image and data interpretation, multi transducer technologies, image navigation, and quality optimization. Moreover, rising usage of imaging technology in various applications such as cardiology, general imaging, gynecology, and point of care are also contributing to market growth.

The market is expected to witness high demand for point of care 3D ultrasound. Major factors contributing to the growth are a miniaturization of technology and lower system cost. Furthermore, an increasing number of product launches and continuous technological collaboration among major players in the industry are also boosting the market growth. For instance, in November 2019, Philips Launched EPIQ Elite ultrasound system for gynecology and general imaging. The device combines 3D and 4D imaging and would improve patients’ clinical outcomes.

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https://www.grandviewresearch.com/industry-analysis/3d-ultrasound-market

Further key findings from the study suggest:

Based on the application, the general imaging segment dominating the market owing to the increasing number of product launches
Based on end-use, the handheld segment is expected to grow at the fastest pace over the forecast period due to the rise in point of care facilities
North America was the leading regional segment in 2019 and is expected to maintain its position during the forecast period, owing to the presence of various market leaders and continuous technological advancement in the region.

Capnography Device Market Worth $1.58 Billion By 2026

The global capnography device market size is expected to reach USD 1.58 billion by 2026, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 17.8% during the forecast period. Introduction of regulatory guidelines for procedural sedation and growing adoption of capnography in patient monitoring due to higher reliability and efficiency are anticipated to propel the growth. In addition, advantages associated with these devices, such as ease of usage, minimally invasiveness, and medical efficiency, are the key growth drivers. Moreover, rising incidence of respiratory diseases necessitating continuous patient monitoring is expected to fuel the demand for capnography in the forthcoming years.

Furthermore, increasing focus of market leaders in R&D for the development of new generation capnography tools is expected to create lucrative growth opportunities for the capnography device market. For instance, Oridion’s Micro stream technology which minimizes dispersion of gases in the sampling tube created a revolution in capnography market.

The market is highly competitive in nature and a limited number of players have a high level of dominance in terms of revenue share. The most notable market participants are Medtronic; Smiths Medical; Masimo Corporation; and Nonin Medical Inc. and account for a considerable market share owing to their product offerings.

Top players are involved in the establishment of extensive distribution systems as well as mergers &acquisitions to capture a larger market share. For instance, in March 2015, Nonin Medical, in collaboration with Welch Allyn, developed Wireless Vital Solutions, a patient monitor that helps improve the management of electronic health records and accuracy of the captured vital signs by capnographs and pulse oximeters.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/capnography-device-market

Further key findings from the study suggest:

Hand-held capnography led the product segment in 2018, owing to benefits associated with the product such as portability, light weighted, ease of use, and treatment efficiency
Microstream capnography is expected to expand at the fastest CAGR, attributed to the fact that this technology is more effective and easier to incorporate as compared to side stream and main stream capnography
Capnography device find the largest application in sedation and emergency medicine, owing to its usage for optimization of pre hospital ventilation, correction of pediatric emergencies, and as a prognostic indicator to maintain pulmonary blood flow
Asia Pacific is anticipated to register rapid growth in the forthcoming years, owing to the presence of high unmet needs coupled with increasing patient awareness and improving healthcare infrastructure
Hospitals led the end use segment of capnography device market owing to shifting of preference of hospitals from conventional patient monitoring devices to capnography
Key players operating in this market include Smiths Medical, Dragerwerk AG & Co. KGaA, Welch Allyn, Masimo, Koninklijke Philips N.V., Medtronic
Stringent norms for product approval and post-approval performance monitoring, regulated by authorities such as the U.S. FDA and American Academy of implant may act as a threat for new participants

Pulse Oximeters Market Size Worth $3.2 Billion By 2027

The global pulse oximeters market size is expected to reach USD 3.2 billion by 2027, expanding at a CAGR of 6.4%, based on a new report by Grand View Research, Inc. Technological advancement in design and development of pulse oximeter is expected to boost market growth during the forecast period. Market players are introducing devices that are more compact, portable, ease to use, accurate, and efficient. For instance, in May 2019, Masimo received FDA clearance for its first tetherless SET pulse oximeter, Radius PPG.

Oxygen saturation monitors are conventionally used in pre and postsurgical settings. They are used during surgeries when patients are anesthetized. Increase in number of surgeries being performed and focus on patient safety are among the key factors responsible for increased use of the medical device during most procedures. These devices are purchased once and require servicing, without the need for frequent replacement. The use of oxygen saturation monitors in newborn screening can boost the demand and procurement of these devices by hospitals for maternity and pediatric care divisions.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/pulse-oximeter-market

Further key findings from the study suggest:

The sale of fingertip pulse oximeters has witnessed a significant spike since the first week of March 2020 due to COVID-19 pandemic
Handheld pulse oximeters are expected to be in high demand during the COVID-19 pandemic, as these devices are more accurate and come with probes that can be used for individual patients to limit spread of the virus
There is an upward trend in the use of oxygen saturation monitors in homecare settings due to expansion of the homecare market. Hospices and nursing care centers are procuring the medical device to provide better care to their patients
North America held the largest share in the market in 2019. Demand for oxygen saturation monitors is increasing in U.S. and Canada due to high prevalence of Congenital Heart Diseases (CHD) in infants
In Asia Pacific, the market is anticipated to witness significant growth during the forecast period. In countries such as Australia and New Zealand, oxygen saturation monitors are part of the standard patient observation procedures in hospitals and clinics. The device plays a vital role in monitoring and treatment of respiratory diseases in newborns and adults, as it provides independent information for a more comprehensive respiratory assessment
The industry is also witnessing mergers, acquisitions, and licensing agreements. For instance in April 2019, Philips Respironics moved the rights for direct sales of pulse oximeter in homecare market to Nonin Medical, an OEM manufacturer.

Capnography Device Market Worth $1.58 Billion By 2026

View summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/capnography-device-market

Further key findings from the study suggest:

Hand-held capnography led the product segment in 2018, owing to benefits associated with the product such as portability, light weighted, ease of use, and treatment efficiency
Microstream capnography is expected to expand at the fastest CAGR, attributed to the fact that this technology is more effective and easier to incorporate as compared to side stream and main stream capnography
Capnography device find the largest application in sedation and emergency medicine, owing to its usage for optimization of pre hospital ventilation, correction of pediatric emergencies, and as a prognostic indicator to maintain pulmonary blood flow
Asia Pacific is anticipated to register rapid growth in the forthcoming years, owing to the presence of high unmet needs coupled with increasing patient awareness and improving healthcare infrastructure
Hospitals led the end use segment of capnography device market owing to shifting of preference of hospitals from conventional patient monitoring devices to capnography
Key players operating in this market include Smiths Medical, Dragerwerk AG & Co. KGaA, Welch Allyn, Masimo, Koninklijke Philips N.V., Medtronic
Stringent norms for product approval and post-approval performance monitoring, regulated by authorities such as the U.S. FDA and American Academy of implant may act as a threat for new participants