Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Acc...
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Barcode Printer Market Key Developments and Impact of COVID-19

A barcode printer is an electronic device that is typically used for printing barcode tags or labels, which can be attached to objects that are shipped. The barcode printer uses direct thermal or thermal transfer techniques to apply ink labels. Although direct thermal printers are less expensive, the labels produced by these printers can become illegible if exposed to chemical vapors or direct sunlight. On the basis of printing type, barcode printer is segmented into desktop barcode printer, mobile barcode printer, industrial barcode printer, and others. They are typically used in manufacturing industry, transportation, government, healthcare, commercial services, and retail.

Impact of COVID-19 on Barcode Printer Market

Currently, the world is battling an economic crisis caused by the outbreak and the spread of the COVID-19 pandemic. The pandemic has affected various industries, such as automotive, retail, sports and entertainment, and education. In the wake of the current situation, the key market players are presently focusing on maintaining and generating revenues to be operational. This reduced the number of developments, including launches of products and their distribution in the barcode printer market in 2020. A number of scheduled product launches and related developments have been postponed owing to the spread of the virus. However, the impact of COVID-19 is expected to subside during the forecast period. The operations of barcode printer manufacturing units worldwide have been affected by the lockdowns imposed worldwide, along with the limited availability of labor and raw materials. This has resulted in disruptions in the global supply chain to a significant extent. A number of business activities wherein barcode printers are used, including shopping, sporting, and manufacturing, have been suspended or canceled to avoid mass gatherings. The COVID-19 has halted production, plunged down the sales of barcode printers, and led key players in the barcode printer market to buckle up and rethink their plans. Rescheduling the launch of printers and projects related to barcode printers, stabilizing dealer networks, managing cash flows tightly, and reviewing investment portfolios by companies have affected the production and the sales of barcode printers globally.

 

Barcode Printer Market
Barcode Printer Market

Key Developments

Key companies in the market are focused on product launches, in order to enhance their product portfolio. For instance, in September 2019, Toshiba Corporation, introduced B-EX4T3HS thermal barcode printer. Also, in October 2019, Printronix, Inc. introduced ODV-2D Printer/Barcode Verification solution with inclusion of three major upgrades.

Barcode printer manufacturers, under SAP Printer Vendor program, have launched products for SAP applications. For instance, in June 2017, TSC Auto ID Technology has introduced devices compatible with SAP.

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