Global Track & Trace Solutions Market by Product, Technology, Application, End-User and Geography - Forecast to 2025

Summary:

The report provides forecast and analysis of the medical track & trace devices market. It provides market overview of medical track & trace devices market in terms of revenue (in USD Mn). Furthermore, the report includes drivers, restraints, trends and opportunity of the medical track & trace devices market and their impact on each country during the forecast period.

Growth in this market is attributed to the increasing focus on consumer and patient safety, increasing number of packaging related product recalls, and government legislations for the implementation of serialization in track and trace systems to ensure supply chain efficiency across the globe. The implementation of track and trace solutions is associated with the high cost, which surely hinder the market growth during the forecast period. One of the major problems faced by large scale pharmaceutical and biopharmaceutical companies is drug counterfeiting.

Main Body:

Medical Track & Trace Devices Market Highlights:

Manufacturers in healthcare industry are required to track certain devices from their manufacture through the distribution chain when they receive an order from the Food and Drug Administration (FDA). The purpose of device tracking is to ensure that manufacturers of certain devices establish tracking systems that will enable them to promptly locate devices in commercial distribution. Tracking information may be used to facilitate notifications and recalls ordered by FDA in the case of serious risks to health presented by the devices.

Growth in this market is attributed to the increasing focus on consumer and patient safety, increasing number of packaging related product recalls, and government legislations for the implementation of serialization in track and trace systems to ensure supply chain efficiency across the globe.

Top Key Vendors: Factiva, World Bank, and Hoovers, company annual reports, investor presentations, and publications. The key players included in Medical Track & Trace Devices Market report are Axway, Mettler-Toledo International, Inc., Optel Vision, TraceLink, Inc., Adents International, Antares Vision srl, Siemens AG, and many others.

The medical track & trace devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is further segmented into US and Canada. The Europe market is categorized into UK, Germany, and France. The market in Asia Pacific is segmented into Japan, China, and India. The Latin American market is categorized as Mexico and Brazil. The Middle East & Africa region is classified as South Africa, Saudi Arabia, and UAE. The medical track & trace devices market report includes market size and analysis for all the above-mentioned regions and countries for component, technology, application, and end-user.

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Segmentation:

Medical Track & Trace Devices market is segmented into hardware, and software. Hardware is further segmented as printing & marking solutions, monitoring & verification solutions, labelling solutions, and others. Software segment includes plant manager software, line controller software, bundle tracking software, and others. Software solutions held the largest share in 2017 due to rising popularity for continuous management of manufacturing facilities, product lines, case & bundle tracking, and warehousing & shipping in healthcare industry.

Medical Track & Trace Devices market is classified as serialization solutions, aggregation solutions, and others. Serialization segment includes label serialization, bottle serialization, carton serialization, and data matrix serialization. On the other hand, aggregation solutions comprise of bundle aggregation, case aggregation, and pallet aggregation. Aggregation devices can include printers & labellers; reject stations, cameras reader, standalone printers, and handheld readers.

Medical Track & Trace Devices market end-user, the medical track & trace devices market is segmented into pharmaceutical, medical devices manufacturers, and others. The pharmaceutical segment includes both pharmaceutical and biopharmaceutical manufacturers.

Medical Track & Trace Devices Market Players List:

Axway
Mettler-Toledo International, Inc.
Optel Vision
TraceLink, Inc.
Adents International
Antares Vision srl
Siemens AG
Regional Overview:

The medical track & trace devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is further segmented into US and Canada. The Europe market is categorized into UK, Germany, and France. The market in Asia Pacific is segmented into Japan, China, and India. The Latin American market is categorized as Mexico and Brazil. The Middle East & Africa region is classified as South Africa, Saudi Arabia, and UAE. The medical track & trace devices market report includes market size and analysis for all the above-mentioned regions and countries for component, technology, application, and end-user.

Major TOC forMedical Track & Trace Devices Market

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Medical Track & Trace Devices – By Components

Hardware
Printing & Marking Solutions
Monitoring & Verification Solutions
Labelling Solutions
Others
Software
Plant Manager Software
Line Controller Software
Bundle Tracking Software
Others
TOC be Continued…!

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