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Track and Trace Solutions Market Estimated to Cross US$ 3.93 Billion by 2023 and Expanding at 17.3% of Highest Growth Rate to 2023 Dominated by Barcode Scanner, Plant Manager, Monitoring, Checkweigher Usage
Track and Trace Solutions Market
The track and trace solutions market is segmented based on product type, technology, application, end user, and geography. Based on applications, the market is segmented into serialization and aggregation solutions. The serialization solutions market is further classified into bottle, label, carton, and data matrix serialization. The aggregation solutions market is sub-segmented into bundle, case, and pallet aggregation.
The global healthcare track and trace solutions market is estimated to reach USD 2.81 Billion by 2021, at a CAGR of 17.3% during the forecast period. The hardware systems market is segmented into printing and marking solutions, monitoring and verification solutions, labeling solutions, checkweighers, RFID readers, and barcode scanners.
Track and Trace Solutions Market research study involved extensive usage of both primary and secondary data sources as well as various factors affecting industry, including regulatory landscape; competitive scenario; historic data; current trends in market; technological innovations and upcoming technologies; and market drivers, restraints, opportunities, and challenges. North America commanded the largest share of healthcare track and trace solutions market, followed by Europe.
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The software solutions segment accounted for the largest share of healthcare track and trace solutions market in 2017. The software solutions segment is divided into plant manager, line controller, bundle tracking, case tracking, and warehouse and shipment manager solutions. The plant managers segment accounted for largest share of the software solutions market in 2017.
Break of primary participants was as mentioned below:
• By Company Size – Tier 1–40%, Tier 2–35% and Tier 3–25%
• By Designation Level – C-level–30%, Director Level–25%, Others–45%
• By Region – North America–32%, Europe–25%, AsiaPacific–20%, Latin America–15%, Middle East and Africa–8%
In this report, the healthcare track and trace solutions market segmented by product type, technology, application, end user, and region. Based on product type, the healthcare track and trace solutions market is majorly segmented into software solutions and hardware systems.
Top players in the healthcare track and trace solutions market are Axway Inc. (U.S.), Optel Vision (Canada), Mettler-Toledo International Inc. (U.S.), Adents International (France), TraceLink Inc. (U.S.), Antares Vision (Italy), Xyntek Inc. (U.S.), Sea Vision Srl (Italy), Siemens AG (Germany), Seidenader Maschinenbau GmbH (Germany), ACG Worldwide (India), and Systech Inc. (U.S.).
More Information on Study Like “Track and Trace Solutions Market by Type (Barcode Scanner, Plant Manager, Labeling, Monitoring & Verification), Technology (1D & 2D Barcode, RFID), Application (Serialization, Aggregation), End User (Pharmaceutical, Cosmetics) - Global Forecast to 2021” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=695837 .
Geographically, track and trace solutions market broadly segmented into five major geographies, namely, North America, Europe, Asia Pacific (APAC), Latin America, & Middle East & Africa. In 2017, North America commanded a major share of track and trace solutions market.
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Geographically, North America dominated global healthcare track and trace solutions market in 2015. large share of this region can be attributed to presence of developed healthcare systems in U.S. & Canada & growing R&D spending on pharmaceuticals & biotechnology in this region. Asia-Pacific region is expected to register highest CAGR, due to growth in research activities & pharmaceutical manufacturing & increasing investments by leading players & respective government agencies in region.
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