Global Track and Trace Solutions MarketFuture Growth Analysis, Business Demand and Opportunities to 2027 | Antares Vision; Axway; METTLER TOLEDO; OPTEL GROUP; TraceLink; ACG

This Global Track and Trace Solutions Market report brings into focus plentiful of factors such as the general market conditions, trends, inclinations, key players, opportunities, and geographical analysis which all aids to take the business towards the growth and success. Increasing prevalence of Global Track and Trace Solutions Market report highlights the major industry growth drivers, challenges, opportunities and restraints for the leading key players. This report provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. Hence, the Global Track and Trace Solutions Market document brings into the focus, the more important aspects of the market or industry.

Global track and trace solutions market is expected to rise to an estimated value of USD 6.00 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing awareness regarding the protection of unique medical products as well as the increasing commercialization of medical devices globally. Few of the major competitors currently working in the global track and trace solutions market are Antares Vision; Axway; METTLER TOLEDO; OPTEL GROUP; TraceLink; ACG; Adents; K?rber AG; Siemens AG; Systech International; Robert Bosch Packaging Technology GmbH; Zebra Technologies Corp.; Uhlmann; RFXCEL CORP.; Weber Marking Systems GmbH; Marchesini Group S.p.A.; Global Healthcare Exchange, LLC; PharmaSecure Inc. and Zetes among others.

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Competitive Analysis:

Global track and trace solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of track and trace solutions market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Developments in the Market:

In August 2017, TraceLink announced that they had acquired ROC IT Solutions, establishing TraceLink as the leader of data assessment and capturing provider for serialization of products for the pharmaceutical market. This will ensure that the users can exchange the product data from their inventories across the different supply chain network users.

In June 2017, TraceLink announced the launch of "Automated Validation Manager (AVM)". The web-based solution offering is designed to be integrated with TraeLink's "Life Sciences Cloud" consistently which will restrict the usage of having to do manual validation while this validation cycle will provide complete information with just logging in to the web portal

Market Definition: Global Track and Trace Solutions Market

Track and trace solutions are logistics services wherein the product are tagged with various unique identification methods while they are distributed across the entire supply chain so that the different providers can track these products. This method ensures that all of the products in the market are connected to a central server where their unique product code is registered and this product can be traced back to its original source.

Market Drivers

Increasing prevalence of regulations for the implementation of unique identification methods for products from the authorities are factors driving the growth of the market
Increasing number of products being recalled by various manufacturers and healthcare companies requiring better inventory management; this factor is expected to drive the growth of the market
Increasing prevalence of generic and over-the-counter medicine products is also expected to drive the growth of the market
Rising prevalence of counterfeit medical products and pharmaceuticals flooding the market

Market Restraints

Large financial costs associated with the establishment and operations of these solutions is expected to restrict its complete adoption
Increasing consumption of resources to implement the components required for the functioning of this solution is expected to hinder the growth of the market

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Table of Contents-Snapshot

- Executive Summary
Chapter 1 Industry Overview
Chapter 2 Industry Competition by Manufacturers
Chapter 3 Industry Production Market Share by Regions
Chapter 4 Industry Consumption by Regions
Chapter 5 Industry Production, Revenue, Price Trend by Type
Chapter 6 Industry Analysis by Applications
Chapter 7 Company Profiles and Key Figures in Industry Business
Chapter 8 Industry Manufacturing Cost Analysis
Chapter 9 Marketing Channel, Distributors and Customers
Chapter 10 Market Dynamics
Chapter 11 Industry Forecast
Chapter 12 Research Findings and Conclusion
Chapter 13 Methodology and Data Source

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Segmentation: Global Track and Trace Solutions Market

By Product

Software
Plant Manager
Line Controller
Enterprise & Network Manager
Bundle Tracking
Case Tracking
Warehouse & Shipment Manger
Pallet Tracking
Hardware Components
Printing & Marking
Barcode Scanners
Monitoring & Verification
Labelers
Checkweighers
RFID Readers
Standalone Platforms

By Application

Serialization
Carton Serialization
Bottle Serialization
Medical Device Serialization
Blister Serialization
Vial & Ampoule Serialization
Label Serialization
Data Matrix Serialization
Aggregation
Case Aggregation
Pallet Aggregation
Bundle Aggregation
Tracking, Tracing & Reporting

By Technology

Real-Time Locating System (RTLS)
2D Barcodes
Radiofrequency Identification (RFID)
Linear Barcodes

By End-User

Pharmaceutical & Biotechnology Companies
Medical Device Companies
Cosmetic Industry
Food & Beverages
Consumer Goods
Luxury Goods
Others

Reasons to Purchase this Report

Current and future of global track and trace solutions market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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