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Track and Trace Solutions Market 2020 Size, Share and Trend Analysis | Top Vendors - Antares Vision, Axway, METTLER TOLEDO, OPTEL GROUP, TraceLink, Siemens, Systech International, Robert Bosch Packaging Technology
Track and Trace Solutions Market
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With the use of integrated approaches and latest technology for the best results, Track and Trace Solutions Market research report is generated. Experienced and innovative industry experts estimate strategic options, figure out winning action plans and help out businesses make critical bottom-line decisions. This market report is a great source of notable data, present market trends, future events, market environment, technological innovation, imminent technologies & the technical development in the Healthcare industry. Track and Trace Solutions Market report is an excellent resource that provides current as well as upcoming technical & financial details of the industry to 2026.
Market Analysis: Global Track and Trace Solutions Market
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.
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Key Market Competitors:
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; Körber 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.
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.
Segmentation: Global Track and Trace Solutions Market
Track and Trace Solutions Market : By Product
Software
Hardware Components
Standalone Platforms
Track and Trace Solutions Market : By Application
Serialization
Aggregation
Tracking, Tracing & Reporting
Track and Trace Solutions Market : By Technology
Real-Time Locating System (RTLS)
2D Barcodes
Radiofrequency Identification (RFID)
Linear Barcodes
Track and Trace Solutions Market : By End-User
Pharmaceutical & Biotechnology Companies
Medical Device Companies
Cosmetic Industry
Food & Beverages
Consumer Goods
Luxury Goods
Others
Track and Trace Solutions Market : By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Track and Trace Solutions 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
Track and Trace Solutions 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
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
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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Data Bridge Market Research is a versatile market research and consulting firm with over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Our coverage of industries include Medical Devices, Pharmaceuticals, Biotechnology, Semiconductors, Machinery, Information and Communication Technology, Automobiles and Automotive, Chemical and Material, Packaging, Food and Beverages, Cosmetics, Specialty Chemicals, Fast Moving Consumer Goods, Robotics, among many others.
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