Press release
Track and Trace Solutions Market Size, Global Trends, Industry Demand, Share, Trend, Industry News and Forecast to 2027

Track and Trace Solutions Market Size, Global Trends, Industry Demand, Share, Trend, Industry News and Forecast to 2027
The Track and Trace Solutions in healthcare market was valued at US$ 1,728.3 million in 2018 and it is projected to reach US$ 6,049.0 million by 2027; it is expected to grow at a CAGR of 15.3% from 2018 to 2027.
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An Global Track and Trace Solutions business report explains market definition, classifications, applications, and engagements in the market. The industry report makes available an in-depth description, competitive scenario, wide product portfolio of key vendors and business strategy adopted by competitors along with their SWOT analysis and porter's five force analysis. This wide-ranging report is the best overview about global industry perspective, comprehensive analysis, size, share, growth, segment, trends and forecast. The winning Track and Trace Solutions report includes estimations of all the market drivers and market restraints which are mainly obtained from SWOT analysis while also providing the CAGR projections for the historic year 2019, base year 2029, and forecast period 2022-2029.
Market Insights
Growing Applications of Track and Trace Solutions in Healthcare to Drive Track and Trace Solutions in Healthcare Market Growth
Globally, pharmaceutical companies are considering existing and expected legislation on anti-counterfeiting and traceability of the drugs. Many governments opt for the implementation of serialization regulations. Regulatory compliance for serialization is growing rapidly becoming a focus area for pharmaceutical manufacturers and supply chain partners across the world. Most developed and developing economies have either already laid out the regulatory road map for serialization or are in the process of doing so. The regulatory push to secure the pharmaceutical supply chain comes as a result of rising drug-related criminal activities and supply chain inefficiencies. Efforts are aimed at addressing drug counterfeits and unauthorized parallel supply chains, improving supply chain visibility, difficulty in tracking returns or recalls and the paucity of data-driven tools for predicting patient behavior. According to a data published by Makro Care, in 2018, more than 40 countries and above 75% of global medicine supply will be covered by one or the other serialization track and trace regulations.
In US, the Drug Supply Chain Security Act (DSCSA) started in 2013, the DSCSA defines the requirements for an interoperable, electronic system to identify and trace pharmaceutical products throughout their distribution in the country. As part of the requirements, pharmaceutical products must be marked with a National Drug Code (NDC), serial number, lot number, and expiration date. The entire supply chain is expected to be electronically integrated and all nodes of traceability are to be established by November 2023.
The European Union (EU) has followed suit with a compliance requirement by enacting the Falsified Medicines Directive (FMD). Unit-level serialization and dispenser authentication have been mandated. Moreover, in Turkey, the first step for implementing serialization is the in-line printing of the relevant code and information on each unit pack. The Turkish and French Pharma plants' early requirements revealed the risks and difficulties linked to in-line printing of a 2D code and it took three years to deal with them.
Some of The Key Players Covered in the Track and Trace Solutions Market are
OPTEL GROUP
Axway
Körber Medipak Systems AG
ZIH Corp.
Siemens AG
TraceLink
Antares Vision
RFXCEL CORP.
SEA VISION S.r.l.
…
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Track and Trace Solutions in Healthcare Market - by Component
Software
Plant Manager
Line Controller
o Enterprise & Network Manager
o Bundle Tracking
o Case Tracking
o Pallet Tracking
Hardware
o Printing & Marking
o Barcode Scanners
o Labeling
o Checkweigher
o RFID Readers
Track and Trace Solutions in Healthcare Market - by Technology
Barcodes
RFID (Radio-Frequency Identification)
Track and Trace Solutions in Healthcare Market - by Application
Serialization Solutions
Carton Serialization
Bottle Serialization
Medical Device Serialization
Blister Serialization
Vials & Ampoules Serialization
Aggregation Solutions
o Case Aggregation
o Pallet Aggregation
o Bundle Aggregation
o Tracking, Tracing, & Reporting Solutions
Track and Trace Solutions in Healthcare Market - by End User
Pharmaceutical Industry
Medical Devices Industry
Others
Regions and Country Level Analysis:
The report offers exhaustive assessment of different region-wise and country-wise Track and Trace Solutions markets such as the U.S., Canada, Germany, France, the U.K., Italy, Russia, China, Japan, South Korea, Taiwan, India, Australia, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Argentina, Saudi Arabia, UAE, Turkey, etc.
The report includes country-wise and region-wise market size for the period 2021-2028, by countries (regions), by Type, and by Application, as well as by players for North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
The Insight Partners Virtual Receptionist Solutions Market Research Report Scenario includes:
The report provides qualitative and quantitative trends of global Virtual Receptionist Solutions Market across type, type of products, service, and geography.
The report starts with the key takeaways (Chapter Two), highlighting the key trends and outlook of the global Virtual Receptionist Solutions Market.
Chapter Three provides the research methodology of the study.
Chapter Four further provides PEST analysis for each region.
Chapter Five highlights the key industry dynamics in the Virtual Receptionist Solutions Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
Chapter Six discusses the global Virtual Receptionist Solutions Market scenario, in terms of historical market revenues, and forecast till the year 2027.
Chapter Seven to ten discuss Virtual Receptionist Solutions Market segments by type, type of application, service, and geography across North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America. They cover market revenue forecast, and factors driving and governing growth.
Chapter Eleven describes the industry landscape analysis. It provides detailed description of various business activities such as market initiatives, new developments, mergers and joint ventures globally along with a competitive landscape.
Chapter Twelve provides the detailed profiles of the key companies operating in the global Virtual Receptionist Solutions Market. The companies have been profiled on the basis of their key facts, business description, products and services, financial overview, SWOT analysis, and key developments.
Chapter Thirteen, i.e. the appendix is inclusive of a brief overview of the company, glossary of terms, contact information, and the disclaimer section.
The Track and Trace Solutions market report provides answers to the following key questions:
What will be the Track and Trace Solutions market size and the growth rate in the coming year?
What are the main key factors driving the global Track and Trace Solutions market?
What are the key market trends impacting the growth of the global Track and Trace Solutions market?
Which are Trending factors influencing the market shares of the top regions across the globe?
Who are the key market players and what are their strategies in the global Track and Trace Solutions market?
What are the market opportunities and threats faced by the vendors in the global Track and Trace Solutions market?
What industrial trends, drivers and challenges are manipulating its growth?
What are the key outcomes of the five forces analysis of the global Track and Trace Solutions market?
What is the impact of Covid19 on the current industry?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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Email: sales@theinsightpartners.com
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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