Surge in Counterfeit Drugs is escalating the Global Track & Trace Solutions Market Growth
According to a new market research report launched by Inkwood Research, the Global Track & Trace Solutions Market is anticipated to rise at a growth rate of 12.10% over the forecast period, and is propelling to generate $5540.32 million by 2028.Browse 75 market data Tables and 61 figures spread over 200 Pages, along with in-depth analysis on Global Track & Trace Solutions Market by Product, Technology, Application, End-User & by Geography
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market, by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
Global Track & Trace Solutions Market Scenario
Track & trace solutions refer to the involvement of the product or software that provides assistance in tracking products in the supply chain to confirm the reliable transportation from the producers to the end-user. The most prominent benefit of the service is that it helps to avoid counterfeiting of products, which boost company image, ultimately creating customer loyalty.
The global market for track & trace solutions is witnessing growth due to advancements in medical devices, a rise in the pharmaceutical industry, growing number of product recalls, and a significant rise in counterfeit drugs. On the contrary, the absence of common standards and increased expenditure involved in aggregation and serialization are some of the prime factors responsible for creating hurdles in the market growth over the forecast period.
The Global Track & Trace Solutions Market report provides data tables and includes charts and graphs for visual analysis.
Request Free Sample Report for Global Track & Trace Solutions Market by Product, Technology, Application, End-User & by Geography: https://www.inkwoodresearch.com/reports/track-and-trace-solutions-market/#request-free-sample
Market Segmentation
Market by Technology
• Barcode
• RFID
Market by Product
• Hardware Systems
o Printing and Marking Solutions
o Monitoring and Verification Solutions
o Labeling Solutions
o Other Hardware Systems
• Software Solutions
o Plant Manager Software
o Line Controller Software
o Bundle Tracking Software
o Other Software Solutions
Market by End-User
• Pharmaceutical Companies
• Medical Device Companies
• Other End-Users
Market by Application
• Serialization Solutions
o Bottle Serialization
o Label Serialization
o Carton Serialization
o Data Matrix Serialization
• Aggregation Solutions
o Bundle Aggregation
o Case Aggregation
o Pallet Aggregation
Report Highlights
- The report provides a detailed analysis of the current and future market trends, to identify the investment opportunities
- Market forecasts till 2028, using estimated market values as the base numbers
- Key market trends across the business segments, regions and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2028
Companies Profiled
• TRACELINK INC
• OPTEL GROUP
• AXWAY
• RFXCEL CORPORATION
• XYNTEK INC
• ADENTS
• SEIDENADER MASCHINENBAU GMBH
• ANTARES VISION SPA
• METTLER-TOLEDO INTERNATIONAL INC
• SIEMENS AG
• SYSTECH INTERNATIONAL
• ACG
• SEA VISION SRL
• KORBER AG
• ZEBRA TECHNOLOGIES CORPORATION
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