North America Track and Trace Solutions Market to Account USD 12.90 Billion by 2029

North America Track and Trace Solutions market report provides market definition in the form of market driving factors and market restraints which aids in estimating the requirement of particular product where several aspects have to be considered. The market data and information included in this business report helps healthcare industry take sound decisions and plan about the advertising and sales promotion strategy more successfully. North America Track and Trace Solutions business report has been prepared by making sure that the key factors of the healthcare industry are understood well to provide the business report that has complete overview of the market, covering various aspects such as product definition, market segmentation based on various parameters, and the prevailing vendor landscape.

The high quality North America Track and Trace Solutions market analysis report includes competitive study, production information analysis, applications, and region-wise analysis, competitor landscape, consumption and revenue study, cost structure analysis, price evaluation and revenue analysis up to 2029. The business report involves the use of latest tools and techniques for researching, analysing and gathering of data and information. This industry document performs systematic gathering, recording and analysis of data about the issues related to the marketing of goods and services and presents the businesses with an excellent business research report. The best in class North America Track and Trace Solutions report provides intelligent solutions to the complex business challenges and commences an effortless decision-making process.

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Leading Key Players Operating in the North America Track and Trace Solutions Market Includes:

OPTEL GROUP (Canada)
Mettler-Toledo (U.S)
Systech International (U.S)
TraceLink Inc. (U.S)
Antares Vision S.p.A (Italy)
SAP (Germany)
Xyntek Incorporated (U.S)
SEA Vision (Italy)
Syntegon (Germany)
Körber AG (Switzerland)
Siemens (Germany)

Key Market Analysis and Insights:

Track and trace solutions are used to offer precise device location both now and in the past. Due to strict laws and requirements for the use of serialization and progress in the pharmaceutical and medical device industries, the worldwide track and trace solutions market is rising at a significant rate. Several types of solutions influenced the size of the track and trace solutions market. Due to growing popularity in the healthcare business, software has recently seen a surge in demand.

Data Bridge Market Research analyses that the track and trace solutions market which was USD 4.1 billion in 2021, would rocket up to USD 12.90 billion by 2029, and is expected to undergo a CAGR of 15.41% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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North America Track and Trace Solutions Market Scope and Market Size

The track and trace solutions market is segmented on the basis of product, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

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

Application

Serialization
Carton Serialization
Bottle Serialization
Medical Device Serialization
Blister Serialization
Vial and Ampoule Serialization
Aggregation
Case Aggregation
Pallet Aggregation
Bundle Aggregation
Tracking, Tracing, and Reporting

End User

Pharmaceutical and Biopharmaceutical Companies
Food Industry
Medical Device Companies
Cosmetic Industry
Other

North America Track and Trace Solutions Market, By Region:

North America Track and Trace Solutions market is analyzed and market size insights and trends are provided by country, product as referenced above.

The countries covered in the North America Track and Trace Solutions market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the North America Track and Trace Solutions market because of the rise in the cases of arrhythmic diseases, favorable reimbursement policies for patients, high demand for advanced treatment methods and developed healthcare infrastructure in the region. Asia-Pacific is estimated to grow in the forecast period due to the high prevalence of cardiovascular diseases, increase in adoption of advanced digital devices, large population and launch of new innovative products.

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Market Dynamics

Drivers

Stringent regulations for the implementation of serialization

In order to improve supply chain efficiency in the healthcare business, many governments are working to adopt specific legislation requiring serialisation in track and trace systems. The usage of track and trace solutions is necessary throughout the pharmaceutical supply chain in Europe. According to the European Federation of Pharmaceutical Industries and Associations, the pharmaceutical industry in Europe utilises a common coding scheme. The 2001/83/EC directive was updated in response to the rising problem of counterfeit drugs and the necessity to set drug serialisation requirements. The European Union released the Falsified Medicines Directive (FMD) Safety Features Delegated Regulation, which states that serialisation of certified drug goods will be a legal requirement for businesses in the EU beginning in early 2019.

Rise of counterfeit goods

Regulatory compliance has been an ever-increasing requirement to maintain product authenticity around the world. The global proliferation of counterfeit goods has prompted a surge in the use of track and trace systems across a variety of industries. The majority of industrialised countries have already implemented these solutions to limit the danger of product recalls, illness outbreaks, brand tarnishing, and unlawful parallel supply chains that foster illegal logistics and crime. Growing government and regulatory actions are opening the way for a greater adoption of track and trace technologies. Serialization has long been the most used way to track and trace products worldwide.

Rising adoption in the pharmaceutical industry

Increased usage in the pharmaceutical industry for product I.D. verification, packaging, and logistics management will drive the global market. Government rules throughout the world requiring pharmaceutical companies to serialise their pharmaceuticals and technology advancements in track and trace systems are projected to fuel the track and trace solutions market's growth over the forecast period.

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Apart from this, data models include Vendor Positioning grids, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Table of Contents: North America Track and Trace Solutions Market

1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Covid-19 Impact on North America Track and Trace Solutions in Healthcare Industry
7 North America Track and Trace Solutions Market, by Product Type
8 North America Track and Trace Solutions Market, by Modality
9 North America Track and Trace Solutions Market, by Type
10 North America Track and Trace Solutions Market, by Mode
11 North America Track and Trace Solutions Market, by End User
12 North America Track and Trace Solutions Market, by Geography
13 North America Track and Trace Solutions Market, Company Landscape
14 Swot Analysis
15 Company Profiles
16 Questionnaire
17 Related Reports

Check Complete Table of Contents with List of Table and Figures @ https://www.databridgemarketresearch.com/toc/?dbmr=north-america-track-and-trace-solutions-market

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