Press release
Track and Trace Solutions Market to Reach USD 10.39 Bn by 2029, emerging at a CAGR of 12.3 percent and forecast 2023-2029
Track and Trace Solutions Market
Our comprehensive report delves into the scope of the track and trace solutions market, offering valuable insights into its drivers, restraints, and regional dynamics.
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Track and Trace Solutions Market Research Methodology:
Our research methodology combines primary and secondary data sources to provide a comprehensive analysis of the track and trace solutions market. Through data triangulation techniques, we ensure the accuracy of market estimations and projections.
What are Track and Trace Solutions Market Dynamics:
The track and trace solutions market is predicted to increase significantly due to the rising deployment of track and trace systems by pharmaceutical and medical device companies. Drug counterfeiting is a problem for pharmaceutical and biopharmaceutical companies. As a result, businesses are implementing track and trace systems for supply chain management. It has been shown that low- to middle-income countries such as India and Africa are more vulnerable to an influx of substandard/counterfeit pharmaceuticals. According to a 2019 study by the United States Trade Representative (USTR), 20% of all pharmaceuticals supplied in India were counterfeit.
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Track and Trace Solutions Market Regional Insights:
North America's Leadership: With its advanced healthcare infrastructure and strict serialization and aggregation norms, North America led the track and trace solutions market with a revenue share exceeding 35% in 2022. The adoption of technologies such as barcoding and RFID, recommended by the FDA, is further propelling market growth.
Europe's Ascendancy: Europe has surpassed Asia to become the second-largest regional market for track and trace solutions by revenue. This trend is anticipated to continue as the European Union moves toward comprehensive integration of track and trace technologies within the healthcare supply chain, driven by the Falsified Medicines Directive.
What is Track and Trace Solutions Market Segmentation:
by Product
Software
Hardware Components
Standalone Platforms
by Technology
RFID
2D Barcodes Linear Barcodes
by Application
Serialization
Aggregation
Tracking, Tracing, and Reporting
by End-User
Pharmaceutical and Biopharmaceutical Companies
Food Industry
Medical Device Companies
Cosmetic Industry
Other End Users
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Who are Track and Trace Solutions Market Key Players:
1. Zebra Technologies Corporation (US)
2. Xyntek(US)
3. Systech(US)
4. SAP Se (US)
5. RFXCEL.CORP. (US)
6. METTLER TOLEDO (US)
7. PharmaSecure Inc. (US)
8. Tracelink (US)
9. Optel Group (Canada)
10.Axway (France)
11.Siemens(Germany)
12.Uhlmann (Germany)
13.Körber Medipak Systems(Germany)
14.WIPOTEC-OCS GmbH.(Germany)
15.Robert Bosch GmbH (Germany)
16.Laetus GmbH (Germany)
17.syntegon (Germany)
18.Sea Vision(Italy)
19.Antares Vision (Italy)
20.Adents (Ireland)
21.ACG Worldwide (India)
Table of content for the Track and Trace Solutions Market includes:
Track and Trace Solutions Market: Research Methodology
Track and Trace Solutions Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Track and Trace Solutions Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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