1. Market Research
  2. > Biotechnology
  3. > Medical Biotechnology Market Trends
Track And Trace Solutions Market Size, Share & Trends Analysis Report By Product, By Technology, By Application, By End Use, By Region And Segment Forecasts, 2019 - 2026

Track And Trace Solutions Market Size, Share & Trends Analysis Report By Product, By Technology, By Application, By End Use, By Region And Segment Forecasts, 2019 - 2026

  • June 2019
  • 103 pages
  • ID: 5807256
  • Format: PDF
  • Grand View Research

Summary

Table of Contents

Track And Trace Solutions Market Size, Share & Trends Analysis Report By Product, By Technology (Barcodes, RFID), By Application (Serialization, Aggregation), By End Use, By Region, And Segment Forecasts, 2019 - 2026

The global track and trace solutions market size is expected to reach USD 6.81 billion by 2026. It is anticipated to register a CAGR of 17.9% during the forecast period. Increasing focus of pharmaceutical and biopharmaceutical companies on ensuring brand protection is one of the major factors driving the growth. Pharmaceuticals and medical devices manufacturers encounter a major threat from counterfeit products and theft. Deployment of track and trace solution helps manufacturers enhance distribution channel efficiency and reduces the frequency of counterfeit products.

Increased incidence of counterfeit drugs in developing countries of Asia, Africa, and Latin America is a major factor contributing to the high adoption of track and trace solutions.It is expected that more than 40 countries and over 75% of worldwide medicine supply will be covered by track and trace regulations in near future.

Automatic identification technologies including barcoding and RFID are recommended by the Food and Drug Administration (FDA) to pharmaceuticals and other healthcare companies.Incidence of drug counterfeiting and theft is very high in developing countries like China and India.

This is expected to drive the demand from emerging countries like China, India, and Brazil.

Furthermore, rising adoption of track and trace solution by healthcare manufacturers is projected to fuel the market growth in the forthcoming years.Introduction of advanced technology, such as RFID, provides fast reading and delivers high levels of security.

However, the deployment cost of serialization and aggregation solutions, as well as lack of common regulations and standards, is expected to hamper the growth.

Further Key Findings from the Study Suggest:
• Software solutions was the largest revenue-generating segment in 2018, mainly due to the regulatory mandates for the execution of serialization and aggregation in healthcare sector
• Serialization solution was the largest grossing segment in 2018, owing to increasing application of serialization in pharmaceuticals and medical devices packaging will be a vital factor contributing to the growth
• RFID segment is expected to exhibit the fastest CAGR during the study period, attributed to the technological advantages, such as high durability and reusability, more data storage capacity, and no requirement of line of sight
• North America is set to reign the global market in 2019. Rising implementation of regulatory standards and regulations along with high adoption of thse solutions are anticipated to contribute to the growth
• Some key players serving track and trace solutions market include Axway; Mettler-Toledo International, Inc.; Optel Vision; Adents International; Antares Vision srl; TraceLink, Inc.; Siemens AG; ACG Worldwide; Seidenader Maschinenbau GmbH; and Systech, Inc.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2019

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on