1. Home
  2. > Healthcare
  3. > Medical Device Market Trends
Track And Trace Solutions Global Market Report 2022

Track And Trace Solutions Global Market Report 2022

  • September 2022
  • 175 pages
  • ID: 6318591
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the track and trace solutions market are Adents, ACG Worldwide, rfXcel, Laetus GmbH, Grant-Soft Ltd, SL Controls Ltd, Arvato Systems, Syntegon Technology, Körber Medipak Systems AG, and Systech International Inc.

The global track and trace solutions market is expected to grow at a compound annual growth rate (CAGR) of 15.9% from $3.19 billion in 2021 to $3.69 billion in 2022.The track and trace solutions market is expected to grow to $6.47 billion in 2026 at a CAGR of 15%.

The track and trace solutions market consists of sales of track and trace solutions by entities (organizations, sole traders, and partnerships) that are used by the logistics industry to track the vehicle, increase security, reduce insurance costs, and provide alert systems that help in tracking the vehicle in the transition period. A track and trace solution refers to a software-based service to track vehicles, loading units, shipments, or products throughout the entire supply chain, from supplier to consumer.

The main types of products in the track and trace solutions market are hardware systems and software solutions.Hardware systems refer to the physical parts or components of a computer or application that are used to track physical components like desktops, laptops, and servers from the time they are purchased until they are retired.

The various technologies involved are 2D barcodes, radio frequency identification (RFID), and linear barcodes.The applications include serialization, aggregation, tracking, tracing, and reporting.

The various end-users are the pharmaceutical, biopharmaceutical, medical device, food, and beverage industries.

North America was the largest region in the track and trace solution market in 2021.Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in the track and trace solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The track and trace solutions market research report is one of a series of new reports that provides track and trace solutions market statistics, including track and trace solutions industry global market size, regional shares, competitors with a track and trace solutions market share, detailed track and trace solutions market segments, market trends and opportunities, and any further data you may need to thrive in the track and trace solutions industry. This track and trace solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Stringent regulations and standards for the implementation of serialisation are expected to propel the growth of the track and trace solutions market going forward.Regulatory standards refer to rules, laws, regulations, and regulatory authority advisory opinions applicable to the manufacturing, marketing, and reimbursement of any product.

Stringent regulations and standards passed by the government help to improve capacities and improve surveillance and investigation of foodborne infections through the pulse net, the integrated food safety centres of excellence, and other programs.For instance, in 2021, according to the European Commission, a UK-based executive of the European Union, the major development related to serialisation and traceability in the medical device sector is the EU-MDR regulation.

The EU MDR is a new set of laws that took effect on May 26, 2021.Its goal is to improve the safety and performance of medical devices throughout their lifecycle by strengthening regulations and emphasising market vigilance, which was lacking when the previous MDD (Medical Devices Directive) law was passed in 1992.

Therefore, stringent regulations and standards for the implementation of serialization are driving the track and trace solutions market.

The adoption of radio-frequency identification (RFID) technology is a key trend gaining popularity in the track and trace solution market.Major companies operating in the track and trace system market are adopting RFID technology to strengthen their position in the market.

For example, in September 2020, Fresenius Kabi, a Germany-based healthcare company operating in the track and trace solutions market, is integrating RFID labels into packages for routinely used operating room drugs. The track-and-trace system adheres to open GS1 worldwide standards and protects drug inventory, adding an added layer of patient safety.

In July 2021, Zeiser, a Germany-based security printing service provider, acquired track and trace software from Inspection for an undisclosed amount.Through this acquisition, Zeiser expands its leading position as a provider of serialisation solutions and services for the security printing industry.

Document Inspection is a UK-based technology provider of document inspection and tracking and tracing software.

The countries covered in the track and trace solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace 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 [email protected] 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 - [email protected] 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.
Purchase Reports From Reputable Market Research Publishers

Life Science Product Design & Development Service Market Research Report by Phase, End-user, Application, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19

  • $ 3949
  • October 2022
  • 254 pages

Life Science Product Design & Development Service Market Research Report by Phase, End-user, Application, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19 The Global Life Science Product ...

  • World
  • United States
  • Medical Device
  • Marketing Research
  • Industry analysis

ref:plp2022

Reportlinker.com © Copyright 2022. 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