San Francisco, 31 October 2018 , The global track and trace solutions market size is expected to reach USD 5.2 billion
by 2025, according to a new report by Grand View Research, Inc. The track and
trace solutions market is anticipated to witness a high growth during the
forecastperiod from 2016 to 2025. The high growth is attributed to a majority
of factors, such as the increasing focus of pharmaceutical &
biopharmaceutical companies on ensuring brand protection. The pharmaceuticals
& medical devices manufacturers encounter a major threat from counterfeit
products and theft. The deployment of track and trace solution helps
manufacturers enhance distribution channel efficiency and reduces the frequency
of counterfeit products.
Furthermore, rising adoption of track and
trace solution by healthcare manufacturers would fuel the market growth in the
long run. Introduction of advanced technology, such as RFID, provides fast
reading and delivers high levels of security. However, the deployment cost of
serialization & aggregation solutions, as well as lack of common
regulations and standards,is expected to hamper market growth.
Full Research Report On Track And Trace Solutions
Market Analysis:
www.grandviewresearch.com/industry-analysis/track-trace-solutions-market
www.grandviewresearch.com/industry-analysis/track-trace-solutions-market
Further Key Findings from the Study Suggest:
·
The software solutions segment was the
largest revenue-generating segment of the track and trace solutions market in
2015. This contribution ismainly because of the regulatory mandates for the
execution of serialization & aggregation in healthcare sector
·
The serialization solution was the largest
grossing segment in 2015. Increasing application of serialization in
pharmaceuticals & medical devices packaging will be a vital factor
contributing to the sector growth
·
The RFID segment is expected to exhibit
fastest growth rate during the study period. The key factors attributing to the
growth of the segment are technological advantages, such as high durability and
reusability, more data storage capacity, and no requirement of line of sight
·
North America is estimated to reign the
global market in the year 2015. The rising implementation of regulatory
standards & regulations along with high adoption rate of track and trace
solutions by consumers is anticipated to contribute to the market growth
·
Somekey players serving track and trace
solutions market includeAxway; Mettler-Toledo International, Inc.; Optel
Vision;Adents International; Antares Vision srl; TraceLink, Inc.;Siemens AG;ACG
Worldwide,Seidenader Maschinenbau GmbH;and Systech, Inc.
Browse
More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/healthcare-it
Grand View Research has segmented the track and trace solutions market
on the basis of product, technology, application, enduse, and region:
Track and Trace Solutions Product
Outlook (Revenue, USD Million, 2014 - 2025)
·
Hardware Systems
o
Printing & marking solutions
o
Monitoring & verification solutions
o
Labeling solutions
o
Others
·
Software Solutions
o
Plant manager software
o
Line controller software
o
Bundle tracking software
o
Others
Track and Trace Solutions Technology Outlook
(Revenue, USD Million, 2014 - 2025)
·
Barcodes
·
RFID
Track and Trace Solutions Application
Outlook (Revenue, USD Million, 2014 - 2025)
·
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
Track and Trace Solutions End-user Outlook
(Revenue, USD Million, 2014 - 2025)
·
Pharmaceutical Companies
·
Medical Device Companies
·
Others
Track and Trace Solutions Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
Middle East and Africa
o
South Africa
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-track-trace-solutions-market
www.grandviewresearch.com/press-release/global-track-trace-solutions-market
About Grand View Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
