Track and Trace Solutions Market to Grow at a CAGR of 19.3% to 2026 | Key Players – Xyntek , ACG Worldwide, Uhlmann Packaging Systems LP, Sea Vision, Antares Vision, Siemens AG, Zebra Technologies, Körber Medipak Systems
Track and Trace Solutions market is accounted for $1.35 billion in 2017 and is expected to reach $6.60 billion by 2026 growing at a CAGR of 19.3% during the forecast period. Increasing focus of manufacturers on brand protection, growth in the medical devices & pharmaceutical industries and rising number of packaging related product recalls are some key factors driving the market growth. However, high cost associated with serialization and aggregation is restraining the market growth.
Track and trace solutions has a prosperous future with increasing deployment of these solutions by medical devices and pharmaceutical drugs manufacturers. Track and trace solutions are concerned with the distribution and logistics of wide range of products, which facilitates to locate the present and previous location of the object of interest. One of the major problems faced by large scale pharmaceutical and biopharmaceutical companies is drug counterfeiting. To ensure that brands get a share of brand recognition, they are adopting the use of these solutions in supply chain monitoring. Track-and-trace on packaging lines at high rates and subsequently ensures integration with multiple IT systems.
Major Key Players of the Track and Trace Solutions Market are:
Xyntek , ACG Worldwide, Uhlmann Packaging Systems LP, Sea Vision, Antares Vision, Siemens AG, Zebra Technologies, Körber Medipak Systems, Adents International, METTLER Toledo International Inc., Tracelink Inc., Optel Group, Werum IT Solutions GmbH, Systech International, Axway Inc., Pester pac automation, Robert Bosch GmbH, Seidenader Maschinenbau GmbH, Weber Marking Systems GmbH and Marchesini Group S.p.A.
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Amongst technology, Radiofrequency Identification (RFID) segment is likely to witness significant market share over the forecast period. RFID in healthcare track and trace is growing at fast pace due to the increasing need for smart packaging in this sector. RFID technology delivers an immediate way to retrieve product information, track products in the supply chain, and offers assistance in order to avoid unnecessary costs associated with counterfeiting or theft of products. By geography, Asia Pacific held largest market share during the forecast period due to high occurrence of counterfeit drugs in the emerging countries like China & India. In addition, manufacturers are increasingly focusing on strengthening their presence in emerging APAC countries.
Major Types of Track and Trace Solutions covered are:
-Radiofrequency Identification (RFID)
Major Applications of Track and Trace Solutions covered are:
-Tracking, Tracing, & Reporting Solutions
End Users Covered:
-Medical Device Companies
-Pharmaceutical & Biopharmaceutical Companies
-Food & Beverages
-Other End Users
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The report is a combination of qualitative and quantitative analysis of the Track and Trace Solutions industry. It provides market estimation and forecasting of the Track and Trace Solutions market for the period of 2017 to 2025, considering 2017 as the base year and 2018-2025 as the forecast period. The global market majorly considers five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SACM). The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Track and Trace Solutions Market Size
2.2 Track and Trace Solutions Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Track and Trace Solutions Market Size by Manufacturers
3.2 Track and Trace Solutions Key Players Head office and Area Served
3.3 Key Players Track and Trace Solutions Product/Solution/Service
3.4 Date of Enter into Track and Trace Solutions Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Track and Trace Solutions Sales by Product
4.2 Global Track and Trace Solutions Revenue by Product
4.3 Track and Trace Solutions Price by Product
5 Breakdown Data by End User
5.2 Global Track and Trace Solutions Breakdown Data by End User
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In the end, Track and Trace Solutions industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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