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Global Track and Trace Solutions Market Is Thriving With Rising Latest Trends By 2026 |Robert Bosch Packaging Technology GmbH; Zebra Technologies Corp.; Uhlmann; RFXCEL CORP.; Weber Marking Systems GmbH; Marchesini Group S.p.A.; Global Healthcare Exchange, LLC

Global track and trace solutions market is expected to rise to an estimated value of USD 6.00 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing awareness regarding the protection of unique medical products as well as the increasing commercialization of medical devices globally.

This Track and Trace Solutions market report comprises of comprehensive and thorough insights which are based on business intelligence. With this market analysis report, it becomes easy to gather ABC industry information more quickly. This market research report contains thorough analysis of market and numerous related factors that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. This market report brings together precise and accurate market research information that drives business into the right direction. Track and Trace Solutions report is also useful when launching a new product or expanding the business regionally or globally.

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Few of the major competitors currently working in the global track and trace solutions market are Antares Vision; Axway; METTLER TOLEDO; OPTEL GROUP; TraceLink; ACG; Adents; Körber AG; Siemens AG; Systech International; Robert Bosch Packaging Technology GmbH; Zebra Technologies Corp.; Uhlmann; RFXCEL CORP.; Weber Marking Systems GmbH; Marchesini Group S.p.A.; Global Healthcare Exchange, LLC; PharmaSecure Inc. and Zetes among others.

Track and Trace - VITRONIC - the machine vision people

Study Highlights

  1. To analyze the market size of the market and infer the key trends from it.
  2. Industry Chain Suppliers of Track and Trace Solutions market with Contact Information
  3. The key findings and recommendations highlight crucial progressive industry trends in the Track and Trace Solutions Market, thereby allowing players to develop effective long term strategies
  4. To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Track and Trace Solutions market
  5. Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across Europe.

 

 

Track and trace solutions market is growing due to increasing prevalence of regulations, rising prevalence of counterfeit medical products and pharmaceuticals; the effects of these factors are mentioned below:

  • Increasing prevalence of regulations for the implementation of unique identification methods for products from the authoritiesThe market for track and trace solutions will experience a significant factor behind its growth rate as the volume of regulations present for the implementation of unique identification methods for different products increases rapidly. This is due to the fact that authorities are implementing strict regulations for manufacturers to adopt advanced methods to reduce the incidences of counterfeit products being available in the market
  • Rising prevalence of counterfeit medical products and pharmaceuticals: Another factor that is playing an important role in the demands for implementing track and trace solutions in various businesses’ logistics chain is the availability of counterfeit products especially in medical and pharmaceutical industry. This results in wide amount of losses for the manufacturers along with significant reputation loss

Market Drivers

  • Increasing prevalence of regulations for the implementation of unique identification methods for products from the authorities are factors driving the growth of the market
  • Increasing number of products being recalled by various manufacturers and healthcare companies requiring better inventory management; this factor is expected to drive the growth of the market
  • Increasing prevalence of generic and over-the-counter medicine products is also expected to drive the growth of the market
  • Rising prevalence of counterfeit medical products and pharmaceuticals flooding the market

Market Restraints

  • Large financial costs associated with the establishment and operations of these solutions is expected to restrict its complete adoption
  • Increasing consumption of resources to implement the components required for the functioning of this solution is expected to hinder the growth of the market

Table Of Content:

Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Global Track and Trace Solutions Market Landscape

Part 04: Global Track and Trace Solutions Market Sizing

Part 05: Global Track and Trace Solutions  Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape
Part 08: Geographic Landscape

Part 09: Decision Framework
Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Segmentation: Global Track and Trace Solutions Market

By Product

(Software; Hardware Components; Standalone Platforms);

Application

(Serialization; Aggregation; Tracking, Tracing & Reporting);

Technology

(RTLS; 2D Barcodes; Radiofrequency Identification (RFID); Linear Barcodes);

End-User

(Pharmaceutical & Biotechnology Companies; Medical Device Companies; Cosmetic Industry; Food & Beverages; Consumer Packaged Goods; Luxury Goods; Others);

Geography

(North America; Europe; Asia-Pacific; South America; Middle East and Africa)

Key Developments in the Market:

  • In August 2017, TraceLink announced that they had acquired ROC IT Solutions, establishing TraceLink as the leader of data assessment and capturing provider for serialization of products for the pharmaceutical market. This will ensure that the users can exchange the product data from their inventories across the different supply chain network users.
  • In June 2017, TraceLink announced the launch of “Automated Validation Manager (AVM)”. The web-based solution offering is designed to be integrated with TraeLink’s “Life Sciences Cloud” consistently which will restrict the usage of having to do manual validation while this validation cycle will provide complete information with just logging in to the web portal

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