Track and trace solutions provide comprehensive information related to cross-border shipments, and are widely used for monitoring specific products or goods across the globe. The track and trace solutions encompass label that mentions every commercial unit with a code carrying a serial number, and a tamper-evident seal with product. The track and trace solutions are gaining extensive traction from medical devices sector, as they provide authentic information about the location of devices, when the need arises.
Burgeoning focus of manufacturers on brand protection, proliferating pharmaceutical and medical devices industries, and stringent sterilization regulations are some primary factors expected to drive track and trace solutions market. These factors pushed the value of track and trace solutions market to new heights.
Pharmaceutical & biopharmaceutical companies segment is expected to account for the largest share of the market. The large share of the market is mainly due to factors such as the growing number of counterfeit drugs, specifically in developing countries, and stringent regulations for the Pharmaceutical Packaging industry.
The serialization segment accounted for the largest share of the track and trace solutions market. The market is segmented into serialization; aggregation; and tracking, tracing, & reporting. The serialization segment accounted for the largest share of the applications market. The increasing number of counterfeit drugs and stringent government regulations for the implementation of serialization is driving the track and trace serialization solutions market.
The market in APAC is expected to grow at the highest during the forecast period. The expanding pharmaceutical market and the implementation of stringent regulations to enhance the quality and reliability of pharmaceutical drugs are the key drivers for market growth in this region.
Key market players include OPTEL Group (Canada), Mettler-Toledo International Inc. (US), Systech International Inc. (US), TraceLink Inc. (US), Antares Vision (Italy), SAP (US), Xyntek Inc. (US), Adents International (France), SEA Vision Srl (Italy), Robert Bosch (Germany), Körber Medipak Systems AG (Switzerland), Siemens AG (Germany), Uhlmann Group (Germany), Jekson Vision (India), Videojet Technologies, Inc. (US), among others.
Key questions the report answers:
· Where will all these developments take the industry in the medium to long-term?
· Who are the major applications of track and trace solutions?
· Which are the major track and trace solutions segments?
· Which technologies are mainly used for track and trace?
· Who are the major end users of track and trace solutions?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1. Market Drivers
3.1.1.Stringent Regulations & Standards for the Implementation of Serialization
3.1.2.Increasing Focus of Manufacturers on Brand Protection
3.1.3.Growth in the Number of Packaging-Related Product Recalls
3.1.4.High Growth in the Generic and OTC Markets
3.1.5.Growth in the Medical Device Industry
3.2. Market Restraints
3.2.1.Huge Setup Costs
3.2.2.High Costs and Long Implementation Timeframe Associated With Serialization and Aggregation
3.2.3.Lack of Common Standards for Serialization and Aggregation
3.2.4.Existence of Technologies That Deter Counterfeiters.
3.3. Market Opportunities
3.3.1.Increase in Offshore Pharmaceutical Manufacturing
3.3.2.Remote Authentication of Products
4. Executive Summary
5. Track and Trace Solutions Market, By Product
5.2. Hardware Components
5.3. Standalone Platforms
6. Track and Trace Solutions Market, By Application
6.3. Tracking, Tracing, & Reporting
7. Track and Trace Solutions Market, By Technology
7.1. 2D Barcodes
7.2. Radiofrequency Identification (RFID)
7.3. Linear Barcodes
8. Track and Trace Solutions Market, By End User
8.1. Pharmaceutical & Biopharmaceutical Companies
8.2. Medical Device Companies
8.3. Cosmetic Industry
8.4. Other End Users
9. Track and Trace Solutions Market, By Region
9.1. North America
9.1.10. Rest of Europe
9.2. Asia Pacific
9.2.5.Rest of Asia Pacific
9.3. Latin America
9.3.3.Rest of Latin America
9.4. Middle East and Africa
10. Company Profiles
10.1. Antares Vision
10.4. Optel Group
10.5. Tracelink Inc.
10.6. Acg Worldwide
10.7. Adents International
10.8. Sea Vision S.R.L.
10.9. Körber AG
10.10. Siemens AG
10.11. Systech International
10.13. Zebra Technologies Corporation
10.14. Robert Bosch GmbH
10.15. Uhlmann Group
*Company introduction, financial information, recent developments, SWOT analysis
11. Conclusion and Recommendation
12.2. Related Reports