Albany, NY -- (SBWire) -- 05/06/2019 --Track and Trace Solutions Market report includes (6 Year Forecast 2019-2025) includes Overview, classification, industry value, price, cost and gross profit. It also offers in-intensity insight of the Track and Trace Solutions industry masking all vital parameters along with, Drivers, Market Trends, Market Dynamics, Opportunities, Competitive Landscape, Price and Gross Margin, Track and Trace Solutions market Share via Region, New Challenge Feasibility Evaluation, Analysis and Guidelines on New mission Investment.
In distribution and logistics of many types of products, track and trace or tracking and tracing, concerns a process of determining the current and past locations (and other information) of a unique item or property.
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Geographically, North America dominated the global healthcare track and trace solutions market in 2015. The large share of this region can be attributed to presence of developed healthcare systems in the U.S. & Canada and growing R&D spending on pharmaceuticals & biotechnology in this region. The Asia-Pacific region is expected to register the highest CAGR, due to the growth in research activities & pharmaceutical manufacturing and increasing investments by leading players and respective government agencies in the region.
There are companies adding new technology and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.
Some major players catering to the track and trace solutions market are Axway; Mettler-Toledo International, Inc.; Optel Vision; TraceLink, Inc.; Adents International; Antares Vision srl; Siemens AG; Seidenader Maschinenbau GmbH; ACG Worldwide; and Systech, Inc. There are various small and large manufacturers offering products for tracking and tracing applications, resulting in intense competition among vendors.
The vendors are increasing their focus on strategic partnerships with their consumers and are collaborating with other vendors in the sector. Mergers and acquisitions is another major strategy applied by vendors to get maximum revenue share in this sector. For instance, in June 2016, Recipharm, the contract development and manufacturing organization, announced global partnership with SEA Vision, Marchesini, and TraceLink to introduce new serialization capabilities.
In 2018, the global Track and Trace Solutions market size was 1380 million US$ and it is expected to reach 4700 million US$ by the end of 2025, with a CAGR of 16.5% during 2019-2025.
This report focuses on the global Track and Trace Solutions status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Track and Trace Solutions development in United States, Europe and China.
The key players covered in this study
Axway Inc
Adents Internationa
Optel Vision
Mettler-Toledo International
Systech
TraceLink
Antares Vision
Xyntek
Sea Vision Srl
Siemens AG
Seidenader Maschinenbau GmbH
ACG Worldwide
Market segment by Type, the product can be split into
Hardware Systems
Software Solution
Market segment by Application, split into
Pharmaceutical & Biopharmaceutical Companies
Medical Device Companies
Cosmetic Industry
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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The study objectives are:
To analyze global Track and Trace Solutions status, future forecast, growth opportunity, key market and key players.
To present the Track and Trace Solutions development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
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Track and Trace Solutions Market Growth Revenue and Cost Analysis with Key Company's Profiles, Forecast to 2025 - Axway Inc, Systech, TraceLink and Antares Vision
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