Edison, NJ -- (SBWIRE) -- 05/15/2020 -- A new independent 200 page research with title 'Global Track and Trace Solutions Market Size study, by Product (Software, Hardware, Standalone Platforms), by Application (Serialization, Aggregation, Tracking, Tracing, & Reporting), by Technology (2D Barcodes, Radiofrequency Identification (RFID), Linear Barcodes), by End-User (Pharmaceutical & Biopharmaceutical Companies, Medical Device Companies, Cosmetic Industry, Others) and Regional Forecasts 2020-2026' guarantees you will remain better informed than your competition. The study covers geographic analysis that includes regions like Asia Pacific, North America, Europe, Latin America and Rest of the World and important players/vendors such as Antares Vision, Axway, Mettler Toledo etc. The research gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2026
Get customization & check discount for report @ https://www.htfmarketreport.com/request-discount/2611598-global-track-and-trace-solutions-market-size-study-by-product
Summary
Global Track and Trace Solutions Market is valued approximately USD 2.2 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 18.5% over the forecast period 2020-2026. In the recent years, the demand for track and trace solutions has been witnessed a significant growth in healthcare sector. Track and trace solutions are involved with the logistics and distribution of extensive range of products, which allows to locate the present and previous location of the object of interest. The major technologies utilized to pursue the delivery of the products consist of barcodes and radio-frequency identification (RFID). Recently, there is a rise in the product recall, that resulted into development of hardware, software and consulting systems by the producers of track and trace systems. These products provide an extensive range of solutions for tracking products catering to varied industries. Increasing number of product recalls and counterfeit drugs, stringent regulations & standards for the implementation of serialization and rise in production of medical devices worldwide are the few factors responsible for high CAGR of the market over the forecast period. For instance, in June 2017, the FDA established product identifier requirements under the Drug Supply Chain Security Act (DSCSA) Compliance Policy. In this policy, the FDA defines that drugs to be sold in the United States must have item-level serialization and printed on unit-of-sale prescription drugs. The DSCSA also require a "standardized numerical identifier" to exclusively categorize packages or homogenous cases that are organized by the National Drug Code (NDC). This, in turn, is expected to accelerate the demand for Track and Trace Solutions for tracking drugs to avoid product recalls, thus contributing to the growth of the global market. However, high costs of serialization and aggregation, along with the lack of common standards for serialization and aggregation are the few factors expected to hamper the growth of the market over the forecast period of 2020-2026.
The regional analysis of global Track and Trace Solutions market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing number of counterfeit drugs, along with the presence of stringent policies for serialization and aggregation in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to the implementation of regulations & norms to improve the reliability and quality of pharmaceutical drugs in the countries like China and India.
Major market player included in this report are:
Antares Vision, Axway, Mettler Toledo, Optel Group, TraceLink, Inc., Adents High Tech International SAS, SEA Vision s.r.l, Körber AG, Siemens AG, Systech Group Limited
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
View Detailed Table of Content @ https://www.htfmarketreport.com/reports/2611598-global-track-and-trace-solutions-market-size-study-by-product
By Product:
Software
Hardware
Standalone Platforms
By Application:
Serialization
Aggregation
Tracking, Tracing, & Reporting
By Technology:
2D Barcodes
Radiofrequency Identification (RFID)
Linear Barcodes
By End-User:
Pharmaceutical & Biopharmaceutical Companies
Medical Device Companies
Cosmetic Industry
Others
By Region:
North America (U.S., Canada)
Europe (UK, Germany)
Asia Pacific (China, India, Japan)
Latin America (Brazil, Mexico)
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Track and Trace Solutions Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Request a sample report @ https://www.htfmarketreport.com/sample-report/2611598-global-track-and-trace-solutions-market-size-study-by-product
TABLE OF CONTENTS
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Track and Trace Solutions Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Track and Trace Solutions Market Dynamics
3.1. Track and Trace Solutions Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Track and Trace Solutions Market Industry Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Track and Trace Solutions Market, by Product
5.1. Market Snapshot
5.2. Global Track and Trace Solutions Market by Product, Performance - Potential Analysis
5.3. Global Track and Trace Solutions Market Estimates & Forecasts by Product 2016-2026 (USD Billion)
5.4. Track and Trace Solutions Market, Sub Segment Analysis
....Continued
Place a Purchase Order for this Market Study (Single User License) at: https://www.htfmarketreport.com/buy-now?format=1&report=2611598
Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
About HTF Market Report
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the "Accurate Forecast" in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their "Goals & Objectives".
Contact US :
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com
Connect with us at LinkedIn | Facebook | Twitter