Track & Trace Solutions Market Set to Exceed $6.8 Billion by 2026 - ResearchAndMarkets.com

The "Track And Trace Solutions Market Size, Share & Trends Analysis Report By Product, By Technology (Barcodes, RFID), By Application (Serialization, Aggregation), By End Use, By Region, And Segment Forecasts, 2019 - 2026" report has been added to ResearchAndMarkets.com's offering.

The global track and trace solutions market size is expected to reach USD 6.81 billion by 2026. It is anticipated to register a CAGR of 17.9% during the forecast period.

Increasing focus of pharmaceutical and biopharmaceutical companies on ensuring brand protection is one of the major factors driving the growth. Pharmaceuticals and medical devices manufacturers encounter a major threat from counterfeit products and theft. Deployment of track and trace solution helps manufacturers enhance distribution channel efficiency and reduces the frequency of counterfeit products.

Increased incidence of counterfeit drugs in developing countries of Asia, Africa, and Latin America is a major factor contributing to the high adoption of track and trace solutions. It is expected that more than 40 countries and over 75% of worldwide medicine supply will be covered by track and trace regulations in near future. Automatic identification technologies including barcoding and RFID are recommended by the Food and Drug Administration (FDA) to pharmaceuticals and other healthcare companies. Incidence of drug counterfeiting and theft is very high in developing countries like China and India. This is expected to drive the demand from emerging countries like China, India, and Brazil.

Furthermore, rising adoption of track and trace solution by healthcare manufacturers is projected to fuel the market growth in the forthcoming years. Introduction of advanced technology, such as RFID, provides fast reading and delivers high levels of security. However, the deployment cost of serialization and aggregation solutions, as well as lack of common regulations and standards, is expected to hamper the growth.

Further Key Findings from the Study Suggest:

  • Software solutions was the largest revenue-generating segment in 2018, mainly due to the regulatory mandates for the execution of serialization and aggregation in healthcare sector
  • Serialization solution was the largest grossing segment in 2018, owing to increasing application of serialization in pharmaceuticals and medical devices packaging will be a vital factor contributing to the growth
  • RFID segment is expected to exhibit the fastest CAGR during the study period, attributed to the technological advantages, such as high durability and reusability, more data storage capacity, and no requirement of line of sight
  • North America is set to reign the global market in 2019. Rising implementation of regulatory standards and regulations along with high adoption of those solutions are anticipated to contribute to the growth
  • Some key players serving track and trace solutions market include Axway, Mettler-Toledo International, Inc., Optel Vision, Adents International, Antares Vision srl, TraceLink, Inc., Siemens AG, ACG Worldwide, Seidenader Maschinenbau GmbH, and Systech, Inc

Key Topics Covered

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

2.1 Market Outlook

2.2 Segment Outlook

2.3 Competitive Insights

Chapter 3 Track and Trace Solutions Market Variables, Trends & Scope

3.1 Market Lineage Outlook

3.1.1 Parent Market Outlook

3.1.2 Ancillary Market Outlook

3.2 Penetration and Growth Prospect Mapping

3.3 Industry Value Chain Analysis

3.3.1 Cost Structure Analysis

3.3.2 User Perspective Analysis

3.3.2.1 Consumer behavior analysis

3.3.3 Cost Analysis Breakdown

3.3.4 List Of Key End Users, By Region

3.4 Technology Overview

3.4.1 Technology Timeline

3.5 Regulatory Framework

3.5.1 Reimbursement Framework

3.5.2 Standards And Compliances

3.6 Market Dynamics

3.6.1 Market Driver Analysis

3.6.1.1 Increasing focus of pharmaceutical and medical devices manufacturers on brand protection

3.6.1.2 Favorable regulations for serialization implementation

3.6.1.3 Untapped opportunities in emerging regions

3.6.2 Market Restraint Analysis

3.6.2.1 High cost associated with implementation of serialization

3.6.3 Industry Challenges

3.6.3.1 Presence of ambiguous regulatory framework

3.7 Track and Trace Solutions Market Analysis tools

3.7.1 Industry Analysis - Porter's

3.7.1.1 Supplier Power

3.7.1.2 Buyer Power

3.7.1.3 Substitution Threat

3.7.1.4 Threat from new entrants

3.7.1.5 Competitive Rivalry

3.7.2 Pestel Analysis

3.7.2.1 Political Landscape

3.7.2.2 Environmental Landscape

3.7.2.3 Social landscape

3.7.2.4 Technology landscape

3.7.2.5 Legal Landscape

3.7.3 Major Deals And Strategic Alliances Analysis

3.7.3.1 Joint ventures

3.7.3.2 Mergers and acquisitions

3.7.3.3 Licensing and partnership

3.7.3.4 Technology collaborations

3.7.3.5 Strategic Divestments

3.7.4 Market Entry Strategies

3.7.5 Case Studies

Chapter 4 Track and Trace Solutions Market - Competitive Analysis

4.1 Recent Developments & Impact Analysis, by Key Market Participants

4.2 Company Categorization

4.3 Vendor Landscape

4.3.1 List Of Key Distributors And Channel Partners

4.3.2 Key Customers

4.3.3 Key Company Key Share Analysis, 2018

4.4 Public Companies

4.4.1 Company Market Position Analysis

4.4.2 Company Market Share, By Region

4.4.3 Competitive Dashboard Analysis

4.4.3.1 Market differentiators

4.4.3.2 Synergy analysis: Major deals and strategic alliances

4.5 Private Companies

4.5.1 List Of Key Emerging Companies

4.5.2 Regional Network Map

4.5.3 Company Market Position Analysis

4.5.4 Supplier Ranking

Chapter 5 Track and Trace Solutions Market: Product Estimates and Trend Analysis

5.1 Definition & Scope

5.2 Product Market Share Analysis, 2018 & 2026

5.3 Segment Dashboard

5.4 Global Track and Trace Solutions Market, by Product, 2015 to 2026

5.5 Market Size & Forecasts and Trend Analyses, 2015 to 2026

5.6 Hardware systems

5.6.1 Hardware systems Market, 2015 To 2026 (USD Million)

5.7 Software solutions

5.7.1 Software solutions Market, 2015 to 2026 (USD Million)

Chapter 6 Track and Trace Solutions Market: Technology Estimates and Trend Analysis

6.1 Definition & Scope

6.2 Technology Market Share Analysis, 2018 & 2026

6.3 Segment Dashboard

6.4 Global Track and Trace Solutions Market, by Technology, 2015 to 2026

6.5 Market Size & Forecasts and Trend Analyses, 2015 to 2026

6.5.1 Barcodes

Chapter 7 Track and Trace Solutions Market: Application Estimates and Trend Analysis

7.1 Definition & Scope

7.2 Application Market Share Analysis, 2018 & 2026

7.3 Segment Dashboard

7.4 Global Track and Trace Solutions Market, by Application, 2015 to 2026

7.5 Market Size & Forecasts and Trend Analyses, 2015 to 2026

7.6 Serialization solutions

7.6.1 Serialization Solutions Market, 2015 To 2026 (USD Million)

7.7 Aggregation solutions

7.7.1 Aggregation Solutions Market, 2015 To 2026 (USD Million)

Chapter 8 Track and Trace Solutions Market: End Use Estimates and Trend Analysis

8.1 Definition & Scope

8.2 End Use Market Share Analysis, 2018 & 2026

8.3 Segment Dashboard

8.4 Global Track and Trace Solutions Market, by End Use, 2015 to 2026

8.5 Market Size & Forecasts And Trend Analyses, 2015 To 2026

8.5.1 Pharmaceutical Companies

8.5.2 Medical Device Companies

8.5.3 Healthcare Others

8.5.4 Food And Beverage

8.5.5 Consumer Packaged Goods

8.5.6 Luxury Goods

Chapter 9 Track and Trace Solutions Market: Regional Estimates & Trend Analysis

9.1 Regional Market Snapshot

9.2 Regional Market Share and Leading Players, 2018

9.3 Market Share Analysis by Country, 2018

9.4 Swot Analysis, By Factor (Political & Legal, Economic And Technological)

9.5 Market Size & Forecasts, and Trend Analysis, 2018 to 2026

Chapter 10 Company Profiling

10.1 Company Profiles

10.1.1 Axway

10.1.2 Mettler-Toledo International, Inc.

10.1.3 Optel Vision

10.1.4 Tracelink, Inc.

10.1.5 Adents International

10.1.6 Antares Vision Srl

10.1.7 Siemens AG

10.1.8 Seidenader Maschinenbau GmbH

10.1.9 ACG Worldwide

10.1.10 Systech, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/q6vor7