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Track and Trace Solutions Market to Grow at CAGR of 15.3% to Hit US$ 6,049.0 million by 2027- COVID-19 Impact and Global Analysis by The Insight Partners
The Track and Trace Solutions in healthcare market was valued at US$ 1,728.3 million in 2018 and it is projected to reach US$ 6,049.0 million by 2027; it is expected to grow at a CAGR of 15.3% from 2018 to 2027.The implementation of track and trace system to enhance visibility across supply chains global engagement among regulators, standards body, industry and other supply chain stake-holders to ensure safe trade across borders. Track and trace systems depends on serialization, the assigning of unique identification numbers to products. The growth of the Track and Trace Solutions in healthcare market is attributed to the stringent regulations & criteria for the implementation of serialization, increase in the number of packaging-related product recalls, and rising focus of manufacturers on brand protection.
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The major players in global Track and Trace Solutions market include:
• OPTEL GROUP
• Axway
• Körber Medipak Systems AG
• ZIH Corp.
• Siemens AG
• TraceLink
• Antares Vision
• RFXCEL CORP.
• SEA VISION S.r.l.
• Adents
Track and Trace Solutions in Healthcare Market – by Component
• Software
o Plant Manager
o Line Controller
o Enterprise & Network Manager
o Bundle Tracking
o Case Tracking
o Pallet Tracking
• Hardware
o Printing & Marking
o Barcode Scanners
o Labeling
o Checkweigher
• o RFID Readers
Track and Trace Solutions in Healthcare Market – by Technology
• Barcodes
• RFID (Radio-Frequency Identification)
Track and Trace Solutions in Healthcare Market – by Application
• Serialization Solutions
o Carton Serialization
o Bottle Serialization
o Medical Device Serialization
o Blister Serialization
o Vials & Ampoules Serialization
• Aggregation Solutions
o Case Aggregation
o Pallet Aggregation
o Bundle Aggregation
o Tracking, Tracing, & Reporting Solutions
Track and Trace Solutions in Healthcare Market – by End User
• Pharmaceutical Industry
• Medical Devices Industry
• Others
The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘TRACK AND TRACE SOLUTIONS Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.
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Geologically, the global Track and Trace Solutions Market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these regions, Asia Pacific controlled the market in the previous years, followed by North America. These districts all in all represented over half of the aggregate income produced by the market. However, Asia Pacific is anticipated to develop at a higher pace amid the gauge time frame took after by Europe, North America, Middle East and Africa and Latin America.
In addition to this, the report incorporates a detailed and wide-ranging overview of the competitive landscape and administrative structure of the Global Track and Trace Solutions Market. This will give users a reasonable understanding of the state of drivers, restraints, opportunities and strategies that affect the market. Along with this, the report gives both subjective as well as objective analysis of the global market.
Chapter Details of Track and Trace Solutions Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Track and Trace Solutions Market Landscape
Part 04: Track and Trace Solutions Market Sizing
Part 05: 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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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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