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Oct 6, 2020 12:17 PM ET

Track and Trace Solutions Market Expected to Witness Robust Growth | Antares Vision, Axway, Mettler Toledo, Optel Group


iCrowd Newswire - Oct 6, 2020

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 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Track and Trace Solutions market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Track and Trace Solutions market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis

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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.

Track and Trace Solutions Market

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

Korber 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:

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

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

Q.1 What are some of the most promising potential, high growth opportunities for the global market by application, by product, by end user and by region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster speed and why?

Q.3 Which regions will grow at a faster speed and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats of market?

Q.6 What are emerging trends in market and the reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the leading players in market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this market?

Q.11 What M & A activities have taken place in the last five years in this market?

The Study Explore COVID 19 Outbreak Impact Analysis

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Key Points Covered in Track and Trace Solutions Market Report:

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Track and Trace Solutions Market, by Region, 2018-2026 (USD Billion)
1.2.2. Track and Trace Solutions Market, by Product, 2018-2026 (USD Billion)
1.2.3. Track and Trace Solutions Market, by Application, 2018-2026 (USD Billion)
1.2.4. Track and Trace Solutions Market, by Technology, 2018-2026 (USD Billion)
1.2.5. Track and Trace Solutions Market, by End-User, 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
2.2.1. Scope of the Study
2.2.2. Industry Evolution
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
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
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
5.4.1. Software
5.4.2. Hardware
5.4.3. Standalone Platforms
Chapter 6. Global Track and Trace Solutions Market, by Application
6.1. Market Snapshot
6.2. Global Track and Trace Solutions Market by Application, Performance – Potential Analysis
6.3. Global Track and Trace Solutions Market Estimates & Forecasts by Application 2016-2026 (USD Billion)
6.4. Track and Trace Solutions Market, Sub Segment Analysis
6.4.1. Serialization
6.4.2. Aggregation
6.4.3. Tracking, Tracing, & Reporting
Chapter 7. Global Track and Trace Solutions Market, by Technology
7.1. Market Snapshot
7.2. Global Track and Trace Solutions Market by Technology, Performance – Potential Analysis
7.3. Global Track and Trace Solutions Market Estimates & Forecasts by Technology 2016-2026 (USD Billion)
7.4. Track and Trace Solutions Market, Sub Segment Analysis
7.4.1. 2D Barcodes
7.4.2. Radiofrequency Identification (RFID)
7.4.3. Linear Barcodes
Chapter 8. Global Track and Trace Solutions Market, by End-User
8.1. Market Snapshot
8.2. Global Track and Trace Solutions Market by End-User, Performance – Potential Analysis
8.3. Global Track and Trace Solutions Market Estimates & Forecasts by End-User 2016-2026 (USD Billion)
8.4. Track and Trace Solutions Market, Sub Segment Analysis
8.4.1. Pharmaceutical & Biopharmaceutical Companies
8.4.2. Medical Device Companies
8.4.3. Cosmetic Industry
8.4.4. Others
Chapter 9. Global Track and Trace Solutions Market, Regional Analysis
9.1. Track and Trace Solutions Market, Regional Market Snapshot
9.2. North America Track and Trace Solutions Market
9.2.1. U.S. Track and Trace Solutions Market
9.2.1.1. Product breakdown estimates & forecasts, 2016-2026
9.2.1.2. Application breakdown estimates & forecasts, 2016-2026
9.2.1.3. Technology breakdown estimates & forecasts, 2016-2026
9.2.1.4. End-User breakdown estimates & forecasts, 2016-2026
9.2.2. Canada Track and Trace Solutions Market
9.3. Europe Track and Trace Solutions Market Snapshot
9.3.1. U.K. Track and Trace Solutions Market
9.3.2. Germany Track and Trace Solutions Market
9.3.3. Rest of Europe Track and Trace Solutions Market
9.4. Asia-Pacific Track and Trace Solutions Market Snapshot
9.4.1. China Track and Trace Solutions Market
9.4.2. India Track and Trace Solutions Market
9.4.3. Japan Track and Trace Solutions Market
9.4.4. Rest of Asia Pacific Track and Trace Solutions Market
9.5. Latin America Track and Trace Solutions Market Snapshot
9.5.1. Brazil Track and Trace Solutions Market
9.5.2. Mexico Track and Trace Solutions Market
9.6. Rest of The World Track and Trace Solutions Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Antares Vision
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Axway
10.2.3. Mettler Toledo
10.2.4. Optel Group
10.2.5. TraceLink, Inc.
10.2.6. Adents High Tech International SAS
10.2.7. SEA Vision s.r.l
10.2.8. Korber AG
10.2.9. Siemens AG
10.2.10. Systech Group Limited
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

……..and view more in complete table of Contents

 

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