Future Growth Analysis on Track and Trace Solutions Market 2019-2027 | Axway, Siemens AG, Antares Vision, TraceLink

The global track and trace solutions market accounted to US$ 1,728.3 Mn in 2018 and is expected to grow at a CAGR of 15.3% during the forecast period 2019 – 2027, to account to US$ 6,049.0 Mn by 2027.

Tracking and tracing solutions provides detailed information about cross-border shipments. Tracking solutions are used for monitoring the specific objects or products from across the globe. The Tracking and tracing solutions comprises label with every commercial unit with a code that includes a serial number, and a tamper-evident seal (if desired) with product. Solutions used for track and trace are vital in the medical devices industry as they provide accurate location of devices at the present and previously.

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The report provides a detailed overview on the industry including both qualitative and quantitative information. It provides overview and forecast of the global track and trace solutions market based on component, technology, application and end user. It also provides market size and forecast till 2027 for overall track and trace solutions market with respect to five major regions, namely; North America, Europe, Asia-Pacific, Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 countries globally along with current trend and opportunities prevailing in the region.

Leading Players:

  • OPTEL GROUP
  • Axway
  • Körber Medipak Systems AG
  • ZIH Corp.
  • Siemens AG
  • TraceLink
  • Antares Vision
  • RFXCEL CORP.
  • SEA VISION S.r.l.
  • Adents

The increasing focus of manufacturers on brand protection, rising growth in the pharmaceutical industries and medical devices and stringent regulations & standards for the implementation of serialization are the few factors which are expected to drive the market for track and trace solutions market. The growing number of manufacturing facilities in developing regions and technological advancements challenges likely to add new opportunities for this market in the forecast period.

North America followed anticipated to account the largest share due to the presence of developed healthcare systems in the US & Canada, followed by Europe. The Asia-Pacific region is anticipated to attain the highest growth in the market due to mandatory regulations and refining healthcare infrastructure for the execution of serialization. The technological advancements in the packaging industry and increasing attentiveness on anti-counterfeit packaging technologies among manufacturers in the region are expected to driving the global track and trace solutions market.

Strategic Insights

Strategic acquisition and product launches were observed as the most adopted strategy in global track and trace solutions industry. Few of the recent product launch and acquisitions are listed below;

2019: SEA Vision Group completed the acquisition of Lixis, provider of pharmaceutical vision, control and serialization. The acquisition would help the former company to hold a stronger position in the LATAM market.

2018: OPTEL acquired GeoTraceability, a provider of technical solutions to increase the visibility of suppliers and products in intricate supply chains. This strategic move has helped OPTEL expand its traceability offering.

2017: rfxcel Corporation acquired Frequentz, Inc., a provider of life science and food traceability. The acquisition has enabled rfxcel to offer better serialization and traceability solutions.

The target audience for the report on the Track and Trace Solutions market      

– Manufactures

– Market analysts

– Senior executives

– Business development managers

– Technologists

– R&D staff

– Distributors

– Investors

– Governments

– Equity research firms

– Consultants

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Key Benefits of Buying this Research Study:

– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Track and Trace Solutions Market

– Highlights key business priorities in order to assist companies to realign their business strategies

– The key findings and recommendations highlight crucial progressive industry trends in the Track and Trace Solutions Market, thereby allowing players across the value chain to develop effective long term strategies

– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

– Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

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Posted by on Monday December 02 2019, 11:01 AM EST. All trademarks acknowledged. Filed under Biotechnology, Diagnostics, Healthcare, Life Sciences, Medical Devices, Pharmaceuticals. Comments and Trackbacks are open. Follow responses: RSS 2.0

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