San Francisco, Nov 01 The
global track
and trace solutions market size is expected to reach USD 5.2
billion by 2025, according to a new report by Grand View Research, Inc. The
track and trace solutions market is anticipated to witness a high growth during
the forecastperiod from 2016 to 2025. The high growth is attributed to a
majority of factors, such as the increasing focus of pharmaceutical &
biopharmaceutical companies on ensuring brand protection. The pharmaceuticals
& medical devices manufacturers encounter a major threat from counterfeit
products and theft. The deployment of track and trace solution helps
manufacturers enhance distribution channel efficiency and reduces the frequency
of counterfeit products.
Furthermore,
rising adoption of track and trace solution by healthcare manufacturers would
fuel the market growth in the long run. Introduction of advanced technology,
such as RFID, provides fast reading and delivers high levels of security.
However, the deployment cost of serialization & aggregation solutions, as
well as lack of common regulations and standards,is expected to hamper market
growth.
Browse full research report on Track and Trace Solutions Market:
www.grandviewresearch.com/industry-analysis/track-trace-solutions-market
Further Key Findings from the Study Suggest:
- The software
solutions segment was the largest revenue-generating segment of the track
and trace solutions market in 2015. This contribution ismainly because of
the regulatory mandates for the execution of serialization &
aggregation in healthcare sector
- The
serialization solution was the largest grossing segment in 2015.
Increasing application of serialization in pharmaceuticals & medical
devices packaging will be a vital factor contributing to the sector growth
- The RFID
segment is expected to exhibit fastest growth rate during the study
period. The key factors attributing to the growth of the segment are
technological advantages, such as high durability and reusability, more
data storage capacity, and no requirement of line of sight
- North America
is estimated to reign the global market in the year 2015. The rising
implementation of regulatory standards & regulations along with high
adoption rate of track and trace solutions by consumers is anticipated to
contribute to the market growth
- Somekey
players serving track and trace solutions market includeAxway;
Mettler-Toledo International, Inc.; Optel Vision;Adents International;
Antares Vision srl; TraceLink, Inc.;Siemens AG;ACG Worldwide,Seidenader
Maschinenbau GmbH;and Systech, Inc.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/healthcare-it
Grand
View Research has segmented the track and trace solutions market on the basis
of product, technology, application, enduse, and region:
Track
and Trace Solutions Product Outlook (Revenue, USD Million, 2014 - 2025)
- Hardware
Systems
- Printing
& marking solutions
- Monitoring
& verification solutions
- Labeling
solutions
- Others
- Software
Solutions
- Plant
manager software
- Line
controller software
- Bundle
tracking software
- Others
Track
and Trace Solutions Technology Outlook (Revenue, USD Million, 2014 - 2025)
- Barcodes
- RFID
Track
and Trace Solutions Application Outlook (Revenue, USD Million, 2014 - 2025)
- Serialization
Solutions
- Bottle
Serialization
- Label
Serialization
- Carton
Serialization
- Data Matrix
Serialization
- Aggregation
Solutions
- Bundle
Aggregation
- Case
Aggregation
- Pallet
Aggregation
Track
and Trace Solutions End-user Outlook (Revenue, USD Million, 2014 - 2025)
- Pharmaceutical
Companies
- Medical
Device Companies
- Others
Track
and Trace Solutions Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Latin America
- Brazil
- Mexico
- Middle East
and Africa
- South Africa
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-track-trace-solutions-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
www.grandviewresearch.com
No comments:
Post a Comment