Overview

Track and Trace Solutions Market is poised to value USD 10189 million by 2028 end at a CAGR of 19% during the forecast period 2022 to 2028.

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A track and trace (T&T) solution helps healthcare companies or organizations manage their supply chains effectively and mitigate counterfeit drug risks. The process involves determining where a drug has been in the past and in the present. Around the world, regulatory compliance has become an increasingly important requirement to maintain product authenticity. Due to the global proliferation of counterfeit goods, track and trace systems have become increasingly popular across a wide variety of industries. It is estimated that most industrialized countries have already implemented these solutions to limit the risk of product recalls, illness outbreaks, brand tarnishing, and unlawful parallel supply chains that fuel illegal logistics. A growing number of government and regulatory actions are paving the way for greater adoption of track and trace technologies. Around the world, serialization has long been the most commonly used method for tracking and tracing products. An increase in the use of these solutions in the pharmaceutical industry for product identification verification, packaging, and logistics management will drive the global market for these solutions. In the forecast period, government regulations around the world requiring pharmaceutical companies to serialize their products and technological advancements in track and trace systems will fuel the growth of the track and trace solutions market.

FutureWise Market Research has instantiated a report that provides an intricate analysis of Track and Trace Solutions Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share, and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of the market.

According to the research study conducted by FutureWise research analysts, the market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the Track and Trace Solutions Market Market along with the growth opportunities present across this business vertical.

Track and Trace Solutions Market Segmentation:

By Product
• Software
o Plant Manager
o Line Controller
o Enterprise & Network Manager
o Bundle Tracking
o Case Tracking
o Warehouse & Shipment Manager
• Hardware
o Printing & Marking
o Barcode Scanners
o Monitoring & Verification
o Labelers
o Checkweighers
o RFID Readers
• Standalone Platform

By Application
• Serialization
o Carton Serialization
o Bottle Serialization
o Medical Device Serialization
o Blister Serialization
o Vial & Ampoule Serialization
• Aggregation
o Case Aggregation
o Pallet Aggregation
o Bundle Aggregation
• Tracking, Tracing, & Reporting

By Technology
• 2D Barcodes
• Radiofrequency Identification (RFID)
• Linear Barcodes

By End User
• Pharmaceutical & Biopharmaceutical Companies
• Food Industry
• Medical Device Companies
• Cosmetic Industry
• Other End Users

By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

Key Market Players:

Axway
Mettler-Toledo International Inc.
Optel Vision
Seidenader Maschinenbau GmbH
ACG Worldwide
Systech Inc.
Siemens AG
TraceLink Inc.
Adents International
Antares Vision srl
Xyntek Inc.
SEA Vision Srl
Syntegon
Körber Medipak Systems AG
Uhlmann Group

FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the track and trace solutions market by region, by product, by application, by technology, by end user and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East & Africa
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

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