HOME Top Market Reports Track and Trace Solutions Market by Type (Plant Manager, Checkweigher, Barcode Scanner, Monitoring), Technology (2D Barcode, RFID), Application (Serialization, Aggregations, Reporting), End User (Pharmaceutical, Medical Devices) - Global Forecast to 2023

Track and Trace Solutions Market by Type (Plant Manager, Checkweigher, Barcode Scanner, Monitoring), Technology (2D Barcode, RFID), Application (Serialization, Aggregations, Reporting), End User (Pharmaceutical, Medical Devices) - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: January 2018
Report Code: HIT 4597

 

  Speak to Analyst Enquiry Before Buying Webinar
purchase report
download pdf  request for customisation


The track and trace solutions market is expected to reach USD 3.93 Billion by 2023 from USD 1.43 Billion in 2017, at a CAGR of 18.9%. Growth in the market is mainly driven by factors such as growing number of regulatory mandates in the healthcare industry to ensure the use of track and trace solutions, increasing number of counterfeit medicines, and growing pharmaceutical and medical devices market across the globe.

Years considered for this report

  • 2017 – Base Year
  • 2018 – Estimated Year
  • 2023 – Projected Year

Objectives of the Study

  • To define, describe, and forecast the track and trace solutions market on the basis of type, technology, application, end user, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze the opportunities in the track and trace solutions market for stakeholders and provide details of the competitive landscape for market leaders
  • To profile the key players in this market and comprehensively analyze their market shares and core competencies
  • To forecast the market size of the market with respect to five main regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
  • To track and analyze competitive developments such as acquisitions, product developments, agreements, partnerships, collaborations, expansions, and research & development activities in the track and trace solutions market

Research Methodology

Top-down and bottom-up approaches were used to validate the size of the track and trace solutions market and estimate the size of various other dependent submarkets. Major players were identified through secondary research, and their market revenues were determined through primary and secondary research. Secondary research included the study of European Federation of Pharmaceutical Industries and Associations (EFPIA), Processing & Packaging Machinery Trade Association (PPMA), Asian Anti-Counterfeit Association (AAA), International Trademark Association (INTA), and the annual & financial reports of top market players, whereas primary research included extensive interviews with key opinion leaders such as CEOs, directors, and marketing executives. The percentage splits, shares, and breakdowns of the product markets were determined using secondary sources and verified through primary sources. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Track and Trace Solutions Market

To know about the assumptions considered for the study, download the pdf brochure

The prominent players in the track and trace solutions market include OPTEL Group (Canada), METTLER TOLEDO (US), Systech (US), TraceLink (US), Antares Vision (Italy), Xyntek (US), Axway (US), Adents International (France), Sea Vision (Italy), Siemens (Germany), Zebra Technologies (US), ACG Worldwide (India), and Kφrber Medipak Systems (Switzerland).

Target Audience

  • Track and trace solution manufacturers, suppliers, and distributors
  • Original equipment manufacturers (OEMs)
  • Hardware system manufacturers
  • Pharmaceutical and biotechnology companies
  • Medical device companies

Scope of the Report

This research report categorizes the track and trace solutions market into the following segments:

Track and Trace Solutions Market, By Type

  • Hardware Systems
    • Printing and Marking
    • Monitoring and Verification
    • Labeling
    • Checkweighers
    • RFID Readers
    • Barcode Scanners
  • Software Solutions
    • Plant Manager
    • Line Controller
    • Bundle Tracking
    • Warehouse and Shipment Manager
    • Case Tracking
    • Pallet Tracking
    • Enterprise and Network Manager

Track and Trace Solutions Market, By Technology

  • 2D Barcodes
  • RFID
  • Linear Barcodes

Track and Trace Solutions Market, By Application

  • Serialization Solutions
    • Bottle
    • Blister
    • Vials and Ampoules
    • Carton
    • Medical Device Serialization
  • Aggregation Solutions
    • Case
    • Pallet
    • Bundle

Track and Trace Solutions Market, By End User

  • Pharmaceutical and Biopharmaceutical Companies
  • Medical Devices Companies
  • Cosmetic Industry
  • Other End Users

Track and Trace Solutions Market by RegionBy Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • APAC
    • China
    • Japan
    • India
    • Rest of Asia Pacific (RoAPAC)
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America (RoLA)
  • Middle East and Africa

Available customizations:

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolios of each company

Market Size Analysis

  • Further breakdown of the RoAPAC track and trace solutions market in South Korea, Australia, New Zealand, and other countries

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 20)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 24)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Market Share Estimation
    2.5 Assumptions for the Study

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 39)
    4.1 Track and Trace Solutions Market Overview
    4.2 Asia Pacific: Track and Trace Solutions Market, By End User and Country
    4.3 Geographical Snapshot of the Track and Trace Solutions Market
    4.4 Track and Trace Solutions Market: Regional Mix
    4.5 Track and Trace Solutions Market, Developing vs. Developed Countries

5 Market Overview (Page No. - 43)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Stringent Regulations & Standards for the Implementation of Serialization
                    5.2.1.2 Increasing Focus of Manufacturers on Brand Protection
                    5.2.1.3 Growth in the Number of Packaging-Related Product Recalls
                    5.2.1.4 Growth in the Medical Devices and Pharmaceutical Industries
           5.2.2 Restraint
                    5.2.2.1 High Costs Associated With Serialization and Aggregation
           5.2.3 Opportunities
                    5.2.3.1 Growing Number of Manufacturing Facilities in Developing Regions
                    5.2.3.2 Technological Advancements
           5.2.4 Challenge
                    5.2.4.1 Lack of Common Standards for Serialization and Aggregation

6 Industry Insights (Page No. - 50)
    6.1 Introduction
    6.2 Industry Trends
           6.2.1 Adoption of E-Pedigree Technology
           6.2.2 Increasing Consolidation Among Market Players
           6.2.3 Growing Demand for L4 and L5 Track and Trace Solutions in the Pharmaceutical Industry for Compliance Management
    6.3 Global Pharamaceutical Track and Trace Solutions Market: Penetration and Opportunity
    6.4 Regulatory Analysis
           6.4.1 North America
           6.4.2 Europe
           6.4.3 Asia Pacific
           6.4.4 Latin America and Middle East & Africa

7 Track and Trace Solutions Market, By Type (Page No. - 60)
    7.1 Introduction
    7.2 Software
           7.2.1 Plant Manager
           7.2.2 Line Controller
           7.2.3 Enterprise and Network Manager
           7.2.4 Bundle Tracking
           7.2.5 Case Tracking
           7.2.6 Warehouse and Shipment Manager
           7.2.7 Pallet Tracking
    7.3 Hardware
           7.3.1 Printing and Marking
           7.3.2 Barcode Scanners
           7.3.3 Monitoring and Verification
           7.3.4 Labeling
           7.3.5 Checkweighers
           7.3.6 RFID Readers

8 Track and Trace Solutions Market, By Technology (Page No. - 82)
    8.1 Introduction
    8.2 2D Barcodes
    8.3 Radiofrequency Identification (RFID)
    8.4 Linear/1d Barcodes

9 Track and Trace Solutions Market, By Application (Page No. - 89)
    9.1 Introduction
    9.2 Serialization Solutions
           9.2.1 Carton Serialization
           9.2.2 Bottle Serialization
           9.2.3 Blister Serialization
           9.2.4 Vial and Ampoule Serialization
           9.2.5 Medical Device Serialization
    9.3 Aggregation Solutions
           9.3.1 Case Aggregation
           9.3.2 Pallet Aggregation
           9.3.3 Bundle Aggregation
    9.4 Tracking, Tracing, & Reporting Solutions

10 Track and Trace Solutions Market, By End User (Page No. - 105)
     10.1 Introduction
     10.2 Pharmaceutical & Biopharmaceutical Companies
     10.3 Medical Device Companies
     10.4 Cosmetic Industry
     10.5 Other End Users

11 Track and Trace Solutions Market, By Region (Page No. - 113)
     11.1 Introduction
     11.2 North America
             11.2.1 US
             11.2.2 Canada
     11.3 Europe
             11.3.1 Germany
             11.3.2 Italy
             11.3.3 France
             11.3.4 UK
             11.3.5 Spain
             11.3.6 Rest of Europe
     11.4 Asia Pacific
             11.4.1 China
             11.4.2 Japan
             11.4.3 India
             11.4.4 Rest of Asia Pacific
     11.5 Latin America
             11.5.1 Brazil
             11.5.2 Mexico
             11.5.3 Rest of Latin America
     11.6 Middle East & Africa

12 Competitive Landscape (Page No. - 203)
     12.1 Overview
     12.2 Market Share Analysis
             12.2.1 Track and Trace Hardware Systems Market
             12.2.2 Track and Trace Software Solutions Market
     12.3 Competitive Situation and Trends
             12.3.1 Product Launches
             12.3.2 Agreements, Partnerships, and Collaborations
             12.3.3 Acquisitions
             12.3.4 Expansions

13 Company Profiles (Page No. - 208)
     13.1 Antares Vision
     13.2 Axway
     13.3 METTLER TOLEDO
     13.4 Optel Group
     13.5 Tracelink
     13.6 ACG Worldwide
     13.7 Adents
     13.8 Sea Vision
     13.9 Kφrber Medipak Systems
     13.10 Siemens
     13.11 Systech
     13.12 Xyntek
     13.13 Zebra Technologies

14 Appendix (Page No. - 243)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing Rt: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details


List of Tables (246 Tables)

Table 1 Exchange Rates Utilized for the Conversion to USD
Table 2 Traceability Regulations By Country/Region
Table 3 Drivers: Impact Analysis
Table 4 Restraint: Impact Analysis
Table 5 Opportunities: Impact Analysis
Table 6 Challenge: Impact Analysis
Table 7 Global Pharmaceutical Track and Trace Solutions Market, By Level, 2018-2023 (USD Million)
Table 8 Number of Serialization and Aggregation Solution Installations, By Company
Table 9 North America: Serialization and E-Pedigree Regulations for Pharmaceutical Industry
Table 10 US: Udi Regulations for Medical Devices
Table 11 Europe: Serialization Regulations for Pharmaceutical Industry
Table 12 Europe: Regulations for Udi System Compliance
Table 13 Asia Pacific: Serialization Regulations for Pharmaceutical Industry
Table 14 Latin America and Middle East & Africa: Serialization Regulations for Pharmaceutical Industry
Table 15 Track and Trace Solutions Market, By Type, 2016–2023 (USD Million)
Table 16 Software Market, By Type, 2016–2023 (USD Million)
Table 17 Software Market, By Country, 2016–2023 (USD Million)
Table 18 Plant Manager Offered By Key Market Players
Table 19 Plant Manager Market, By Country, 2016–2023 (USD Million)
Table 20 Line Controller Offered By Key Market Players
Table 21 Line Controller Market, By Country, 2016–2023 (USD Million)
Table 22 Enterprise and Network Manager Offered By Key Market Players
Table 23 Enterprise and Network Manager Market, By Country, 2016–2023 (USD Million)
Table 24 Bundle Tracking Software Offered By Key Market Players
Table 25 Bundle Tracking Market, By Country, 2016–2023 (USD Million)
Table 26 Case Tracking Software Offered By Key Market Players
Table 27 Case Tracking Market, By Country, 2016–2023 (USD Million)
Table 28 Warehouse and Shipment Manager Software Offered By Key Market Players
Table 29 Warehouse and Shipment Manager Market, By Country, 2016–2023 (USD Million)
Table 30 Pallet Tracking Software Offered By Key Market Players
Table 31 Pallet Tracking Market, By Country, 2016–2023 (USD Million)
Table 32 Hardware Market, By Type, 2016–2023 (USD Million)
Table 33 Hardware Market, By Country, 2016–2023 (USD Million)
Table 34 Printing and Marking Solutions Offered By Key Market Players
Table 35 Printing and Marking Market, By Country, 2016–2023 (USD Million)
Table 36 Barcode Scanners Offered By Key Market Players
Table 37 Barcode Scanners Market, By Country, 2016–2023 (USD Million)
Table 38 Monitoring and Verification Solutions Offered By Key Market Players
Table 39 Monitoring and Verification Market, By Country, 2016–2023 (USD Million)
Table 40 Labeling Solutions Offered By Key Market Players
Table 41 Labeling Solutions Market, By Country, 2016–2023 (USD Million)
Table 42 Checkweighers Offered By Key Market Players
Table 43 Checkweighers Market, By Country, 2016–2023 (USD Million)
Table 44 RFID Readers Market, By Country, 2016–2023 (USD Thousand)
Table 45 Track and Trace Solutions Market, By Technology, 2016–2023 (USD Million)
Table 46 2D Barcodes Market, By Country, 2016–2023 (USD Million)
Table 47 RFID Market, By Country, 2016–2023 (USD Million)
Table 48 Linear Barcodes Market, By Country, 2016–2023 (USD Million)
Table 49 Track and Trace Solutions Market, By Application, 2016–2023 (USD Million)
Table 50 Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 51 Serialization Solutions Market, By Country, 2016–2023 (USD Million)
Table 52 Carton Serialization Market, By Country, 2016–2023 (USD Million)
Table 53 Bottle Serialization Market, By Country, 2016–2023 (USD Million)
Table 54 Blister Serialization Market, By Country, 2016–2023 (USD Million)
Table 55 Vial and Ampoule Serialization Market, By Country, 2016–2023 (USD Million)
Table 56 Medical Device Serialization Market, By Country, 2016–2023 (USD Million)
Table 57 Regulatory Standards for Aggregation at Various Packaging Levels
Table 58 Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 59 Aggregation Solutions Market, By Country, 2016–2023 (USD Million)
Table 60 Case Aggregation Market, By Country, 2016–2023 (USD Million)
Table 61 Pallet Aggregation Market, By Country, 2016–2023 (USD Million)
Table 62 Bundle Aggregation Market, By Country, 2016–2023 (USD Million)
Table 63 Tracking, Tracing, & Reporting Solutions Market, By Country, 2016–2023 (USD Million)
Table 64 Market, By End User, 2016–2023 (USD Million)
Table 65 Market for Pharmaceutical & Biopharmaceutical Companies, By Country, 2016–2023 (USD Million)
Table 66 Market for Medical Device Companies, By Country, 2016–2023 (USD Million)
Table 67 Market for Cosmetic Industry, By Country, 2016–2023 (USD Million)
Table 68 Market for Other End Users, By Country, 2016–2023 (USD Million)
Table 69 Market, By Region, 2016–2023 (USD Million)
Table 70 North America: Market, By Country, 2016–2023 (USD Million)
Table 71 North America: Market, By Type, 2016–2023 (USD Million)
Table 72 North America: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 73 North America: Hardware Systems Market, By Type, 2016–2023 (USD Million)
Table 74 North America: Market, By Technology, 2016–2023 (USD Million)
Table 75 North America: Market, By Application, 2016–2023 (USD Million)
Table 76 North America: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 77 North America: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 78 North America: Market, By End User, 2016–2023 (USD Million)
Table 79 US: Key Macroindicators
Table 80 US: Market, By Type, 2016–2023 (USD Million)
Table 81 US: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 82 US: Hardware Systems Market, By Type, 2016–2023 (USD Million)
Table 83 US: Track and Trace Solutions Market, By Technology, 2016–2023 (USD Million)
Table 84 US: Track and Trace Solutions Market, By Application, 2016–2023 (USD Million)
Table 85 Us: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 86 US: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 87 US: Market, By End User, 2016–2023 (USD Million)
Table 88 Canada: Key Macroindicators
Table 89 Canada: Track and Trace Solutions Market, By Type, 2016–2023 (USD Million)
Table 90 Canada: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 91 Canada: Hardware Systems Market, By Type, 2016–2023 (USD Million)
Table 92 Canada: Track and Trace Solutions Market, By Technology, 2016–2023 (USD Million)
Table 93 Canada: Market, By Application, 2016–2023 (USD Million)
Table 94 Canada: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 95 Canada: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 96 Canada: Track and Trace Solutions Market, By End User, 2016–2023 (USD Million)
Table 97 Europe: Market, By Country, 2016–2023 (USD Million)
Table 98 Europe: Track and Trace Solutions Market, By Type, 2016–2023 (USD Million)
Table 99 Europe: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 100 Europe: Hardware Systems Market, By Type, 2016–2023 (USD Million)
Table 101 Europe: Market, By Technology, 2016–2023 (USD Million)
Table 102 Europe: Track and Trace Solutions Market, By Application, 2016–2023 (USD Million)
Table 103 Europe: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 104 Europe: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 105 Europe: Market, By End User, 2016–2023 (USD Million)
Table 106 Germany: Key Macroindicators
Table 107 Germany: Track and Trace Solutions Market, By Type, 2016–2023 (USD Million)
Table 108 Germany: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 109 Germany: Hardware Systems Market, By Type, 2016–2023 (USD Million)
Table 110 Germany: Market, By Technology, 2016–2023 (USD Million)
Table 111 Germany: Market, By Application, 2016–2023 (USD Million)
Table 112 Germany: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 113 Germany: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 114 Germany: Track and Trace Solutions Market, By End User, 2016–2023 (USD Million)
Table 115 Italy: Key Macroindicators
Table 116 Italy: Market, By Type, 2016–2023 (USD Million)
Table 117 Italy: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 118 Italy: Hardware Systems Market, By Type, 2016–2023 (USD Million)
Table 119 Italy: Track and Trace Solutions Market, By Technology, 2016–2023 (USD Million)
Table 120 Italy: Market, By Application, 2016–2023 (USD Million)
Table 121 Italy: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 122 Italy: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 123 Italy: Market, By End User, 2016–2023 (USD Million)
Table 124 France: Key Macroindicators
Table 125 France: Track and Trace Solutions Market, By Type, 2016–2023 (USD Million)
Table 126 France: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 127 France: Hardware Systems Market, By Type, 2016–2023 (USD Million)
Table 128 France: Market, By Technology, 2016–2023 (USD Million)
Table 129 France: Market, By Application, 2016–2023 (USD Million)
Table 130 France: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 131 France: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 132 France: Market, By End User, 2016–2023 (USD Million)
Table 133 UK: Key Macroindicators
Table 134 UK: Track and Trace Solutions Market, By Type, 2016–2023 (USD Million)
Table 135 UK: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 136 UK: Hardware Systems Market, By Type, 2016–2023 (USD Million)
Table 137 UK: Market, By Technology, 2016–2023 (USD Million)
Table 138 UK: Market, By Application, 2016–2023 (USD Million)
Table 139 UK: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 140 UK: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 141 UK: Market, By End User, 2016–2023 (USD Million)
Table 142 Spain: Key Macroindicators
Table 143 Spain: Market, By Type, 2016–2023 (USD Million)
Table 144 Spain: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 145 Spain: Hardware Systems Market, By Type, 2016–2023 (USD Million)
Table 146 Spain: Market, By Technology, 2016–2023 (USD Million)
Table 147 Spain: Market, By Application, 2016–2023 (USD Million)
Table 148 Spain: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 149 Spain: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 150 Spain: Market, By End User, 2016–2023 (USD Million)
Table 151 ROE: Market, By Type, 2016–2023 (USD Million)
Table 152 ROE: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 153 ROE: Hardware Systems Market, By Type, 2016–2023 (USD Million)
Table 154 ROE: Market, By Technology, 2016–2023 (USD Million)
Table 155 ROE: Market, By Application, 2016–2023 (USD Million)
Table 156 ROE: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 157 ROE: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 158 ROE: Market, By End User, 2016–2023 (USD Million)
Table 159 APAC: Track and Trace Solutions Market, By Country, 2016–2023 (USD Million)
Table 160 APAC: Market, By Type, 2016–2023 (USD Million)
Table 161 APAC: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 162 APAC: Hardware Systems Market, By Type, 2016–2023 (USD Million)
Table 163 APAC: Market, By Technology, 2016–2023 (USD Million)
Table 164 APAC: Market, By Application, 2016–2023 (USD Million)
Table 165 APAC: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 166 APAC: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 167 APAC: Market, By End User, 2016–2023 (USD Million)
Table 168 China: Key Macroindicators
Table 169 China: Market, By Type, 2016–2023 (USD Million)
Table 170 China: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 171 China: Hardware Systems Market, By Type, 2016–2023 (USD Million)
Table 172 China: Track and Trace Solutions Market, By Technology, 2016–2023 (USD Million)
Table 173 China: Market, By Application, 2016–2023 (USD Million)
Table 174 China: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 175 China: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 176 China: Market, By End User, 2016–2023 (USD Million)
Table 177 Japan: Key Macroindicators
Table 178 Japan: Market, By Type, 2016–2023 (USD Million)
Table 179 Japan: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 180 Japan: Hardware Systems Market, By Type, 2016–2023 (USD Million)
Table 181 Japan: Market, By Technology, 2016–2023 (USD Million)
Table 182 Japan: Market, By Application, 2016–2023 (USD Million)
Table 183 Japan: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 184 Japan: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 185 Japan: Market, By End User, 2016–2023 (USD Million)
Table 186 India: Key Macroindicators
Table 187 India: Market, By Type, 2016–2023 (USD Million)
Table 188 India: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 189 India: Hardware Systems Market, By Type, 2016–2023 (USD Million)
Table 190 India: Market, By Technology, 2016–2023 (USD Million)
Table 191 India: Market, By Application, 2016–2023 (USD Million)
Table 192 India: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 193 India: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 194 India: Track and Trace Solutions Market, By End User, 2016–2023 (USD Million)
Table 195 RoAPAC: Market, By Type, 2016–2023 (USD Million)
Table 196 RoAPAC: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 197 RoAPAC: Hardware Systems Market, By Type, 2016–2023 (USD Million)
Table 198 RoAPAC: Track and Trace Solutions Market, By Technology, 2016–2023 (USD Million)
Table 199 RoAPAC: Market, By Application, 2016–2023 (USD Million)
Table 200 RoAPAC: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 201 RoAPAC: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 202 RoAPAC: Track and Trace Solutions Market, By End User, 2016–2023 (USD Million)
Table 203 Latin America: Market, By Country, 2016–2023 (USD Million)
Table 204 Latin America: Market, By Type, 2016–2023 (USD Million)
Table 205 Latin America: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 206 Latin America: Hardware Systems Market, By Type, 2016–2023 (USD Million)
Table 207 Latin America: Market, By Technology, 2016–2023 (USD Million)
Table 208 Latin America: Market, By Application, 2016–2023 (USD Million)
Table 209 Latin America: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 210 Latin America: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 211 Latin America: Market, By End User, 2016–2023 (USD Million)
Table 212 Brazil: Key Macroindicators
Table 213 Brazil: Market, By Type, 2016–2023 (USD Million)
Table 214 Brazil: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 215 Brazil: Hardware Systems Market, By Type, 2016–2023 (USD Thousand)
Table 216 Brazil: Track and Trace Solutions Market, By Technology, 2016–2023 (USD Million)
Table 217 Brazil: Market, By Application, 2016–2023 (USD Million)
Table 218 Brazil: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 219 Brazil: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 220 Brazil: Market, By End User, 2016–2023 (USD Million)
Table 221 Mexico: Key Macroindicators
Table 222 Mexico: Market, By Type, 2016–2023 (USD Million)
Table 223 Mexico: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 224 Mexico: Hardware Systems Market, By Type, 2016–2023 (USD Thousand)
Table 225 Mexico: Track and Trace Solutions Market, By Technology, 2016–2023 (USD Million)
Table 226 Mexico: Market, By Application, 2016–2023 (USD Million)
Table 227 Mexico: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 228 Mexico: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 229 Mexico: Market, By End User, 2016–2023 (USD Million)
Table 230 RoLA: Track and Trace Solutions Market, By Type, 2016–2023 (USD Million)
Table 231 RoLA: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 232 RoLA: Hardware Systems Market, By Type, 2016–2023 (USD Thousand)
Table 233 RoLA: Market, By Technology, 2016–2023 (USD Million)
Table 234 RoLA: Track and Trace Solutions Market, By Application, 2016–2023 (USD Million)
Table 235 RoLA: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 236 RoLA: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 237 RoLA: Market, By End User, 2016–2023 (USD Million)
Table 238 Middle East and Africa: Track and Trace Solutions Market, By Type, 2016–2023 (USD Million)
Table 239 Middle East and Africa: Software Solutions Market, By Type, 2016–2023 (USD Million)
Table 240 Middle East and Africa: Hardware Systems Market, By Type, 2016–2023 (USD Million)
Table 241 Middle East and Africa: Market, By Technology, 2016–2023 (USD Million)
Table 242 Middle East and Africa: Track and Trace Solutions Market, By Application, 2016–2023 (USD Million)
Table 243 Middle East and Africa: Serialization Solutions Market, By Type, 2016–2023 (USD Million)
Table 244 Middle East and Africa: Aggregation Solutions Market, By Type, 2016–2023 (USD Million)
Table 245 Middle East and Africa: Market, By End User, 2016–2023 (USD Million)
Table 246 Software Solutions: Market Ranking Analysis

List of Figures (37 Figures)

Figure 1 Global Track and Trace Solutions Market
Figure 2 Research Design
Figure 3 Data Triangulation Methodology
Figure 4 Market, By Type, 2018 vs. 2023 (USD Million)
Figure 5 Track and Trace Software Solutions Market, By Type, 2018 vs. 2023 (USD Million)
Figure 6 Track and Trace Hardware Systems Market, By Type, 2018 vs. 2023 (USD Million)
Figure 7 Market, By Application, 2018 vs. 2023 (USD Million)
Figure 8 Market for Serialization, By Type, 2018 vs. 2023 (USD Million)
Figure 9 Market for Aggregation, By Type, 2018 vs. 2023 (USD Million)
Figure 10 Market, By Technology, 2018 vs. 2023 (USD Million)
Figure 11 Market, By End User, 2018 vs. 2023 (USD Million)
Figure 12 Market: Geographical Snapshot
Figure 13 Stringent Regulations and Standards for the Implementation of Serialization is the Major Factor Driving Market Growth
Figure 14 Pharmaceutical and Biopharmaceutical Companies Accounted for the Largest Market Share in 2017
Figure 15 Emerging Countries to Register Highest Cagr During the Forecast Period
Figure 16 Asia Pacific to Register the Highest Cagr During the Forecast Period
Figure 17 Developing Countries to Register A Higher Growth Rate During the Forecast Period
Figure 18 Global Track & Trace Solutions Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Number of Product Recalls Due to Labeling & Packaging, 2010–2014
Figure 20 Track and Trace Solutions Offered By Vendors, By Level
Figure 21 Penetration and Opportunity in Pharmaceutical Track and Trace Solutions Market, 2017 vs. 2023
Figure 22 Track and Trace Solutions Market: Regulatory Timelines, By Country
Figure 23 Software Segment to Witness the Highest Growth During the Forecast Period
Figure 24 RFID Technology Segment to Register the Highest Growth Rate During the Forecast Period
Figure 25 Tracking, Tracing, & Reporting Solutions to Grow at the Highest Cagr During the Forecast Period
Figure 26 Pharmaceutical and Biopharmaceutical Companies Segment to Witness Highest Growth During the Forecast Period
Figure 27 Geographic Growth Opportunities: India & China to Register Higher Growth Rates During the Forecast Period
Figure 28 Track and Trace Solutions Market, By Region, 2018 vs. 2023
Figure 29 North America: Market Snapshot
Figure 30 Europe: Market Snapshot
Figure 31 Asia Pacific: Market Snapshot
Figure 32 Market Players Primarily Pursued the Strategy of Product Launches Between January 2015 and December 2017
Figure 33 Track and Trace Hardware Systems Market Share Analysis, By Key Player, 2017
Figure 34 Axway: Company Snapshot
Figure 35 METTLER TOLEDO: Company Snapshot
Figure 36 Siemens: Company Snapshot
Figure 37 Zebra Technologies: Company Snapshot

The track and trace solutions market is estimated to reach USD 3.93 Billion by 2023 from USD 1.65 Billion in 2018, at a CAGR of 18.9%. Stringent regulations and standards for the implementation of serialization, increasing focus of manufacturers on brand protection, growth in the medical devices and pharmaceutical industries, and rising number of packaging related product recalls are the major factors driving the growth of the market. However, the high cost associated with serialization and aggregation may hinder the growth of this market. Furthermore, the lack of common standards for serialization and aggregation is a major challenge for the growth of the market.

In this report, the market is segmented by type, technology, application, end user, and region. By application, the track and trace solutions market is majorly segmented into serialization, aggregation, and tracking, tracing, & reporting. The serialization solutions segment accounted for the largest share of the market in 2017. Stringent regulation for the implementation of serialization solutions in packaging and supply chain applications is a key driver for market growth in this segment.

Based on technology, the market is segmented into linear/1D barcodes, 2D barcodes, and radiofrequency identification (RFID). The RFID segment will be the fastest-growing segment during the forecast period. The high growth of this segment can primarily be attributed to the growing demand for these systems in automated pharmaceutical distribution, point-of-care solutions, and electronic medical records. However, security and privacy concerns, a large amount of initial installation cost, and lack of skilled professionals may restrain the growth of this market to a certain extent.

On the basis of end user, the market is segmented into pharmaceutical & biopharmaceutical companies, medical device companies, cosmetic industry, and other end users (blood banks and clinical & research laboratories). In 2017, the pharmaceutical & biopharmaceutical companies segment accounted for the largest share of the track and trace solutions market. Factors such as increasing pharmaceutical spending, growing pharmaceutical & biopharmaceutical industries, and rising number of counterfeit drugs across the globe are the key market drivers for this segment.

Track and Trace Solutions Market

Geographically, North America represented the largest regional market in 2017, followed by Europe. Although, North America will continue to dominate the track and trace solutions market during the forecast period, the Asia Pacific (APAC) region is expected to be the fastest-growing market in the coming years. Growth in this region is driven by the growing geriatric population with increasing lifestyle diseases which in turn increase the demand for pharmaceuticals and medical devices, rising pharmaceutical and medical device expenditure in this region, and increasing need of secure packaging & supply chain efficiency. Moreover, the stringent regulation for the implementation of serialization is also supporting the growth of this market in Asia Pacific.

Major players in this market are continuously focusing on securing high market shares through product launches, expansions, agreements, partnerships, collaborations, and acquisitions. The prominent players in the track and trace solutions market are OPTEL Group (Canada), METTLER TOLEDO (US), Systech (US), TraceLink (US), Antares Vision (Italy), Xyntek (US), Axway (US), Adents International (France), Sea Vision (Italy), Siemens (Germany), Zebra Technologies (US), ACG Worldwide (India), and Kφrber Medipak Systems (Switzerland)

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit https://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports



Access reports on all high
growth Healthcare IT Markets on KnowledgeStore
Request Demo