Track and Trace Solutions Market

Track and Trace Solutions Market by Product (Plant Manager, Checkweigher, Barcode Scanner, Monitoring), Technology (2D Barcode, RFID), Application (Serialization, Aggregation, Reporting), End User (Pharma, Food, Medical Devices) - Global Forecast to 2026

Report Code: HIT 4597 May, 2021, by marketsandmarkets.com

[318 Pages Report] The implementation of track and trace solutions and technologies is an important strategy adopted by many manufacturing companies and regulatory bodies in recent years. The global track and trace solutions market is projected to reach USD 7.3 billion by 2026 from USD 4.1 billion in 2021, at a CAGR of 12.1% during the forecast period.

Growth in the market is largely driven by stringent regulations & standards for the implementation of serialization, increasing focus of manufacturers on brand protection, growth in the number of packaging-related product recalls, high growth in the generic and OTC markets, and growth in the medical device industry.

On the other hand, the high costs and long implementation timeframe associated with serialization and aggregation and the huge setup costs are expected to limit market growth to a certain extent.

In this report, track and trace solutions market, by the type of product, application, technology, end user and region

Track and Trace Solutions Market

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COVID-19 Impact on the Track and Trace Solutions Market

COVID-19 is an infectious disease caused by the most recently discovered novel coronavirus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks. The World Health Organization (WHO) declared COVID-19 as a pandemic on March 11, 2020. Since the beginning of 2020, most countries worldwide shut down their borders and limited transportation in a bid to contain the coronavirus (COVID-19) outbreak, thus, creating impediments for international trade and transportation. This disrupted the supply chains for the track and trace market, temporarily leading to a fall in demand due to uncertainty in the global economy and capital markets.

We estimate that the major share of the medical device industry, which includes imaging devices, dental care devices, and surgical products, contributes 60–75% of the overall medical devices market. This will have a stagnant or deep fall in the growth rate in 2020 and in a couple of quarters from 2021. A new USD-5–7 billion market opportunity (by 2021) is opening up in the medical devices industry, including critical care medical devices. On the other hand, the impact of the pandemic on the pharmaceutical industry has been positive, with a steady increase in the manufacturing of nasal drug delivery technologies and the increasing focus on developing a vaccine. Due to the coronavirus pandemic, the number of R&D procedures performed in pharmaceutical companies has increased significantly. Scientists and researchers worldwide are engaged in the development of vaccines and drugs for the treatment of coronavirus. This scenario is expected to have a direct impact on the track and trace solutions market. It is estimated that pharma tracking systems, which are still in their infancy in many countries, will be more important and functional after the current pandemic.

The virus has highlighted the importance of product tracking and tracing, resulting in a supply chain that helps minimize costs for pharmaceutical companies and reduces the cases of counterfeiting, black-marketeering, and stockpiling of all types of masks, gloves, thermometers, and disinfectants. In February 2021, 3,000 fake vials of the COVID-19 vaccine were seized in China. This illustrates that even in countries where pharmaceutical track and trace is established, enforcement must be strong to make serialization work. It has, therefore, never been more important for product serialization services to work together and encourage an open and secure supply chain for pharmaceutical companies. It is also vital for governments to fully enforce the regulations. This will help to overcome the life-threatening danger of fake drugs. This applies not just to COVID-19 vaccines, but all medicines and medical equipment

On the other hand, while there is still an overwhelming dependency on geographies such as China for the supply of much of the globe’s medications, the COVID-19 pandemic has caused this pattern to shift to a much more open supply chain, from local production and sourcing through the repatriation of supply chains into Europe and the US. This repatriation is of much importance for the future of the pharmaceutical sector, leading to Europe being one of the global centers of essential pharmaceutical production.

The shift in demand towards medical devices has forced the key players operating in the market to strategize their manufacturing capabilities, focus on new product development, and provide optimum supply chain strategies concentrated towards COVID-19 essentials. This, along with the increase in pharmaceutical development, manufacturing, and packaging, is expected to drive the adoption of track and trace solutions during this period. Furthermore, players operating in the medical devices market are altering their long-term and short-term growth strategies by tapping the critical care devices market and developing innovative products to combat the pandemic. On the other hand, although the impact of COVID-19 on the track and trace solutions market is lower than other medical devices, the timely development and the implementation of contingency plans are extremely critical for business operations. Depending on the impact on economic conditions, there will most likely be threats to vulnerable business models and growing opportunities for development.

According to our analysis, the effects of disruptions on pharmaceutical production—and consequently raw material demand caused by lockdowns and travel and transport bans across various countries—will be short-term. However, in the worst-case scenario, supply disruptions due to extended lockdowns in various countries can have a more substantial impact on pharmaceutical and medical device manufacturing and, in turn, significantly impact the demand for track and trace products by these end users. Manufacturers may begin diversifying raw material sourcing or investing in spreading production across different markets rather than in concentrated geographic areas, such as China and India. Another longer-term effect is likely to be the reindustrialization of pharmaceuticals production in Europe and the US to reduce dependency on drug imports. This will lead to an increase in the demand for track and trace solutions in these countries.

Track and Trace Solutions Market Dynamics

Drivers: Stringent regulations & standards for the implementation of serialization

Governments in many countries are working to approve specific laws for the implementation of serialization in track and trace systems to ensure supply chain efficiency in the healthcare sector. In Europe, the implementation of track and trace solutions is mandatory throughout the supply chain of pharmaceutical products. The European Federation of Pharmaceutical Industries and Associations recommends a common coding system across Europe for the pharmaceutical industry. The 2001/83/EC directive was rewritten due to the increasing threat of counterfeit drugs and to specify drug serialization requirements. The European Union has established the Falsified Medicines Directive (FMD) Safety Features Delegated Regulation, which states that from early 2019, serialization of licensed drug products will be a legal requirement for companies in the EU. Turkey was one of the first countries in the world to adopt serializing and tracking solutions for all transport packages such as pallets, parcels, boxes, or bundles.

In the US, batch-level tracking has been mandatory since January 2015, while package-level serialization was obligatory by 2017. As per the Drug Supply Chain Security Act (DSCSA), in the US, the unit-level traceability of the entire pharmaceutical supply chain will be done by 2023. According to FDA mandates, all medical devices sold in the US should be labeled with a unique device identifier and production identifiers (such as expiration date and lot or serial number) and be stored in the Global UDI Database (GUDID). Moreover, medical devices intended to be used more than once and reprocessed before each use are required to have a permanent marking on devices to ensure UDI compliance. This will improve the detection and notification of fake products in the supply chain. In China, a CFDA regulation already exists for the pharmaceutical supply chain, in which a manufacturer requests a serial number directly from the authorities. The Indian Directorate-General of Foreign Trade has a law in place for mandatory barcoding and serialization of pharmaceutical export products in the country. Similar regulations and notifications are in place in other countries such as Mexico, Argentina, Brazil, Columbia, Africa, Saudi Arabia, Japan, Turkey, and Australia. Additionally, regulatory bodies, such as the CDC, US FDA, and USDA’s FSIS, closely collaborate at the federal level to promote food safety in the US. These bodies enhance capacities and improve surveillance and investigation of foodborne infections through PulseNet, the Integrated Food Safety Centers of Excellence, and other programs. Thus, the presence of stringent regulations and standards for the implementation of serialization and UDI compliance and regulations by the FDA across the pharmaceutical, food & beverage, and medical device industries drives the growth of the global track and trace solutions market.

Restrains: High costs and long implementation timeframe associated with serialization and aggregation

As highlighted by the European Federation of Pharmaceutical Industries and Associations (EFPIA), cost and the timeframe for implementation are the biggest concerns in the industry. Serialization of individual products and aggregation require significant capital investments from pharmaceutical companies, medical device manufacturers, contract manufacturers, and packaging manufacturers. While larger drug developers may have the resources to deal with the financial demands of serialization, small and medium-sized companies are faced with a greater challenge. Many pharmaceutical companies are concerned about the cost implications of introducing new technologies and processes. Serializing a cartoning line to the item level can cost between USD 47,000 and USD 268,000. Bottle-line serialization with aggregation can cost between USD 268,000 and USD 468,000. Moreover, a skilled workforce is required to effectively encode the unique serial number on each product and perform similar tasks. Thus, the high costs involved restrict the implementation of serialization and aggregation solutions among pharmaceutical and biopharmaceutical companies and medical device manufacturers.

Furthermore, the implementation of track and trace solutions at all levels (1–5) require a timeframe of approximately 15–18 months and also demand heavy upfront investments that encompass the costs of application software, hardware, tags, and middleware as well as the cost of integrating the barcode/RFID framework along with the legacy system, maintenance services, consultancy fees, and staff training. In addition, the implementation cost of automated tracking systems, such as RFID, that require additional servers, databases, and middleware has been increasing steadily. The overall cost of implementing automated surgical instrument tracking systems using RFID is very high compared to traditional systems such as barcode-based systems. Thus, the high cost associated with these tracking systems may hinder the growth of this market during the forecast period.

Opportunities: Remote authentication of products

Traditional brand protection technologies such as anti-theft and authentication are intended to protect individual items rather than safeguard the entire supply chain. There is a high possibility of fake products being introduced at any stage in the supply chain. To combat counterfeiting and identify massive product items, a solution with automatic and non-line-of-sight capabilities is required. The demand for technologies with modular designs, which fit enterprise needs, has increased in the last few years. For instance, track and trace technologies based on RFID maintain an electronic pedigree that records the transaction information of products within the supply chain. This approach proved to be a standout for protecting the supply chain against infiltration, theft, and fraud and supporting remote authentication in the brand protection supply chain. Technologies that are scalable from a single production line to a multi-facility/multi-line infrastructure while minimizing the initial investment are projected to gain attention in the coming future.

Challenges: Existence of technologies that deter counterfeiters

The pharmaceutical and medical device industries have been facing challenges with counterfeit products. According to the International Trademark Association (UK), globally, counterfeiting was approximately a USD 600-billion industry in 2017, with products extending from consumer goods such as food & beverages, pharmaceuticals, and electrical & electronic appliances to graduation certificates. Additionally, the negative impacts of counterfeiting and piracy are projected to drain USD 4.2 trillion from the global economy and put 5.4 million legitimate jobs at risk by 2022. Many of the technologies that are currently being used to deter counterfeiters can be duplicated. Conventional technologies such as holograms, barcodes, and packaging designs can be easily re-made.

Also, some technologies have their own limitations. For instance, RFID has limitations in terms of obscuration, orientation, and multiple tracking. Traditional anti-counterfeiting methods used for brand protection involve tamper-resistant packaging, and special hologram labels can be inadequate, as counterfeiters can inexpensively duplicate labels. Barcodes are even easier to copy, which account for a major share of the track and trace market. Companies implement preventive measures to restrict counterfeiters from duplicating these technologies and are investing heavily in R&D activities. Having an anti-counterfeiting and authentication technology that cannot be easily duplicated will save a huge amount of money for enterprises. For an industry such as the medical device industry, where hundreds of components can be used in the manufacturing process, these costs will be high. Next-generation technologies from solution manufacturers, which can deter counterfeiters and are cost-efficient to companies, need to be invented and implemented.

“The Software segment accounted for the largest market share in 2020.”

Based on products, the track and trace solutions market is segmented into software, hardware components, and standalone platforms based on product. The software segment accounted for the largest share—60.1%—of the track and trace solutions market in 2020. Market growth is largely driven by the increasing awareness about secure packaging, the rising number of counterfeit drugs and related products, and growing awareness of brand protection. In addition, regulatory compliance is further supporting the growth of this market.

The standalone platforms segment is expected to register the highest CAGR of 15.9% during the forecast period. The growth in this market is mainly attributed to the stringent government regulations for implementing serialization and UDI codes in the pharma and medical device industry, increasing pressure on pharmaceutical companies to adopt serialization, and increasing demand for standalone platforms to reduce the serialization implementation timeframe.

“The Serialization solutions segment accounted for the largest market share in 2020.”

Based on application, the track and trace solutions market is segmented into serialization solutions; aggregation solutions; and tracking, tracing, and reporting. The serialization solutions segment accounted for the largest share—62.3%—of the applications market. This segment is projected to grow at a CAGR of 12.0% during the forecast period to reach USD 2,560.9 million by 2026. Stringent regulations for the implementation of serialization solutions in packaging and supply chain applications drive this segment's growth.

The tracking, tracing and reporting segment is expected to register the highest CAGR of 16.1% during the forecast period owing to the increasing number of regulations such as DSCSA, UDI, and Medical Device Reporting (MDR) for medical devices and pharmaceutical products.

“The 2D Barcode segment accounted for the largest market share in 2020.”

Based on technology, the track and trace solutions market is segmented into linear barcodes, 2D barcodes, and radiofrequency identification (RFID). The 2D barcodes segment accounted for the largest share of 76.2% of the technology market in 2020. This segment is projected to grow at a CAGR of 12.4% to reach USD 5,641.3 million by 2026. The large share of the 2D barcodes technology segment can be attributed to the increasing use of 2D barcodes in the packaging industry. They have higher data storage capacities than linear barcodes and contain larger amounts of data with fewer variations in image size.

The RFID segment is expected to register the highest CAGR of 13.7% during the forecast period due to the growing demand for these systems in automated pharmaceutical distribution and medical devices due to low labor costs and improved visibility & planning.

The Pharmaceutical and Biopharmaceutical Company segment accounted for the largest market share in 2020.”

Based on technology, the track and trace solutions market is segmented into linear barcodes, 2D barcodes, and radiofrequency identification (RFID). The 2D barcodes segment accounted for the largest share of 76.2% of the technology market in 2020. This segment is projected to grow at a CAGR of 12.4% to reach USD 5,641.3 million by 2026. The large share of the 2D barcodes technology segment can be attributed to the increasing use of 2D barcodes in the packaging industry. They have higher data storage capacities than linear barcodes and contain larger amounts of data with fewer variations in image size.

“Asia Pacific recorded the highest CAGR for track and trace solutions market in 2020“

The track and trace solutions market studied in this report is divided into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2020, North America accounted for the largest share of 42.9% of the global track and trace solutions market, followed by Europe (33.5%). The presence of developed healthcare systems in the US & Canada; the presence of many pharmaceutical & biotechnology companies and medical device manufacturers; stringent regulations regarding serialization; and the growing medical devices market are major factors driving market growth in North America.

Asia Pacific (APAC) is the fastest-growing market and is projected to grow at the highest CAGR of 13.8% for track and trace solutions. Growing regulatory requirements in the healthcare industry to comply with manufacturing and distribution practices, the rising number of pharmaceutical and biotechnology companies, and the significant economic development in emerging Asia Pacific countries such as China and India are the major factors driving the demand for track and trace solutions in the APAC region.

Track and Trace Solutions Market by Region

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Key Market Players

Some of the prominent players in the track and trace solutions market are OPTEL GROUP (Canada), Mettler-Toledo International Inc. (US), Systech International Inc. (US), TraceLink Inc. (US), Antares Vision (Italy), SAP (US), Xyntek Inc. (US), SEA Vision Srl (Italy), Syntegon (Germany), Kφrber Medipak Systems AG (Switzerland), Siemens AG (Germany), Uhlmann Group (Germany), JEKSON VISION (India), Videojet Technologies, Inc. (US), Zebra Technologies Corporation (US), Axway Inc. (US), ACG Worldwide (India), Laetus GmbH(Germany), and WIPOTEC-OCS (Germany).

Scope of Report

Report Metric

Details

Market size available for years

2019-2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD)

Segments covered

By Type of product, Application, Technology, End User and Region

Geographies covered

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Companies covered

The major market players include OPTEL GROUP (Canada), Mettler-Toledo International Inc. (US), Systech International Inc. (US), TraceLink Inc. (US), Antares Vision (Italy), SAP (US), Xyntek Inc. (US), SEA Vision Srl (Italy), Syntegon (Germany), Kφrber Medipak Systems AG (Switzerland), Siemens AG (Germany), Uhlmann Group (Germany), JEKSON VISION (India), Videojet Technologies, Inc. (US), Zebra Technologies Corporation (US), Axway Inc. (US), ACG Worldwide (India), Laetus GmbH (Germany), and WIPOTEC-OCS (Germany).

The study categorizes the track and trace solutions market based on By Product, Application, Technology, and End User at the regional and global level.

By Product

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

By Application

  • Serialization
    • Carton Serialization
    • Bottle Serialization
    • Medical Device Serialization
    • Blister Serialization
    • Vial & Ampoule Serialization
  • Aggregation
    • Case Aggregation
    • Pallet Aggregation
    • 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

Recent Developments

  • In October 2020, TraceLink launched the Serialized Product Intelligence–a new cloud application that uses serialization data to provide actionable intelligence and operative excellence.
  • In February 2021, Anatres Vision (Italy) acquired Adents International (France). Through this acquisition the company expanded its portfolio of software solutions and cloud services for end-to-end traceability with this acquisition. The development also helped in the strengthening of the Group's international presence, especially in France.
  • In October 2020, OPTEL Group (Canada) partnered with Bureau Veritas (Canada). This partnership aimed to launch V-Trade, a complete assured traceability solution for COVID-19 vaccines, in addition to the whole supply chain.
  • In February 2019, Sea Vision S.r.l collaborated with OBL Pharm (Russia),OBL pharma implemented five complete track and trace production lines with SEA Vision equipment and software.
  • In January 2019,

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
           1.2.2 MARKETS COVERED
           1.2.3 YEARS CONSIDERED FOR THE STUDY
    1.3 CURRENCY
        TABLE 1 EXCHANGE RATES UTILIZED FOR CONVERSION TO USD
    1.4 LIMITATIONS
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA
        FIGURE 1 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                 FIGURE 2 PRIMARY SOURCES
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Insights from primary experts
                            FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY-SIDE AND DEMAND-SIDE PARTICIPANTS (TRACK AND TRACE SOLUTIONS MARKET)
                            FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS (SUPPLY SIDE): BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION: TRACK AND TRACE SOLUTIONS MARKET
        FIGURE 5 SUPPLY-SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS
        FIGURE 6 REVENUE SHARE ANALYSIS ILLUSTRATION: TOP 12 PLAYERS (HARDWARE SYSTEMS AND STANDALONE PLATFORMS)
        FIGURE 7 REVENUE SHARE ANALYSIS ILLUSTRATION –HARDWARE SYSTEMS AND STANDALONE PLATFORMS
        FIGURE 8 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS
        FIGURE 9 TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 10 DATA TRIANGULATION METHODOLOGY
    2.4 MARKET SHARE ANALYSIS
    2.5 ASSUMPTIONS FOR THE STUDY
    2.6 RISK ASSESSMENT
        TABLE 2 RISK ASSESSMENT: TRACK AND TRACE SOLUTIONS MARKET
    2.7 COVID-19 HEALTH ASSESSMENT
    2.8 COVID-19 ECONOMIC ASSESSMENT
    2.9 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO
        FIGURE 11 CRITERIA IMPACTING THE GLOBAL ECONOMY
        FIGURE 12 RECOVERY SCENARIO OF THE GLOBAL ECONOMY

3 EXECUTIVE SUMMARY (Page No. - 51)
  FIGURE 13 TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2021 VS. 2026 (USD MILLION)
  FIGURE 14 TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2021 VS. 2026 (USD MILLION)
  FIGURE 15 TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2021 VS. 2026 (USD MILLION)
  FIGURE 16 TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2021 VS. 2026 (USD MILLION)
  FIGURE 17 TRACK AND TRACE SOLUTIONS MARKET: GEOGRAPHICAL SNAPSHOT

4 PREMIUM INSIGHTS (Page No. - 55)
    4.1 TRACK AND TRACE SOLUTIONS MARKET OVERVIEW
        FIGURE 18 STRINGENT REGULATIONS & STANDARDS FOR THE IMPLEMENTATION OF SERIALIZATION IS A MAJOR FACTOR DRIVING THE MARKET GROWTH
    4.2 ASIA PACIFIC: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY AND COUNTRY (2020)
        FIGURE 19 CHINA ACCOUNTED FOR THE LARGEST SHARE OF THE ASIA PACIFIC MARKET IN 2020
    4.3 TRACK AND TRACE SOLUTIONS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
        FIGURE 20 CHINA TO REGISTER THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD
    4.4 REGIONAL MIX: TRACK AND TRACE SOLUTIONS MARKET (2021−2026)
        FIGURE 21 NORTH AMERICA WILL CONTINUE TO DOMINATE THE TRACK AND TRACE SOLUTIONS MARKET DURING THE FORECAST PERIOD
    4.5 TRACK AND TRACE SOLUTIONS MARKET: DEVELOPED VS. DEVELOPING MARKETS
        FIGURE 22 DEVELOPING MARKETS TO REGISTER HIGHER GROWTH RATES DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 59)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        TABLE 3 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: IMPACT ANALYSIS
           5.2.1 DRIVERS
                    5.2.1.1 Stringent regulations & standards for the implementation of serialization
                            TABLE 4 SERIALIZATION & AGGREGATION REGULATIONS, BY COUNTRY/REGION
                    5.2.1.2 Increasing focus of manufacturers on brand protection
                    5.2.1.3 Growth in the number of packaging-related product recalls
                            FIGURE 23 NUMBER OF MEDICAL DEVICE RECALLS, 2013–2017
                    5.2.1.4 High growth in the generic and OTC markets
                            FIGURE 24 GROWTH OF THE GENERICS MARKET, 2006 VS. 2016
                            FIGURE 25 GLOBAL OTC PHARMACEUTICALS MARKET, 2020 (USD BILLION)
                    5.2.1.5 Growth in the medical device industry
                            FIGURE 26 MEDICAL DEVICE MARKET, 2016–2020 (USD BILLION)
           5.2.2 RESTRAINTS
                    5.2.2.1 Huge setup costs
                    5.2.2.2 High costs and long implementation timeframe associated with serialization and aggregation
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increase in offshore pharmaceutical manufacturing
                            FIGURE 27 PHARMACEUTICAL IMPORTS AND EXPORTS, BY COUNTRY, 2019 (USD BILLION)
                    5.2.3.2 Remote authentication of products
                    5.2.3.3 Technological advancements
                    5.2.3.4 Growth in the food traceability market
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of common standards for serialization and aggregation
                    5.2.4.2 Existence of technologies that deter counterfeiters

6 INDUSTRY INSIGHTS (Page No. - 71)
    6.1 INTRODUCTION
    6.2 INDUSTRY TRENDS
           6.2.1 RISING DEMAND FOR INTEGRATED FULLY AUTOMATED SERIALIZATION AND AGGREGATION SYSTEMS
           6.2.2 INCREASING CONSOLIDATION AMONG MARKET PLAYERS
           6.2.3 USE OF BLOCKCHAIN IN TRACK AND TRACE SOLUTIONS
    6.3 TECHNOLOGY ANALYSIS
           6.3.1 GROWING DEMAND FOR L4 AND L5 TRACK AND TRACE SOLUTIONS IN THE PHARMACEUTICAL INDUSTRY FOR COMPLIANCE MANAGEMENT
                 FIGURE 28 TRACK AND TRACE SOLUTIONS OFFERED BY VENDORS, BY LEVEL
    6.4 GLOBAL PHARMACEUTICAL AND FOOD TRACK AND TRACE SOLUTIONS MARKET: PENETRATION AND OPPORTUNITY
        FIGURE 29 PENETRATION AND OPPORTUNITIES IN THE PHARMACEUTICAL TRACK AND TRACE SOLUTIONS MARKET, 2021 VS. 2026
        TABLE 5 NUMBER OF SERIALIZATION AND AGGREGATION SOLUTION INSTALLATIONS, BY COMPANY
    6.5 REGULATORY ANALYSIS
        FIGURE 30 TRACK AND TRACE SOLUTIONS MARKET: REGULATORY TIMELINES, BY COUNTRY
           6.5.1 NORTH AMERICA
                 TABLE 6 NORTH AMERICA: SERIALIZATION AND E-PEDIGREE REGULATIONS FOR THE PHARMACEUTICAL INDUSTRY
                 TABLE 7 US: UDI REGULATIONS FOR MEDICAL DEVICES
           6.5.2 EUROPE
                 TABLE 8 EUROPE: SERIALIZATION REGULATIONS FOR THE PHARMACEUTICAL INDUSTRY
                 TABLE 9 EUROPE: REGULATIONS FOR UDI SYSTEM COMPLIANCE
           6.5.3 ASIA PACIFIC
                 TABLE 10 ASIA PACIFIC: SERIALIZATION REGULATIONS FOR THE PHARMACEUTICAL INDUSTRY
           6.5.4 LATIN AMERICA AND THE MIDDLE EAST & AFRICA
                 TABLE 11 LATIN AMERICA AND THE MIDDLE EAST & AFRICA: SERIALIZATION REGULATIONS FOR THE PHARMACEUTICAL INDUSTRY
    6.6 STRATEGIC BENCHMARKING
        TABLE 12 TRACK AND TRACE SOLUTIONS PORTFOLIO ANALYSIS
    6.7 VALUE CHAIN ANALYSIS
        FIGURE 31 TRACK AND TRACE SOLUTIONS MARKET: VALUE CHAIN ANALYSIS
    6.8 END-USER DEMAND ANALYSIS
           6.8.1 DEMAND ANALYSIS FOR TRACK AND TRACE SOLUTIONS
           6.8.2 UNMET NEEDS
           6.8.3 CHALLENGES ASSOCIATED WITH MANUAL TRACK AND TRACE OF PRODUCTS: END-USER PERSPECTIVE
    6.9 ECOSYSTEM ANALYSIS
        TABLE 13 TRACK AND TRACE SOLUTIONS MARKET: ECOSYSTEM MAPPING
        FIGURE 32 TRACK AND TRACE SOLUTIONS MARKET: ECOSYSTEM ANALYSIS
    6.10 PORTER’S FIVE FORCES ANALYSIS
         TABLE 14 PORTER’S FIVE FORCES ANALYSIS
    6.11 COVID-19 IMPACT ON THE TRACK AND TRACE SOLUTIONS MARKET
    6.12 PATENT ANALYSIS
         TABLE 15 PHARMA, FOOD, AND MEDICAL DEVICE-RELATED PACKAGING OF TRACK AND TRACE SOLUTIONS AND THEIR PATENT YEARS
    6.13 PRICING ANALYSIS

7 TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT (Page No. - 93)
    7.1 INTRODUCTION
        TABLE 16 TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
    7.2 SOFTWARE
        TABLE 17 TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
        TABLE 18 TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           7.2.1 PLANT MANAGERS
                    7.2.1.1 Growing awareness of secure packaging and strict regulations to drive market growth
                            TABLE 19 PLANT MANAGERS OFFERED BY KEY MARKET PLAYERS
                            TABLE 20 PLANT MANAGERS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           7.2.2 ENTERPRISE & NETWORK MANAGERS
                    7.2.2.1 Mandates for the reporting of product information to regulatory authorities are expected to drive market growth
                            TABLE 21 ENTERPRISE & NETWORK MANAGERS OFFERED BY KEY MARKET PLAYERS
                            TABLE 22 ENTERPRISE & NETWORK MANAGERS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           7.2.3 LINE CONTROLLERS
                    7.2.3.1 Increasing need to improve supply chain efficiency in various industries is driving market growth
                            TABLE 23 LINE CONTROLLERS OFFERED BY KEY MARKET PLAYERS
                            TABLE 24 LINE CONTROLLERS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           7.2.4 BUNDLE TRACKING SOLUTIONS
                    7.2.4.1 Bundle tracking software offers accuracy in serialization and identification—a key factor driving market growth
                            TABLE 25 BUNDLE TRACKING SOLUTIONS OFFERED BY KEY MARKET PLAYERS
                            TABLE 26 BUNDLE TRACKING SOLUTIONS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           7.2.5 CASE TRACKING SOLUTIONS
                    7.2.5.1 Case trackers offer accurate serialization of the case to ensure its traceability throughout the supply chain—a key factor driving market growth
                            TABLE 27 CASE TRACKING SOLUTIONS OFFERED BY KEY MARKET PLAYERS
                            TABLE 28 CASE TRACKING SOLUTIONS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           7.2.6 WAREHOUSE & SHIPMENT MANAGERS
                    7.2.6.1 Warehouse & shipment managers manage order receipts from the ERP and shipment operations
                            TABLE 29 WAREHOUSE & SHIPMENT MANAGERS OFFERED BY KEY MARKET PLAYERS
                            TABLE 30 WAREHOUSE & SHIPMENT MANAGERS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           7.2.7 PALLET TRACKING SOLUTIONS
                    7.2.7.1 Pallet tracking solutions are used for the identification and verification of pallets throughout the supply chain
                            TABLE 31 PALLET TRACKING SOLUTIONS OFFERED BY KEY MARKET PLAYERS
                            TABLE 32 PALLET TRACKING SOLUTIONS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
    7.3 HARDWARE COMPONENTS
        TABLE 33 TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
        TABLE 34 TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           7.3.1 PRINTING & MARKING SOLUTIONS
                    7.3.1.1 This segment held the largest share of the market and is also estimated to grow at the highest cagr
                            TABLE 35 PRINTING & MARKING SOLUTIONS OFFERED BY KEY MARKET PLAYERS
                            TABLE 36 PRINTING & MARKING SOLUTIONS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           7.3.2 BARCODE SCANNERS
                    7.3.2.1 Rising need for anti-counterfeiting technologies and increasing awareness of patient safety are the key driving factors this segment
                            TABLE 37 BARCODE SCANNERS OFFERED BY KEY MARKET PLAYERS
                            TABLE 38 BARCODE SCANNERS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           7.3.3 MONITORING & VERIFICATION SOLUTIONS
                    7.3.3.1 Optical character recognition and optical character verification camera systems are used to verify serial numbers and code sets
                            TABLE 39 MONITORING & VERIFICATION SOLUTIONS OFFERED BY KEY MARKET PLAYERS
                            TABLE 40 MONITORING & VERIFICATION SOLUTIONS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           7.3.4 LABELERS
                    7.3.4.1 The pharmaceutical industry is focusing on implementing anti-counterfeiting measures and making labels tamper-evident
                            TABLE 41 LABELERS OFFERED BY KEY MARKET PLAYERS
                            TABLE 42 LABELERS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           7.3.5 CHECKWEIGHERS
                    7.3.5.1 Checkweighers offer a means of automatically tracking products from the point-of-code verification to a reject mechanism
                            TABLE 43 CHECKWEIGHERS OFFERED BY KEY MARKET PLAYERS
                            TABLE 44 CHECKWEIGHERS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           7.3.6 RFID READERS
                    7.3.6.1 Rfid readers offer benefits such as reduced data entry errors and easier tracking of pharmaceutical drugs and medical devices
                            TABLE 45 RFID READERS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
    7.4 STANDALONE PLATFORMS
           7.4.1 INCREASING ADOPTION OF FULLY INTEGRATED PLATFORMS WITH AUTOMATED FORMAT ADJUSTMENT IS DRIVING GROWTH IN THIS SEGMENT
                 TABLE 46 STANDALONE PLATFORMS OFFERED BY KEY MARKET PLAYERS
                 TABLE 47 STANDALONE PLATFORMS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)

8 TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION (Page No. - 118)
    8.1 INTRODUCTION
        TABLE 48 TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
    8.2 SERIALIZATION SOLUTIONS
        TABLE 49 SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
        TABLE 50 SERIALIZATION SOLUTIONS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           8.2.1 CARTON SERIALIZATION
                    8.2.1.1 Mandates for the implementation of serialization solutions to secure supply chain drive the market
                            TABLE 51 CARTON SERIALIZATION MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           8.2.2 BOTTLE SERIALIZATION
                    8.2.2.1 Implementation of serialization solutions in India and the US will boost the growth of the market
                            TABLE 52 BOTTLE SERIALIZATION MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           8.2.3 MEDICAL DEVICE SERIALIZATION
                    8.2.3.1 Increasing number of product recalls are driving the medical device serialization market
                            TABLE 53 MEDICAL DEVICE SERIALIZATION MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           8.2.4 BLISTER SERIALIZATION
                    8.2.4.1 Advantages of blister packaging are fueling the growth of this segment
                            TABLE 54 BLISTER SERIALIZATION MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           8.2.5 VIAL AND AMPOULE SERIALIZATION
                    8.2.5.1 Increasing demand for serialization at the primary packaging level is driving the growth of this segment
                            TABLE 55 VIAL AND AMPOULE SERIALIZATION MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
    8.3 AGGREGATION SOLUTIONS
        TABLE 56 REGULATORY STANDARDS FOR AGGREGATION SOLUTIONS AT VARIOUS PACKAGING LEVELS
        TABLE 57 AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
        TABLE 58 AGGREGATION SOLUTIONS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           8.3.1 CASE AGGREGATION
                    8.3.1.1 Rising need for track and trace capabilities throughout the supply chain driving this segment
                            TABLE 59 CASE AGGREGATION MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           8.3.2 PALLET AGGREGATION
                    8.3.2.1 Rising demand for pallet aggregation for brand protection is fueling the growth of the market
                            TABLE 60 PALLET AGGREGATION MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           8.3.3 BUNDLE AGGREGATION
                    8.3.3.1 Rising awareness of secure packaging and regulatory mandates have contributed to market growth
                            TABLE 61 BUNDLE AGGREGATION MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
    8.4 TRACKING, TRACING & REPORTING
           8.4.1 REGULATORY VIGILANCE HAS DRIVEN THE DEMAND FOR TRACKING, TRACING, AND REPORTING SOLUTIONS
                 TABLE 62 TRACKING, TRACING & REPORTING SOLUTIONS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)

9 TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY (Page No. - 132)
    9.1 INTRODUCTION
        TABLE 63 TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
    9.2 2D BARCODES
           9.2.1 ADVANTAGES ASSOCIATED WITH 2D BARCODES TO DRIVE THIS SEGMENT
                 TABLE 64 2D BARCODES MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
    9.3 RADIOFREQUENCY IDENTIFICATION (RFID)
           9.3.1 INCREASING ADOPTION OF RFID TECHNOLOGY IN MEDICAL DEVICES AND COSMETIC PRODUCTS DISTRIBUTION DRIVES THE MARKET
                 TABLE 65 RFID MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
    9.4 LINEAR BARCODES
           9.4.1 HIGH ADOPTION IN CHINA AND OTHER ASIA PACIFIC COUNTRIES DRIVING MARKET GROWTH
                 TABLE 66 LINEAR BARCODES MARKET, BY COUNTRY, 2019–2026 (USD MILLION)

10 TRACK AND TRACE SOLUTIONS MARKET, BY END USER (Page No. - 137)
     10.1 INTRODUCTION
          TABLE 67 TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
     10.2 PHARMACEUTICAL & BIOPHARMACEUTICAL COMPANIES
             10.2.1 REGULATORY MANDATES ARE IN PLACE FOR THE IMPLEMENTATION OF SERIALIZATION IN PHARMACEUTICAL SUPPLY CHAINS
                    TABLE 68 TRACK AND TRACE SOLUTIONS MARKET FOR PHARMACEUTICAL & BIOPHARMACEUTICAL COMPANIES, BY COUNTRY, 2019–2026 (USD MILLION)
     10.3 FOOD INDUSTRY
             10.3.1 GROWING HEALTH CONCERNS ARE SUPPORTING THE INCREASED ADOPTION OF TRACK AND TRACE SOLUTIONS IN THE FOOD INDUSTRY
                    TABLE 69 TRACK AND TRACE SOLUTIONS MARKET FOR FOOD INDUSTRY, BY COUNTRY, 2019–2026 (USD MILLION)
     10.4 MEDICAL DEVICE COMPANIES
             10.4.1 MANDATES FOR SERIALIZATION AND UDI COMPLIANCE TO DRIVE THE GROWTH OF THIS MARKET SEGMENT
                    TABLE 70 TRACK AND TRACE SOLUTIONS MARKET FOR MEDICAL DEVICE COMPANIES, BY COUNTRY, 2019–2026 (USD MILLION)
     10.5 COSMETIC INDUSTRY
             10.5.1 IMPLEMENTATION OF MEASURES AGAINST COUNTERFEITING TO DRIVE THE GROWTH OF THIS MARKET SEGMENT
                    TABLE 71 TRACK AND TRACE SOLUTIONS MARKET FOR COSMETIC INDUSTRY, BY COUNTRY, 2019–2026 (USD MILLION)
     10.6 OTHER END USERS
          TABLE 72 TRACK AND TRACE SOLUTIONS MARKET FOR OTHER END USERS, BY COUNTRY, 2019–2026 (USD MILLION)

11 TRACK AND TRACE SOLUTIONS MARKET, BY REGION (Page No. - 146)
     11.1 INTRODUCTION
          TABLE 73 TRACK AND TRACE SOLUTIONS MARKET, BY REGION, 2019–2026 (USD MILLION)
     11.2 NORTH AMERICA
          FIGURE 33 NORTH AMERICA: TRACK AND TRACE SOLUTIONS MARKET SNAPSHOT
          TABLE 74 NORTH AMERICA: TRACK AND TRACE SOLUTIONS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
          TABLE 75 NORTH AMERICA: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
          TABLE 76 NORTH AMERICA: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
          TABLE 77 NORTH AMERICA: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
          TABLE 78 NORTH AMERICA: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
          TABLE 79 NORTH AMERICA: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
          TABLE 80 NORTH AMERICA: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
          TABLE 81 NORTH AMERICA: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
          TABLE 82 NORTH AMERICA: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.2.1 US
                        11.2.1.1 The US dominates the North American track and trace solutions market
                                 TABLE 83 US: KEY MACROINDICATORS
                                 TABLE 84 US: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT,  2019–2026 (USD MILLION)
                                 TABLE 85 US: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 86 US: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 87 US: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                 TABLE 88 US: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                                 TABLE 89 US: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 90 US: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 91 US: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.2.2 CANADA
                        11.2.2.1 Growing focus of the government on the implementation of serialization in the pharmaceutical industry to drive market growth
                                 TABLE 92 CANADA: KEY MACROINDICATORS
                                 TABLE 93 CANADA: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                 TABLE 94 CANADA: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 95 CANADA: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 96 CANADA: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                 TABLE 97 CANADA: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                                 TABLE 98 CANADA: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 99 CANADA: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 100 CANADA: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
     11.3 EUROPE
          TABLE 101 EUROPE: TRACK AND TRACE SOLUTIONS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
          TABLE 102 EUROPE: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
          TABLE 103 EUROPE: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
          TABLE 104 EUROPE: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
          TABLE 105 EUROPE: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
          TABLE 106 EUROPE: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
          TABLE 107 EUROPE: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
          TABLE 108 EUROPE: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
          TABLE 109 EUROPE: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.3.1 GERMANY
                        11.3.1.1 Germany accounted for the largest share of the European track & trace solutions market in 2020
                                 TABLE 110 GERMANY: KEY MACROINDICATORS
                                 TABLE 111 GERMANY: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                 TABLE 112 GERMANY: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 113 GERMANY: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 114 GERMANY: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                 TABLE 115 GERMANY: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                                 TABLE 116 GERMANY: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 117 GERMANY: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 118 GERMANY: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.3.2 FRANCE
                        11.3.2.1 Presence of leading pharmaceutical companies in the country to support market growth in France
                                 TABLE 119 FRANCE: KEY MACROINDICATORS
                                 TABLE 120 FRANCE: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                 TABLE 121 FRANCE: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 122 FRANCE: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 123 FRANCE: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                 TABLE 124 FRANCE: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                                 TABLE 125 FRANCE: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 126 FRANCE: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 127 FRANCE: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.3.3 ITALY
                        11.3.3.1 Growing number of counterfeit drugs to drive the adoption of track and trace solutions
                                 TABLE 128 ITALY: KEY MACROINDICATORS
                                 TABLE 129 ITALY: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT,  2019–2026 (USD MILLION)
                                 TABLE 130 ITALY: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 131 ITALY: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 132 ITALY: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                 TABLE 133 ITALY: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                                 TABLE 134 ITALY: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 135 ITALY: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 136 ITALY: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.3.4 SWITZERLAND
                        11.3.4.1 Implementation of serialization solutions by leading pharmaceutical companies in the country to support market growth
                                 TABLE 137 SWITZERLAND: KEY MACROINDICATORS
                                 TABLE 138 SWITZERLAND: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                 TABLE 139 SWITZERLAND: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 140 SWITZERLAND: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 141 SWITZERLAND: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                 TABLE 142 SWITZERLAND: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                                 TABLE 143 SWITZERLAND: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 144 SWITZERLAND: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 145 SWITZERLAND: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.3.5 UK
                        11.3.5.1 Growth in the pharmaceuticals market to drive market growth in the UK
                                 TABLE 146 UK: KEY MACROINDICATORS
                                 TABLE 147 UK: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                 TABLE 148 UK: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 149 UK: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 150 UK: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                 TABLE 151 UK: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                                 TABLE 152 UK: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 153 UK: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 154 UK: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.3.6 SPAIN
                        11.3.6.1 Growing generic drugs and medical devices markets to propel market growth
                                 TABLE 155 SPAIN: KEY MACROINDICATORS
                                 TABLE 156 SPAIN: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                 TABLE 157 SPAIN: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 158 SPAIN: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 159 SPAIN: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY,  2019–2026 (USD MILLION)
                                 TABLE 160 SPAIN: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                                 TABLE 161 SPAIN: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 163 SPAIN: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.3.7 REST OF EUROPE
                    TABLE 164 ROE: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                    TABLE 165 ROE: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 166 ROE: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 167 ROE: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    TABLE 168 ROE: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                    TABLE 169 ROE: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 170 ROE: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 171 ROE: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
     11.4 ASIA PACIFIC
          FIGURE 34 ASIA PACIFIC: MARKET SNAPSHOT
          TABLE 172 APAC: TRACK AND TRACE SOLUTIONS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
          TABLE 173 APAC: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
          TABLE 174 APAC: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
          TABLE 175 APAC: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
          TABLE 176 APAC: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
          TABLE 177 APAC: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
          TABLE 178 APAC: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
          TABLE 179 APAC: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
          TABLE 180 APAC: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.4.1 CHINA
                        11.4.1.1 China to dominate the Asia Pacific track and trace solutions market during the forecast period
                                 TABLE 181 CHINA: KEY MACROINDICATORS
                                 TABLE 182 CHINA: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                 TABLE 183 CHINA: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 184 CHINA: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 185 CHINA: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                 TABLE 186 CHINA: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                                 TABLE 187 CHINA: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 188 CHINA: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 189 CHINA: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.4.2 JAPAN
                        11.4.2.1 Rising use of serialization and track & trace solutions throughout the pharmaceutical supply chain to drive market growth in japan
                                 TABLE 190 JAPAN: KEY MACROINDICATORS
                                 TABLE 191 JAPAN: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                 TABLE 192 JAPAN: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 193 JAPAN: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 194 JAPAN: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                 TABLE 195 JAPAN: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                                 TABLE 196 JAPAN: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 197 JAPAN: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 198 JAPAN: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.4.3 INDIA
                        11.4.3.1 Low manufacturing cost and skilled workforce are attracting outsourcing and investments to India
                                 TABLE 199 INDIA: KEY MACROINDICATORS
                                 TABLE 200 INDIA: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                 TABLE 201 INDIA: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 202 INDIA: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 203 INDIA: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY,  2019–2026 (USD MILLION)
                                 TABLE 204 INDIA: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
                                 TABLE 205 INDIA: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 206 INDIA: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 207 INDIA: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.4.4 SOUTH KOREA
                        11.4.4.1 Increased spending on geriatric health and coverage for major chronic diseases to support market growth
                                 TABLE 208 SOUTH KOREA: KEY MACROINDICATORS
                                 TABLE 209 SOUTH KOREA: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                 TABLE 210 SOUTH KOREA: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 211 SOUTH KOREA: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 212 SOUTH KOREA: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                 TABLE 213 SOUTH KOREA: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                                 TABLE 214 SOUTH KOREA: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 215 SOUTH KOREA: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 216 SOUTH KOREA: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.4.5 AUSTRALIA
                        11.4.5.1 Favorable r&d tax benefits offered in the country are expected to drive market growth
                                 TABLE 217 AUSTRALIA: KEY MACROINDICATORS
                                 TABLE 218 AUSTRALIA: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                 TABLE 219 AUSTRALIA: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 220 AUSTRALIA: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 221 AUSTRALIA: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                 TABLE 222 AUSTRALIA: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                                 TABLE 223 AUSTRALIA: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 224 AUSTRALIA: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 225 AUSTRALIA: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.4.6 REST OF ASIA PACIFIC
                    TABLE 226 ROAPAC: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                    TABLE 227 ROAPAC: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 228 ROAPAC: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 229 ROAPAC: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    TABLE 230 ROAPAC: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                    TABLE 231 ROAPAC: SERIALIZATION SOLUTIONS MARKET, BY TYPE,  2019–2026 (USD MILLION)
                    TABLE 232 ROAPAC: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 233 ROAPAC: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
     11.5 LATIN AMERICA
          TABLE 234 LATIN AMERICA: TRACK AND TRACE SOLUTIONS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
          TABLE 235 LATIN AMERICA: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
          TABLE 236 LATIN AMERICA: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
          TABLE 237 LATIN AMERICA: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
          TABLE 238 LATIN AMERICA: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
          TABLE 239 LATIN AMERICA: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
          TABLE 240 LATIN AMERICA: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
          TABLE 241 LATIN AMERICA: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
          TABLE 242 LATIN AMERICA: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.5.1 BRAZIL
                        11.5.1.1 The large pharmaceutical industry and growing investments in the healthcare industry are boosting the market growth in Brazil
                                 TABLE 243 BRAZIL: KEY MACROINDICATORS
                                 TABLE 244 BRAZIL: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                 TABLE 245 BRAZIL: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 246 BRAZIL: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 247 BRAZIL: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                 TABLE 248 BRAZIL: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                                 TABLE 249 BRAZIL: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 250 BRAZIL: AGGREGATION SOLUTIONS MARKET, BY TYPE,  2019–2026 (USD MILLION)
                                 TABLE 251 BRAZIL: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.5.2 MEXICO
                        11.5.2.1 Increasing government support for the growth of the biotechnology and pharmaceutical industries to drive market growth in Mexico
                                 TABLE 252 MEXICO: KEY MACROINDICATORS
                                 TABLE 253 MEXICO: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                                 TABLE 254 MEXICO: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 255 MEXICO: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 256 MEXICO: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY,  2019–2026 (USD MILLION)
                                 TABLE 257 MEXICO: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                                 TABLE 258 MEXICO: SERIALIZATION SOLUTIONS MARKET, BY TYPE,  2019–2026 (USD MILLION)
                                 TABLE 259 MEXICO: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                 TABLE 260 MEXICO: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.5.3 REST OF LATIN AMERICA
                    TABLE 261 ROLA: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                    TABLE 262 ROLA: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 263 ROLA: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 264 ROLA: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    TABLE 265 ROLA: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
                    TABLE 266 ROLA: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 267 ROLA: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 268 ROLA: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)
     11.6 MIDDLE EAST & AFRICA
             11.6.1 MEA MARKET INCLUDES HIGH-GROWTH REGIONS, BUT ALSO COUNTRIES AFFECTED BY POLITICAL INSTABILITY
                    TABLE 269 MIDDLE EAST AND AFRICA: TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
                    TABLE 270 MIDDLE EAST AND AFRICA: TRACK AND TRACE SOFTWARE SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 271 MIDDLE EAST AND AFRICA: TRACK AND TRACE HARDWARE COMPONENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 272 MIDDLE EAST AND AFRICA: TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                    TABLE 273 MIDDLE EAST AND AFRICA: TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                    TABLE 274 MIDDLE EAST AND AFRICA: SERIALIZATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 275 MIDDLE EAST AND AFRICA: AGGREGATION SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 276 MIDDLE EAST AND AFRICA: TRACK AND TRACE SOLUTIONS MARKET, BY END USER, 2019–2026 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 231)
     12.1 INTRODUCTION
          FIGURE 35 KEY DEVELOPMENTS OF SOME OF THE MAJOR PLAYERS BETWEEN 2017 AND APRIL 2021
     12.2 MARKET EVALUATION FRAMEWORK
          FIGURE 36 MARKET EVALUATION FRAMEWORK: PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS —THE MOST WIDELY ADOPTED STRATEGY
     12.3 PRODUCT PORTFOLIO MATRIX
             12.3.1 COMPANY END USER FOOTPRINT
                    TABLE 277 PLAYERS IN THE TRACK AND TRACE SOLUTIONS MARKET: PRODUCT PORTFOLIO ANALYSIS
             12.3.2 COMPANY PRODUCT FOOTPRINT
             12.3.3 COMPANY REGION FOOTPRINT
     12.4 TRACK AND TRACE MARKET: R&D EXPENDITURE
          FIGURE 37 R&D EXPENDITURE OF KEY PLAYERS IN THE TRACK AND TRACE MARKET (2019 VS. 2020)
     12.5 REVENUE ANALYSIS OF KEY MARKET PLAYERS
          FIGURE 38 TRACK AND TRACE SOLUTIONS MARKET: REVENUE ANALYSIS OF KEY MARKET PLAYERS (2020)
     12.6 COMPETITIVE LEADERSHIP MAPPING
             12.6.1 STARS
             12.6.2 EMERGING LEADERS
             12.6.3 PERVASIVE PLAYERS
             12.6.4 EMERGING COMPANIES
                    FIGURE 39 COMPETITIVE LEADERSHIP MAPPING: TRACK AND TRACE SOLUTIONS MARKET, 2020
     12.7 MARKET SHARE ANALYSIS
             12.7.1 TRACK AND TRACE HARDWARE COMPONENTS & STANDALONE PLATFORMS MARKET
                    TABLE 278 TRACK AND TRACE HARDWARE COMPONENTS & STANDALONE PLATFORMS MARKET: DEGREE OF COMPETITION
                    FIGURE 40 TRACK AND TRACE HARDWARE COMPONENTS & STANDALONE PLATFORMS MARKET SHARE ANALYSIS, BY KEY PLAYER, 2020
             12.7.2 TRACK AND TRACE SOFTWARE MARKET LEADERSHIP ANALYSIS
                    FIGURE 41 TRACELINK DOMINATED THE TRACK & TRACE SOFTWARE MARKET IN 2020
     12.8 COMPETITIVE SITUATION AND TRENDS
             12.8.1 PRODUCT LAUNCHES AND APPROVALS
             12.8.2 DEALS
             12.8.3 OTHER DEVELOPMENTS
     12.9 COMPETITIVE LEADERSHIP MAPPING – START-UP/SME
             12.9.1 PROGRESSIVE COMPANIES
             12.9.2 STARTING BLOCKS
             12.9.3 RESPONSIVE COMPANIES
             12.9.4 DYNAMIC COMPANIES
                    FIGURE 42 COMPANY LEADERSHIP MAPPING, START-UP/SME (2020)

13 COMPANY PROFILES (Page No. - 248)
     13.1 KEY PLAYERS
(Business Overview, Products & Solutions, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
             13.1.1 ANTARES VISION
                    TABLE 279 ANTARES VISION: BUSINESS OVERVIEW
                    FIGURE 43 ANTARES VISION: COMPANY SNAPSHOT
             13.1.2 AXWAY
                    TABLE 280 AXWAY: BUSINESS OVERVIEW
                    FIGURE 44 AXWAY: COMPANY SNAPSHOT (2020)
             13.1.3 OPTEL GROUP
                    TABLE 281 OPTEL GROUP: BUSINESS OVERVIEW
             13.1.4 TRACELINK INC.
                    TABLE 282 TRACELINK INC.: BUSINESS OVERVIEW
             13.1.5 SYNTEGON (FORMERLY ROBERT BOSCH GMBH)
                    TABLE 283 SYNTEGON: BUSINESS OVERVIEW
             13.1.6 ACG WORLDWIDE
                    TABLE 284 ACG WORLDWIDE: BUSINESS OVERVIEW
             13.1.7 SEA VISION S.R.L
                    TABLE 285 SEA VISION S.R.L.: BUSINESS OVERVIEW
             13.1.8 SYSTECH INTERNATIONAL (A PART OF MARKEM-IMAJE)
                    TABLE 286 SYSTECH INTERNATIONAL.: BUSINESS OVERVIEW
             13.1.9 UHLMANN GROUP
                    TABLE 287 UHLMANN GROUP: BUSINESS OVERVIEW
                    FIGURE 45 UHLMANN GROUP: COMPANY SNAPSHOT
             13.1.10 KΦRBER AG
                     TABLE 288 KΦRBER AG.: BUSINESS OVERVIEW
                     FIGURE 46 KΦRBER AG: COMPANY SNAPSHOT (2020)
             13.1.11 SIEMENS AG
                     TABLE 289 SYSTECH INTERNATIONAL.: BUSINESS OVERVIEW
                     FIGURE 47 SIEMENS HEALTHINEERS: COMPANY SNAPSHOT (2020)
             13.1.12 SAP
                     TABLE 290 SAP: BUSINESS OVERVIEW
                     FIGURE 48 SAP: COMPANY SNAPSHOT
             13.1.13 ZEBRA TECHNOLOGIES CORPORATION
                     TABLE 291 ZEBRA TECHNOLOGIES CORPORATION: BUSINESS OVERVIEW
                     FIGURE 49 ZEBRA TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT (2020)
             13.1.14 METTLER-TOLEDO INTERNATIONAL INC.
                     TABLE 292 METTLER-TOLEDO INTERNATIONAL INC.: BUSINESS OVERVIEW
                     FIGURE 50 METTLER-TOLEDO: COMPANY SNAPSHOT (2020)
     13.2 OTHER EMERGING COMPANIES
             13.2.1 WIPOTEC-OCS GMBH
                    TABLE 293 WIPOTEC-OCS GMBH: BUSINESS OVERVIEW
             13.2.2 XYNTEK INC.
                    TABLE 294 XYNTEK INC.: BUSINESS OVERVIEW
             13.2.3 JEKSON VISION
                    TABLE 295 JEKSON VISION.: BUSINESS OVERVIEW
             13.2.4 VIDEOJET TECHNOLOGIES INC.,
                    TABLE 296 VIDEOJET TECHNOLOGIES INC.: BUSINESS OVERVIEW
             13.2.5 KEVISION SYSTEMS
                    TABLE 297 KEVISION SYSTEMS.: BUSINESS OVERVIEW
             13.2.6 LAETUS GMBH
                    TABLE 298 LAETUS GMBH: BUSINESS OVERVIEW

*Details on Business Overview, Products & Solutions, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

14 APPENDIX (Page No. - 309)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

This study involved four major activities for estimating the current size of the track and trace solutions market. Exhaustive secondary research was conducted to collect information on the market as well as its peer and parent markets. The next step focused on validating these findings, assumptions, and sizing with industry experts across the value chain through primary research. Revenue Share Analysis, Parent Market and top-down approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the sizes of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources such as D&B Hoovers, Bloomberg Business, and Factiva have been referred to identify and collect information for this study. These secondary sources include annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard and silver-standard websites, regulatory bodies, and databases.

Primary Research

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology and innovation directors, and related key executives from various key companies operating in the track and trace solutions market. Primary sources from the demand side include experts from pharma and bio pharma companies, experts from food industry and research centers. Primary research was conducted to validate the market segmentation, identify key players in the market, and gather insights on the key industry trends and key market dynamics, such as market drivers, restraints, challenges, and opportunities.

Track and Trace Solutions Market Size, and Share

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

Market Size Estimation

The total size of the track and trace solutions market was arrived at after data triangulation from two different approaches, as mentioned below.

Approach to calculate the revenue of different players in the track and trace solutions market

The size of the track and trace solutions market was obtained from annual reports, SEC filings, online publications, and extensive primary interviews. A percentage split was applied to arrive at the size of market segments. Further splits were applied to arrive at the size for each sub-segment. These percentage splits were validated by primary participants. The country-level market sizes obtained from the annual reports, SEC filings, online publications, and extensive primary interviews were added up to reach the total market size for regions. By adding up the market sizes for all the regions, the global track and trace solutions market was derived.

Approach to derive the market size and estimate market growth

The market size and market growth were estimated through primary interviews on a regional and global level. All responses were collated, and a weighted average was taken to derive a probabilistic estimate of the market size and growth rate.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Objectives of the Study

  • To define, describe, and forecast the global track and trace solutions market by product, application, technology, end user, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (such as drivers, restraints, opportunities, and challenges)
  • To analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall track and trace solutions market
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of the track and trace solutions market with respect to five main regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
  • To profile the key players in the track and trace solutions market and comprehensively analyze their core competencies2 and market shares
  • To track and analyze competitive developments such as agreements, partnerships, and collaborations; acquisitions; expansions; product launches and enhancements; and research and development activities in the track and trace solutions market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per your 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 the top companies

Geographic Analysis

  • Further breakdown of the RoAPAC market into New Zealand, Hong Kong, Singapore, and other countries
  • Further breakdown of the RoE market into Russia, the Netherlands, Nordic countries, and other countries

Company Information

  • Detailed analysis and profiling of additional market players (Up to five)
COVID-19

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Benchmarking the rapid strategy shifts of the Top 100 companies in the Track and Trace Solutions Market

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