Shibuya-ku, Tokyo, Japan, Japan, Jul 15, 2021, 05:41 /Comserve / -- The global track & trace market is estimated to reach US$4.58 billion in 2024, growing at a CAGR of 16.46% for the period spanning 2020-2024.
The global track & trace market is estimated to reach US$4.58 billion in 2024, growing at a CAGR of 16.46% for the period spanning 2020-2024.
The growth of the market has been driven by an increasing population, accelerating economic growth, expanding urbanization, upsurge in drug counterfeiting incidents and swelling demand of medical devices.
Some of the noteworthy trends of the market include rising sales of prescription drugs, advancements in technological innovations and wide applications of bar code technology in the healthcare industry.
However, growth of the market would be challenged by high cost associated with implementation and shortage of skilled operators.
The fastest growing regional market is North America due to rising adoption of track and trace solutions in the region and increasing number of counterfeit medicines available in the market.
Europe represents the second largest track & trace market and is already well-penetrated at developed market levels.
Scope of the report:
• The report provides a comprehensive analysis of the global track & trace market, segmented on the basis of type, technology, product, application and end-users.
• The major regional and country markets (North America, Europe and Asia Pacific) have been analyzed.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The competitive landscape of the market, along with the company profiles of leading players (Mettler Toledo International Inc., Zebra Technologies Corporation, Cognex Corporation, Axway, TraceLink Inc. and Optel Group) are also presented in detail.
Key Target Audience:
• Track and trace solution manufacturers, suppliers, and distributors
• Original equipment manufacturers (OEMs)
• Hardware system manufacturers
• Medical device companies
• Government Bodies & Regulating Authorities.
Table of Content
1. Market Overview
1.1 Introduction
1.2 Process of T&T: Serialization and Aggregation
1.3 Track and Trace: Need vs Solution
1.4 Characteristics of Track and Trace
1.5 Advantages of Track & Trace
2. Global Market Analysis
2.1 Global Track & Trace Market by Value
2.2 Global Track & Trace Market Forecast by Value
2.3 Global Track & Trace Market by Type
2.3.1 Global Industrial Track & Trace Market by Value
2.3.2 Global Industrial Track & Trace Market Forecast by Value
2.3.3 Global Pharmaceutical Track & Trace Market by Value
2.3.4 Global Pharmaceutical Track & Trace Market Forecast by Value
2.4 Global Track & Trace Market by Technology
2.4.1 Global Barcode Track & Trace Market by Value
2.4.2 Global Barcode Track & Trace Market Forecast by Value
2.4.3 Global Radio Frequency Identification (RFID) Track & Trace Market by Value
2.4.4 Global Radio Frequency Identification (RFID) Track & Trace Market Forecast by Value
2.5 Global Track & Trace Market by Product
2.5.1 Global Track & Trace Software Solutions Market by Value
2.5.2 Global Track & Trace Software Solutions Market Forecast by Value
2.5.3 Global Track & Trace Hardware Systems Market by Value
2.5.4 Global Track & Trace Hardware Systems Market Forecast by Value
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