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