Track and Trace Solutions Market To Be Driven Due To Deployment Cost Of Serialization & Aggregation solutions Till 2025: 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 forecast period 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 include A xway; 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
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.
Comments
Post a Comment