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Track and Trace Solutions Market by Technology (RFID and Barcodes), by Product (Software Solutions and Hardware Systems), by Application (Aggregation Solutions and Serialization Solutions), and by End-User (Medical Devices Companies, Pharmaceutical and Biopharmaceutical Companies, Cosmetic Industry, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024

Published Date: 02-Jan-2019 Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-3691 Status : Published

Global track and trace solutions market expected to generate around USD 4.6 billion by 2024, at a CAGR of around 18.72% between 2018 and 2024. Pharmaceutical and medical device industry is experiencing rapid growth in both developed and developing nations.

Description

The report covers a forecast and an analysis of the track and trace solutions market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the track and trace solutions market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the track and trace solutions market on a global and regional level.

In order to give the users of this report a comprehensive view of the track and trace solutions market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Track and Trace Solutions Market

The report provides company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the track and trace solutions market on a global and regional basis.

The study provides a decisive view of the track and trace solutions market by segmenting the market based on technology, product, application, end-user, and region. Based on technology market is segmented into Radio-Frequency Identification (RFID) and barcodes. Barcode technology segment is sub-segmented into 2D barcodes and linear barcodes. Based on product, this market is segmented into software solutions and hardware systems. Hardware systems are sub-segmented into monitoring and verification, printing and marking, checkweighers, labeling, barcode scanners, and RFID readers. Software solutions are sub-categorized into line controller, plant manager, bundle tracking, case tracking, warehouse, and shipment manager, pallet tracking, and enterprise and network manager. Aggregation solutions and serialization solutions form the application segment of the track and trace solutions market. Aggregation solutions segment is further categorized into the case, pallet, and bundle. The serialization solutions segment is sub-segmented into bottle, blister, vials and ampoules, carton, and medical device serialization. Medical devices companies, pharmaceutical and biopharmaceutical companies, cosmetic industry, and others comprise the end-user segment of this market.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further segmentation into major countries including the U.S., Canada, Germany, France, UK, China, Japan, India, and Brazil.

Few of the key players in the track and trace solutions market include METTLER TOLEDO, OPTEL Group, TraceLink, Systech, Xyntek, Antares Vision, Axway, Sea Vision, Adents International, Zebra Technologies, Siemens, ACG Worldwide, and Körber Medipak Systems, among others.

This report segments the global track and trace solutions market into:

Global Track and Trace Solutions Market: By Technology

  • Barcodes
    • 2D Barcodes
    • Linear Barcodes
  • Radiofrequency Identification (RFID)

Global Track and Trace Solutions Market: By Product

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

Global Track and Trace Solutions Market: By Application

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

Global Track and Trace Solutions Market: By End-User

  • Pharmaceutical and Biopharmaceutical Companies
  • Medical Devices Companies
  • Cosmetic Industry
  • Others

Global Track and Trace Solutions Market: By Region

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Track and Trace Solutions Market Revenue, 2015 - 2024 (USD Billion)
    • 2.2. Global Track and Trace Solutions Market: Snapshot
  •  
  • Chapter 3. Track and Trace Solutions Market - Industry Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global Track and Trace Solutions Market drivers: Impact analysis
      • 3.2.2. Stringent Government requirements for the Implementation of Serialization
      • 3.2.3. Increasing Focus of Manufacturers on Brand Protection
    • 3.3. Market Restraints
      • 3.3.1. High Costs Associated With Aggregation and Serialization
    • 3.4. Opportunities
      • 3.4.1. Technological Advancements
    • 3.5. Porter's Five Forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by Technology
      • 3.6.2. Market attractiveness analysis, by Product
      • 3.6.3. Market attractiveness analysis, by Application
      • 3.6.4. Market attractiveness analysis, by End-User
      • 3.6.5. Market attractiveness analysis, by Region
  •  
  • Chapter 4. Global Track and Trace Solutions Market - Competitive Landscape
    • 4.1. Company Market Share Analysis
      • 4.1.1. Global Track and Trace Solutions Market: Company Market Share, 2017
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
      • 4.2.4. Research and Development and Regional Expansion
  •  
  • Chapter 5. Global Track and Trace Solutions Market - Technology Analysis
    • 5.1. Global Track and Trace Solutions Market: Technology overview
      • 5.1.1. Global Track and Trace Solutions Market revenue share, by Technology, 2017 and 2024
    • 5.2. Barcodes
      • 5.2.1. Global Track and Trace Solutions Market for Barcodes, 2015 - 2024(USD Billion)
    • 5.3. RFID
      • 5.3.1. Global Track and Trace Solutions Market for RFID, 2015 - 2024 (USD Billion)
  •  
  • Chapter 6. Global Track and Trace Solutions Market - Product Analysis
    • 6.1. Global Track and Trace Solutions Market: Product segment overview
      • 6.1.1. Global Track and Trace Solutions Market revenue share, by Product, 2017 and 2024
    • 6.2. Hardware Systems
      • 6.2.1. Global Track and Trace Solutions Market for Hardware Systems, 2015 - 2024 (USD Billion)
    • 6.3. Software Solutions
      • 6.3.1. Global Track and Trace Solutions Market for Software Solutions, 2015 - 2024(USD Billion)
  •  
  • Chapter 7. Global Track and Trace Solutions Market - Application Analysis
    • 7.1. Global Track and Trace Solutions Market: Application overview
      • 7.1.1. Global Track and Trace Solutions Market revenue share, by Application, 2017 and 2024
    • 7.2. Serialization Solutions
      • 7.2.1. Global Track and Trace Solutions Market for Serialization Solutions, 2015 - 2024 (USD Billion)
    • 7.3. Aggregation Solutions
      • 7.3.1. Global Track and Trace Solutions Market for Aggregation Solutions, 2015 - 2024 (USD Billion)
  •  
  • Chapter 8. Global Track and Trace Solutions Market - End-User Analysis
    • 8.1. Global Track and Trace Solutions Market: End-User overview
      • 8.1.1. Global Track and Trace Solutions Market revenue share, by End-User, 2017 and 2024
    • 8.2. Pharmaceutical and Biopharmaceutical Companies
      • 8.2.1. Global Track and Trace Solutions Market for Pharmaceutical and Biopharmaceutical Companies, 2015 - 2024(USD Billion)
    • 8.3. Medical Devices Companies
      • 8.3.1. Global Track and Trace Solutions Market for Medical Devices Companies, 2015 - 2024(USD Billion)
    • 8.4. Cosmetic Industry
      • 8.4.1. Global Track and Trace Solutions Market for Cosmetic Industry, 2015 - 2024 (USD Billion)
    • 8.5. Others
      • 8.5.1. Global Track and Trace Solutions Market for Others, 2015 - 2024 (USD Billion)
  •  
  • Chapter 9. Global Track and Trace Solutions Market - Regional Analysis
    • 9.1. Global Track and Trace Solutions Market: Regional overview
      • 9.1.1. Global Track and Trace Solutions Market revenue share, by region, 2017 and 2024
    • 9.2. North America
      • 9.2.1. North America Track and Trace Solutions Market Revenue, by Technology, 2015 - 2024(USD Billion)
      • 9.2.2. North America Track and Trace Solutions Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.2.3. North America Track and Trace Solutions Market Revenue, by Application, 2015 - 2024(USD Billion)
      • 9.2.4. North America Track and Trace Solutions Market revenue, by End-User, 2015 - 2024(USD Billion)
      • 9.2.5. The U.S.
        • 9.2.5.1. The U.S. Track and Trace Solutions Market Revenue, by Technology, 2015 - 2024 (USD Billion)
        • 9.2.5.2. The U.S. Track and Trace Solutions Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 9.2.5.3. The U.S. Track and Trace Solutions Market Revenue, by Application, 2015 - 2024 (USD Billion)
        • 9.2.5.4. The U.S. Track and Trace Solutions Market revenue, by End-User, 2015 - 2024 (USD Billion)
      • 9.2.6. Rest of North America
        • 9.2.6.1. Rest of North America Track and Trace Solutions Market Revenue, by Technology, 2015 - 2024 (USD Billion)
        • 9.2.6.2. Rest of North America Track and Trace Solutions Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 9.2.6.3. Rest of North America Track and Trace Solutions Market Revenue, by Application, 2015 - 2024 (USD Billion)
        • 9.2.6.4. Rest of North America Track and Trace Solutions Market revenue, by End-User, 2015 - 2024 (USD Billion)
    • 9.3. Europe
      • 9.3.1. Europe Track and Trace Solutions Market Revenue, by Technology, 2015 - 2024 (USD Billion)
      • 9.3.2. Europe Track and Trace Solutions Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.3.3. Europe Track and Trace Solutions Market Revenue, by Application, 2015 - 2024 (USD Billion)
      • 9.3.4. Europe Track and Trace Solutions Market revenue, by End-User, 2015 - 2024 (USD Billion)
      • 9.3.5. Germany
        • 9.3.5.1. Germany Track and Trace Solutions Market Revenue, by Technology, 2015 - 2024 (USD Billion)
        • 9.3.5.2. Germany Track and Trace Solutions Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 9.3.5.3. Germany Track and Trace Solutions Market Revenue, by Application, 2015 - 2024 (USD Billion)
        • 9.3.5.4. Germany Track and Trace Solutions Market revenue, by End-User, 2015 - 2024 (USD Billion)
      • 9.3.6. UK
        • 9.3.6.1. UK Track and Trace Solutions Market Revenue, by Technology, 2015 - 2024 (USD Billion)
        • 9.3.6.2. UK Track and Trace Solutions Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 9.3.6.3. UK Track and Trace Solutions Market Revenue, by Application, 2015 - 2024 (USD Billion)
        • 9.3.6.4. UK Track and Trace Solutions Market revenue, by End-User, 2015 - 2024 (USD Billion)
      • 9.3.7. France
        • 9.3.7.1. France Track and Trace Solutions Market Revenue, by Technology, 2015 - 2024 (USD Billion)
        • 9.3.7.2. France Track and Trace Solutions Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 9.3.7.3. France Track and Trace Solutions Market Revenue, by Application, 2015 - 2024 (USD Billion)
        • 9.3.7.4. France Track and Trace Solutions Market revenue, by End-User, 2015 - 2024 (USD Billion)
      • 9.3.8. Rest of Europe
        • 9.3.8.1. Rest of Europe Track and Trace Solutions Market Revenue, by Technology, 2015 - 2024 (USD Billion)
        • 9.3.8.2. Rest of Europe Track and Trace Solutions Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 9.3.8.3. Rest of Europe Track and Trace Solutions Market Revenue, by Application, 2015 - 2024 (USD Billion)
        • 9.3.8.4. Rest of Europe Track and Trace Solutions Market revenue, by End-User, 2015 - 2024 (USD Billion)
    • 9.4. Asia Pacific
      • 9.4.1. Asia Pacific Track and Trace Solutions Market Revenue, by Technology, 2015 - 2024 (USD Billion)
      • 9.4.2. Asia Pacific Track and Trace Solutions Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.4.3. Asia Pacific Track and Trace Solutions Market Revenue, by Application, 2015 - 2024 (USD Billion)
      • 9.4.4. Asia Pacific Track and Trace Solutions Market revenue, by End-User, 2015 - 2024 (USD Billion)
      • 9.4.5. China
        • 9.4.5.1. China Track and Trace Solutions Market Revenue, by Technology, 2015 - 2024 (USD Billion)
        • 9.4.5.2. China Track and Trace Solutions Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 9.4.5.3. China Track and Trace Solutions Market Revenue, by Application, 2015 - 2024 (USD Billion)
        • 9.4.5.4. China Track and Trace Solutions Market revenue, by End-User, 2015 - 2024 (USD Billion)
      • 9.4.6. Japan
        • 9.4.6.1. Japan Track and Trace Solutions Market Revenue, by Technology, 2015 - 2024 (USD Billion)
        • 9.4.6.2. Japan Track and Trace Solutions Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 9.4.6.3. Japan Track and Trace Solutions Market Revenue, by Application, 2015 - 2024 (USD Billion)
        • 9.4.6.4. Japan Track and Trace Solutions Market revenue, by End-User, 2015 - 2024 (USD Billion)
      • 9.4.7. India
        • 9.4.7.1. India Track and Trace Solutions Market Revenue, by Technology, 2015 - 2024 (USD Billion)
        • 9.4.7.2. India Track and Trace Solutions Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 9.4.7.3. India Track and Trace Solutions Market Revenue, by Application, 2015 - 2024 (USD Billion)
        • 9.4.7.4. India Track and Trace Solutions Market revenue, by End-User, 2015 - 2024 (USD Billion)
      • 9.4.8. Rest of Asia Pacific
        • 9.4.8.1. Rest of Asia Pacific Track and Trace Solutions Market Revenue, by Technology, 2015 - 2024 (USD Billion)
        • 9.4.8.2. Rest of Asia Pacific Track and Trace Solutions Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 9.4.8.3. Rest of Asia Pacific Track and Trace Solutions Market Revenue, by Application, 2015 - 2024 (USD Billion)
        • 9.4.8.4. Rest of Asia Pacific Track and Trace Solutions Market revenue, by End-User, 2015 - 2024 (USD Billion)
    • 9.5. Latin America
      • 9.5.1. Latin America Track and Trace Solutions Market Revenue, by Technology, 2015 - 2024 (USD Billion)
      • 9.5.2. Latin America Track and Trace Solutions Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.5.3. Latin America Track and Trace Solutions Market Revenue, by Application, 2015 - 2024 (USD Billion)
      • 9.5.4. Latin America Track and Trace Solutions Market revenue, by End-User, 2015 - 2024 (USD Billion)
      • 9.5.5. Brazil
        • 9.5.5.1. Brazil Track and Trace Solutions Market Revenue, by Technology, 2015 - 2024 (USD Billion)
        • 9.5.5.2. Brazil Track and Trace Solutions Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 9.5.5.3. Brazil Track and Trace Solutions Market Revenue, by Application, 2015 - 2024 (USD Billion)
        • 9.5.5.4. Brazil Track and Trace Solutions Market revenue, by End-User, 2015 - 2024 (USD Billion)
      • 9.5.6. Rest of Latin America
        • 9.5.6.1. Rest of Latin America Track and Trace Solutions Market Revenue, by Technology, 2015 - 2024 (USD Billion)
        • 9.5.6.2. Rest of Latin America Track and Trace Solutions Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 9.5.6.3. Rest of Latin America Track and Trace Solutions Market Revenue, by Application, 2015 - 2024 (USD Billion)
        • 9.5.6.4. Rest of Latin America Track and Trace Solutions Market revenue, by End-User, 2015 - 2024 (USD Billion)
    • 9.6. The Middle East and Africa
      • 9.6.1. The Middle East and Africa Track and Trace Solutions Market Revenue, by Technology, 2015 - 2024 (USD Billion)
      • 9.6.2. The Middle East and Africa Track and Trace Solutions Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.6.3. The Middle East and Africa Track and Trace Solutions Market Revenue, by Application, 2015 - 2024 (USD Billion)
      • 9.6.4. The Middle East and Africa Track and Trace Solutions Market revenue, by End-User, 2015 - 2024 (USD Billion)
  •  
  • Chapter 10. Company Profile
    • 10.1. OPTEL Group
      • 10.1.1. Overview
      • 10.1.2. Financials
      • 10.1.3. Therapy portfolio
      • 10.1.4. Business strategy
      • 10.1.5. Recent developments
    • 10.2. METTLER TOLEDO
      • 10.2.1. Overview
      • 10.2.2. Financials
      • 10.2.3. Therapy portfolio
      • 10.2.4. Business strategy
      • 10.2.5. Recent developments
    • 10.3. Systech
      • 10.3.1. Overview
      • 10.3.2. Financials
      • 10.3.3. Therapy portfolio
      • 10.3.4. Business strategy
      • 10.3.5. Recent developments
    • 10.4. TraceLink
      • 10.4.1. Overview
      • 10.4.2. Financials
      • 10.4.3. Therapy portfolio
      • 10.4.4. Business strategy
      • 10.4.5. Recent developments
    • 10.5. Antares Vision
      • 10.5.1. Overview
      • 10.5.2. Financials
      • 10.5.3. Therapy portfolio
      • 10.5.4. Business strategy
      • 10.5.5. Recent developments
    • 10.6. Xyntek
      • 10.6.1. Overview
      • 10.6.2. Financials
      • 10.6.3. Therapy portfolio
      • 10.6.4. Business strategy
      • 10.6.5. Recent developments
    • 10.7. Axway
      • 10.7.1. Overview
      • 10.7.2. Financials
      • 10.7.3. Therapy portfolio
      • 10.7.4. Business strategy
      • 10.7.5. Recent developments
    • 10.8. Adents International
      • 10.8.1. Overview
      • 10.8.2. Financials
      • 10.8.3. Therapy portfolio
      • 10.8.4. Business strategy
      • 10.8.5. Recent developments
    • 10.9. Sea Vision
      • 10.9.1. Overview
      • 10.9.2. Financials
      • 10.9.3. Therapy portfolio
      • 10.9.4. Business strategy
      • 10.9.5. Recent developments
    • 10.10. Siemens
      • 10.10.1. Overview
      • 10.10.2. Financials
      • 10.10.3. Therapy portfolio
      • 10.10.4. Business strategy
      • 10.10.5. Recent developments
    • 10.11. Zebra Technologies
      • 10.11.1. Overview
      • 10.11.2. Financials
      • 10.11.3. Therapy portfolio
      • 10.11.4. Business strategy
      • 10.11.5. Recent developments

Methodology

Free Analysis

Track and trace solutions, such as automatic identification technologies and software, are both effective and reliable in ensuring proficient delivery of components and materials to customers. Track and trace solution technologies help to improve security and drug traceability. Tracking and tracing solutions are gaining popularity and importance across various sectors, such as pharmaceutical, food industries, etc., that have high legal restrictions and requirements for transactions of high-valued goods.

The global demand for medical devices is growing rapidly, owing to the increasing prevalence of life-threatening diseases. Medical equipment transported from manufacturing units to installation sites is a long and tedious procedure. Track and trace solutions play a vital role in the distribution and logistics of medical devices. Stringent regulatory requirements for the implementation of serialization are the major growth driver of the track and trace solutions market globally. Other factors that are likely to contribute notably toward the track and trace solutions market in the estimated timeframe are increasing emphasis on brand protection by manufacturers, rising product recalls concerned with packaging, and emerging pharmaceutical, biopharmaceutical, and medical device sectors. However, huge aggregation and serialization costs might restrain this market’s growth in the years ahead. Nevertheless, technological advancements and the growing number of pharmaceutical, biotechnology, and medical devices manufacturing facilities are likely to create new growth avenues for the track and trace solutions market players in the future.

Global Track and Trace Solutions Market

The track and trace solutions market are segmented based on technology, product, application, and end-user. By technology, this market is bifurcated into Radio-Frequency Identification (RFID) and barcodes. Barcodes are sub-segmented into 2D and linear barcodes. By product, this market is bifurcated into software solutions and hardware systems. Hardware systems are sub-segmented into monitoring and verification, printing and marking, checkweighers, labeling, barcode scanners, and RFID readers. Software solutions are sub-categorized into line controller, plant manager, bundle tracking, case tracking, warehouse, and shipment manager, pallet tracking, and enterprise and network manager. Aggregation solutions and serialization solutions form this market’s application segment. Aggregation solutions segment is further categorized into the case, pallet, and bundle. The serialization solutions segment is sub-segmented into bottle, blister, vials and ampoules, carton, and medical device serialization. Medical devices companies, pharmaceutical and biopharmaceutical companies, cosmetic industry, and others comprise the end-user segment of this market.

By region, North America is projected to remain at the leading position over the forecast time period. North America region held about 43% share of the global track and trace solutions market in 2017, owing to the presence of advanced healthcare systems in the U.S. The Asia Pacific region is expected to grow rapidly in the future in the market for track and trace solutions, due to the presence of a large number of pharmaceutical companies in this region.

Few of the key players in the track and trace solutions market include METTLER TOLEDO, OPTEL Group, TraceLink, Systech, Xyntek, Antares Vision, Axway, Sea Vision, Adents International, Zebra Technologies, Siemens, ACG Worldwide, and Körber Medipak Systems, among others.

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