Thursday, 21 December 2017

Track and Trace Solutions Market by Technology , Type, Application & End User - 2021

The global healthcare track and trace solutions market is valued at USD 1.27 Billion in 2016. This market is expected to grow at a CAGR of 17.3% during the forecast period (2016–2021) to reach USD 2.81 Billion by 2021.

Driving Factors : 

The increasing focus of manufacturers on brand protection, growth in number of packaging-related product recalls, and favorable regulations across the globe are key factors driving market growth. Untapped emerging regions showcase new growth opportunities for this market. However, market growth is restrained by the high cost associated with the implementation of serialization and aggregation solutions.

This research study involved the extensive usage of both primary and secondary data sources as well as various factors affecting the industry, including the regulatory landscape; competitive scenario; historic data; current trends in the market; technological innovations and upcoming technologies; and market drivers, restraints, opportunities, and challenges.

In this report, the healthcare track and trace solutions market is segmented by product type, technology, application, end user, and region. Based on application, the market is segmented into serialization solutions and aggregation solutions. The serialization solutions segment accounted for the largest share of the market in 2015, owing to the presence of stringent regulations for the implementation of serialization solutions in the packaging and supply chain application segments.

Geographically, North America dominated the global healthcare track and trace solutions market in 2015. The large share of this region can be attributed to presence of developed healthcare systems in the U.S. & Canada and growing R&D spending on pharmaceuticals & biotechnology in this region.
                    Track and Trace Solutions Market
The Asia-Pacific region is expected to register the highest CAGR, due to the growth in research activities & pharmaceutical manufacturing and increasing investments by leading players and respective government agencies in the region.

Prominent Players : 

The key players in this market are Axway Inc. (U.S.), Adents International (France), Optel Vision (Canada), Mettler-Toledo International Inc. (U.S.), Systech Inc. (U.S.), TraceLink Inc. (U.S.), Antares Vision (Italy), Xyntek Inc. (U.S.), Sea Vision Srl (Italy), Siemens AG (Germany), Seidenader Maschinenbau GmbH (Germany), and ACG Worldwide (India).

Target Audience
  • Healthcare Track and Trace Solution Manufacturers
  • Healthcare Track and Trace Solution Suppliers and Distributors
  • Original Equipment Manufacturers (OEMs)
  • Hardware System Manufacturers
  • Pharmaceutical Companies

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