Track and Trace Solutions Market by Product Type (Hardware Systems and Software Solutions), Technology (Barcode and RFID), Application (Serialization Solutions and Aggregation Solutions), and End User (Pharmaceutical & Biotechnology Companies, Medical Device Companies, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Track and Trace Solutions market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Track and Trace Solutions market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis
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“Track and Trace Solutions Market, by Product Type, Technology, Application, and End User: Opportunity Analysis and Industry Forecast, 2020–2027,” the global track and trace solutions market was valued at $2.0 billion in 2019, and is projected to reach $6.1 billion by 2027, registering a CAGR of 14.6% from 2020 to 2027.
Track and trace solution companies assist pharmaceutical and biotechnology companies, contract manufacturing organizations along with contract packaging organizations and their supply chain partners to adapt to market changes and comply with regulations on drug traceability with the integrated serialization solutions.
The key factors that drive the growth of the global track and trace solutions market include rise in adoption of advanced track and trace solutions, favorable government intervention, and stringent regulations and criteria for the implementation of serialization.
The global track and trace solutions market is segmented into product type, technology, application, end user, and region. On the basis of product type, the market is bifurcated into hardware systems and software solutions. The hardware systems market is sub-segmented into printing & marking solutions, monitoring & verification solutions, labeling solutions, and others. The software solutions market is further classified into plant manager software, line controller software, bundle tracking software, and others. The hardware systems segment is anticipated to dominate the market during the forecast period. The printing & marking solutions segment fostered the growth of the market among hardware systems in 2019 as this system assists in the production and supply chain to ensure product quality and authenticity.
By technology, the market is classified into barcode and radio-frequency identification (RFID). Barcoding is a common and cost-effective method implemented to facilitate item and case-level tracing, thereby assisting in the dominance of the barcode segment in 2019.
By application, the market is bifurcated into serialization solutions and aggregation solutions. The serialization solutions segment has been further divided into bottle serialization, label serialization, carton serialization, and data matrix serialization.
The aggregation solutions segment is sub-segmented into bundle aggregation, case aggregation, and pallet aggregation. The serialization solutions segment held the dominant revenue share in the track and trace solutions market as of 2019 due to the increasing focus of regulatory bodies on implementation of serialization.
On the basis of end user, the market is classified into pharmaceutical & biotechnology companies, medical device companies, and others. The pharmaceutical & biotechnology companies segment held the largest revenue share in 2019 and is expected to maintain its status quo over the study period. This is due to surge in number of counterfeit drugs, especially in the developing countries coupled with the presence of stringent regulations for the pharmaceutical and biotechnology industry.
Region wise, the track and trace solutions market analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North America market had witnessed supremacy in terms of revenue among other regions in 2019 due to the presence of highly regulated serialization and aggregation standards, advanced healthcare infrastructure as well as the existence of key market participants, namely, METTLER TOLEDO International Inc., TraceLink Inc., Zebra Technologies Corporation, and OPTEL GROUP.
On the other hand, the market in Asia-Pacific is expected to register the highest CAGR in terms of revenue during the forecast period owing to implementation of regulations to enhance the quality and reliability of pharmaceutical drugs, development of the pharmaceutical and biotechnology market, and increase in pressure to curtail high incidence of counterfeit drugs in the developing Asian countries such as India and China.
The market players are adopting growth strategies such as product launches, mergers and acquisitions (M&As), product developments, and partnerships and collaborations in order to gain competitive advantage.
The key players operating in the market are METTLER TOLEDO International Inc., Axway Software SA, TraceLink Inc., OPTEL GROUP, Adents International, Siemens AG, Seidenader Vision GmbH, Zebra Technologies Corporation, Robert Bosch GmbH, and Uhlmann Group. For instance, in May 2019, OPTEL GROUP collaborated with Nelipak Healthcare Packaging to improve the seal inspection technology and expand its market penetration by speeding up logistics activities.
Key Findings Of The Study
On the basis of product type, the hardware systems segment was the highest contributor to the track and trace solutions market in 2019
On the basis of technology, the RFID segment is anticipated to register the fastest track and trace solutions market growth over the forecast period
On the basis of application, the serialization solutions segment spearheaded the market among other applications
On the basis of end user, the pharmaceutical & biotechnology companies segment dominated the track and trace solutions market in 2019, and is expected to continue this trend during forecast period with a CAGR of 15.1%
On the basis of region, North America accounted for the largest revenue share in 2019; while Asia-Pacific is anticipated to grow at the highest CAGR of 16.2% during the forecast period
Key Segments Studied in the Global Track and Trace Solutions Market
|Professional Key players: The key players operating in the global track and trace solutions market include METTLER TOLEDO International Inc., Axway Software SA, TraceLink Inc., OPTEL GROUP, Adents International, Siemens AG, Seidenader Vision GmbH, Zebra Technologies Corporation, Robert Bosch GmbH, and Uhlmann Group.|
|Track and Trace Solutions Market by Product Type (Hardware Systems and Software Solutions), Technology (Barcode and RFID), Application (Serialization Solutions and Aggregation Solutions), and End User (Pharmaceutical & Biotechnology Companies, Medical Device Companies, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027|
Regional Scope: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Product Types, Applications, End-Users, Regions, Top Companies and more.
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
|covid-19 scenario||Market Behavior/ Level of Risk and Opportunity||End Industry Behavior/ Opportunity Assessment||Expected Industry Recovery Timeline||Business Impact Horizon|
|Opening of Economy by Q3 2020||xx||xx||xx||xx|
|Recovery – Opening of Economy extended till Q4 2020 / Q1 2021||xx||xx||xx||xx|
Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects:
The research includes the key strategic activities such as R&D plans, M&A completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale.
Key Market Features in COVID-19 Outbreak:
The report highlights market features, including revenue, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, supply & demand, cost bench-marking, market share, CAGR, and gross margin.
Market Highlights & Approach
The report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
Q.1 What are some of the most promising potential, high growth opportunities for the global market by application, by product, by end user and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster speed and why?
Q.3 Which regions will grow at a faster speed and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats of market?
Q.6 What are emerging trends in market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the leading players in market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this market?
Q.11 What M & A activities have taken place in the last five years in this market?
The Study Explore COVID 19 Outbreak Impact Analysis
- What should be entry strategies, countermeasures to economic impact, and marketing channels?
- What are market dynamics?
- What are challenges and opportunities?
- What is economic impact on market?
- What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
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Key Points Covered in Track and Trace Solutions Market Report:
Chapter 1 COVID-19 Outbreak-Global Track and Trace Solutions Market Business Overview
Chapter 2 Major Breakdown by Type
Chapter 3 Major Application Wise Breakdown (Revenue & Volume)
Chapter 4 Manufacture Market Breakdown
Chapter 5 Sales & Estimates Market Study
Chapter 6 Key Manufacturers Production and Sales Market Comparison Breakdown
Chapter 8 Manufacturers, Deals and Closings Market Evaluation & Aggressiveness
Chapter 9 Key Companies Breakdown by Overall Market Size & Revenue by Type
Chapter 11 Business / Industry Chain (Value & Supply Chain Analysis)
Chapter 12 Conclusions & Appendix
……..and view more in complete table of Contents
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