Track And Trace Solutions Market By Product, Technology, Application And End User - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Healthcare IT Report Code : HC06964
Industry Outlook and Trend Analysis
The Track and Trace Solutions Market was worth USD 0.93 billion in 2017 and is expected to reach approximately USD 4.43 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 18.89% during the forecast period. Solutions utilized for track and follow are crucial in the therapeutic gadgets industry as they give precise area of gadgets at the present and beforehand. Medical Devices experience a long and monotonous trip from the assembling units to different end utilize settings. The utilization of track and follow arrangements has been quintessential in the dissemination and coordination’s of different medical device hardware.
Drivers & Restrains
Raising concentration brought upon by makers of medical devices and pharmaceuticals, positive government controls for serialization execution, combined with undiscovered market openings in rising nations are a portion of the key components driving business sector development in the business. The main disadvantage related with the usage of track and trace solution is the surprising expense related with these items and gadgets which may hamper market development.
Regional Outlook and Trend Analysis
North America is the prevalent territorial division and represented the biggest income share in 2017, fundamentally because of essence of exceptionally controlled serialization and total principles, and additionally propelled social insurance foundation. North America district incorporates the U.S. also, Canada. North America represented an expansive offer of the worldwide track and traces solutions market attributable to nearness of very controlled serialization and accumulation guidelines, and in addition propelled medicinal services framework.
Competitive Insights
The leading players in the market are Seidenader Maschinenbau GmbH, Optel Vision, Adents International, Axway, Siemens AG and others. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Track and Trace Solutions Market is segmented as follows-
By Product:
- Hardware Systems
- Software Solutions
- Other Products
By Technology:
- Barcode
- RFID
By Application:
- Serialization solutions
- Aggregation Solutions
By End User:
- Pharmaceutical companies
- Medical device companies
- Other End Users
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Columbia
- South Africa
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of MEA
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Track and Trace Solutions Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
· Hardware Systems
· Software Solutions
· Track and Trace Solutions Market, By Technology, Estimates and Forecast, 2014-2023 ($Million)
· Barcode
· RFID
· Track and Trace Solutions Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
· Serialization solutions
· Aggregation Solutions
· Track and Trace Solutions Market, By End User, Estimates and Forecast, 2014-2023 ($Million)
· Pharmaceutical companies
· Medical device companies
· Other End Users
· Track and Trace Solutions Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
o North America
§ North America Track and Trace Solutions Market, By Country
o U.S. Track and Trace Solutions Market
o Canada Track and Trace Solutions Market
o Mexico Track and Trace Solutions Market
o Europe
§ Europe Track and Trace Solutions Market, By Country
o Germany Track and Trace Solutions Market
o UK Track and Trace Solutions Market
o France Track and Trace Solutions Market
o Russia Track and Trace Solutions Market
o Italy Track and Trace Solutions Market
o Rest of Europe Track and Trace Solutions Market
o Asia-Pacific
§ Asia-Pacific Track and Trace Solutions Market, By Country
o China Track and Trace Solutions Market
o Japan Track and Trace Solutions Market
o South Korea Track and Trace Solutions Market
o India Track and Trace Solutions Market
o Southeast Asia Track and Trace Solutions Market
o Rest of Asia-Pacific Track and Trace Solutions Market
o South America
§ South America Track and Trace Solutions Market
o Brazil Track and Trace Solutions Market
o Argentina Track and Trace Solutions Market
o Columbia Track and Trace Solutions Market
o South Africa Track and Trace Solutions Market
o Rest of South America Track and Trace Solutions Market
o Middle East and Africa
§ Middle East and Africa Track and Trace Solutions Market
o Saudi Arabia Track and Trace Solutions Market
o UAE Track and Trace Solutions Market
o Egypt Track and Trace Solutions Market
o Nigeria Track and Trace Solutions Market
o South Africa Track and Trace Solutions Market
o Rest of MEA Track and Trace Solutions Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Track and Trace Solutions Market, By Product
5.1. Introduction
5.2. Global Track and Trace Solutions Revenue and Market Share by Product (2017-2027)
5.2.1. Global Track and Trace Solutions Revenue and Revenue Share by Product (2017-2027)
5.3. Hardware Systems
5.3.1. Global Hardware Systems Revenue and Growth Rate (2017-2027)
5.4. Software Solutions
5.4.1. Global Software Solutions Revenue and Growth Rate (2017-2027)
6. Track and Trace Solutions Market, By Application
6.1. Introduction
6.2. Global Track and Trace Solutions Revenue and Market Share by Application (2017-2027)
6.2.1. Global Track and Trace Solutions Revenue and Revenue Share by Application (2017-2027)
6.3. Serialization solutions
6.3.1. Global Serialization solutions Revenue and Growth Rate (2017-2027)
6.4. Aggregation Solutions
6.4.1. Global Aggregation Solutions Revenue and Growth Rate (2017-2027)
7. Track and Trace Solutions Market, By Technology
7.1. Introduction
7.2. Global Track and Trace Solutions Revenue and Market Share by Technology (2017-2027)
7.2.1. Global Track and Trace Solutions Revenue and Revenue Share by Technology (2017-2027)
7.3. Barcode
7.3.1. Global Barcode Revenue and Growth Rate (2017-2027)
7.4. RFID
7.4.1. Global RFID Revenue and Growth Rate (2017-2027)
8. Track and Trace Solutions Market, By End User
8.1. Introduction
8.2. Global Track and Trace Solutions Revenue and Market Share by End User (2017-2027)
8.2.1. Global Track and Trace Solutions Revenue and Revenue Share by End User (2017-2027)
8.3. Pharmaceutical companies
8.3.1. Global Pharmaceutical companies Revenue and Growth Rate (2017-2027)
8.4. Medical device companies
8.4.1. Global Medical device companies Revenue and Growth Rate (2017-2027)
8.5. Other End Users
8.5.1. Global Other End Users Revenue and Growth Rate (2017-2027)
9. Track and Trace Solutions Market, By Region
9.1. Introduction
9.2. Global Track and Trace Solutions Revenue and Market Share by Regions
9.2.1. Global Track and Trace Solutions Revenue by Regions (2017-2027)
9.3. North America Track and Trace Solutions by Countries
9.3.1. North America Track and Trace Solutions Revenue and Growth Rate (2017-2027)
9.3.2. North America Track and Trace Solutions Revenue by Countries (2017-2027)
9.3.3. North America Track and Trace Solutions Revenue (Million USD) by Countries (2017-2027)
9.3.4. U.S.
9.3.4.1. United States Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.3.5. Canada
9.3.5.1. Canada Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.3.6. Mexico
9.3.6.1. Mexico Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.4. Europe Track and Trace Solutions by Countries
9.4.1. Europe Track and Trace Solutions Revenue and Growth Rate (2017-2027)
9.4.2. Europe Track and Trace Solutions Revenue by Countries (2017-2027)
9.4.3. Europe Track and Trace Solutions Revenue (Million USD) by Countries (2017-2027)
9.4.4. Germany
9.4.4.1. Germany Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.4.5. UK
9.4.5.1. UK Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.4.6. France
9.4.6.1. France Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.4.7. Russia
9.4.7.1. Russia Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.4.8. Italy
9.4.8.1. Italy Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.4.9. Rest of Europe
9.4.9.1. Rest of Europe Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.5. Asia-Pacific
9.5.1. Asia-Pacific Track and Trace Solutions Revenue and Growth Rate (2017-2027)
9.5.2. Asia-Pacific Track and Trace Solutions Revenue by Countries (2017-2027)
9.5.3. Asia-Pacific Track and Trace Solutions Revenue (Million USD) by Countries (2017-2027)
9.5.4. China
9.5.4.1. China Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.5.5. Japan
9.5.5.1. Japan Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.5.5.2.
9.5.6. Korea
9.5.6.1. Korea Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.5.7. India
9.5.7.1. India Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.5.8. Southeast Asia
9.5.8.1. Southeast Asia Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.5.9. Rest of Asia-Pacific
9.5.9.1. Rest of Asia-Pacific Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.6. South America
9.6.1. South America Track and Trace Solutions Revenue and Growth Rate (2017-2027)
9.6.2. South America Track and Trace Solutions Revenue by Countries (2017-2027)
9.6.3. South America Track and Trace Solutions Revenue (Million USD) by Countries (2017-2027)
9.6.4. Brazil
9.6.4.1. Brazil Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.6.5. Argentina
9.6.5.1. Argentina Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.6.6. Columbia
9.6.6.1. Columbia Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.6.7. Rest of South America
9.6.7.1. Rest of South America Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.7. Middle East and Africa
9.7.1. Middle East and Africa Track and Trace Solutions Revenue and Growth Rate (2017-2027)
9.7.2. Middle East and Africa Track and Trace Solutions Revenue by Countries (2017-2027)
9.7.3. Middle East and Africa Track and Trace Solutions Revenue (Million USD) by Countries (2017-2027)
9.7.4. Saudi Arabia
9.7.4.1. Saudi Arabia Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.7.5. United Arab Emirates
9.7.5.1. United Arab Emirates Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.7.6. Egypt
9.7.6.1. Egypt Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.7.7. Nigeria
9.7.7.1. Nigeria Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.7.8. South Africa
9.7.8.1. South Africa Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
9.7.9. Rest of Middle East and Africa
9.7.9.1. Rest of Middle East and Africa Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2017-2027)
10. Company Profiles
10.1. Axway
10.1.1. Business Overview
10.1.2. Product Portfolio
10.1.3. Strategic Developments
10.1.4. Revenue and Market Share
10.2. Mettler-Toledo International, Inc.
10.2.1. Business Overview
10.2.2. Product Portfolio
10.2.3. Strategic Developments
10.2.4. Revenue and Market Share
10.3. Optel Vision
10.3.1. Business Overview
10.3.2. Product Portfolio
10.3.3. Strategic Developments
10.3.4. Revenue and Market Share
10.4. TraceLink, Inc.
10.4.1. Business Overview
10.4.2. Product Portfolio
10.4.3. Strategic Developments
10.4.4. Revenue and Market Share
10.5. Adents International
10.5.1. Business Overview
10.5.2. Product Portfolio
10.5.3. Strategic Developments
10.5.4. Revenue and Market Share
10.6. Antares Vision srl
10.6.1. Business Overview
10.6.2. Product Portfolio
10.6.3. Strategic Developments
10.6.4. Revenue and Market Share
10.7. Siemens AG
10.7.1. Business Overview
10.7.2. Product Portfolio
10.7.3. Strategic Developments
10.7.4. Revenue and Market Share
10.8. Seidenader Maschinenbau GmbH
10.8.1. Business Overview
10.8.2. Product Portfolio
10.8.3. Strategic Developments
10.8.4. Revenue and Market Share
10.9. ACG Worldwide
10.9.1. Business Overview
10.9.2. Product Portfolio
10.9.3. Strategic Developments
10.9.4. Revenue and Market Share
10.10.Systech, Inc.
10.10.1. Business Overview
10.10.2. Product Portfolio
10.10.3. Strategic Developments
10.10.4. Revenue and Market Share
11. Global Track and Trace Solutions Market Competition, by Manufacturer
11.1. Global Track and Trace Solutions Revenue and Market Share by Manufacturer (2017-2017)
11.2. Global Track and Trace Solutions Price by Region (2017-2017)
11.3. Top 5 Track and Trace Solutions Manufacturer Market Share
11.4. Market Competition Trend
12. Track and Trace Solutions Market Forecast (2027-2023)
12.1. Global Track and Trace Solutions Revenue (Millions USD) and Growth Rate (2027-2023)
12.2. Track and Trace Solutions Market Forecast by Regions (2027-2023)
12.2.1. North America Track and Trace Solutions Market Forecast (2027-2023)
12.2.1.1. United States Track and Trace Solutions Market Forecast (2027-2023)
12.2.1.2. Canada Track and Trace Solutions Market Forecast (2027-2023)
12.2.1.3. Mexico Track and Trace Solutions Market Forecast (2027-2023)
12.2.2. Europe Track and Trace Solutions Market Forecast (2027-2023)
12.2.2.1. Germany Track and Trace Solutions Market Forecast (2027-2023)
12.2.2.2. United Kingdom Track and Trace Solutions Market Forecast (2027-2023)
12.2.2.3. France Track and Trace Solutions Market Forecast (2027-2023)
12.2.2.4. Russia Track and Trace Solutions Market Forecast (2027-2023)
12.2.2.5. Italy Track and Trace Solutions Market Forecast (2027-2023)
12.2.2.6. Rest of the Europe Track and Trace Solutions Market Forecast (2027-2023)
12.2.3. Asia-Pacific Track and Trace Solutions Market Forecast (2027-2023)
12.2.3.1. China Track and Trace Solutions Market Forecast (2027-2023)
12.2.3.2. Japan Track and Trace Solutions Market Forecast (2027-2023)
12.2.3.3. Korea Track and Trace Solutions Market Forecast (2027-2023)
12.2.3.4. India Track and Trace Solutions Market Forecast (2027-2023)
12.2.3.5. Southeast Asia Track and Trace Solutions Market Forecast (2027-2023)
12.2.3.6. Rest of Asia-Pacific Track and Trace Solutions Market Forecast (2027-2023)
12.2.4. South America Track and Trace Solutions Market Forecast (2027-2023)
12.2.4.1. Brazil Track and Trace Solutions Market Forecast (2027-2023)
12.2.4.2. Argentina Track and Trace Solutions Market Forecast (2027-2023)
12.2.4.3. Columbia Track and Trace Solutions Market Forecast (2027-2023)
12.2.4.4. Rest of South America Track and Trace Solutions Market Forecast (2027-2023)
12.2.5. Middle East and Africa Track and Trace Solutions Market Forecast (2027-2023)
12.2.5.1. Saudi Arabia Track and Trace Solutions Market Forecast (2027-2023)
12.2.5.2. UAE Track and Trace Solutions Market Forecast (2027-2023)
12.2.5.3. Egypt Track and Trace Solutions Market Forecast (2027-2023)
12.2.5.4. Nigeria Track and Trace Solutions Market Forecast (2027-2023)
12.2.5.5. South Africa Track and Trace Solutions Market Forecast (2027-2023)
12.2.5.6. Rest of MEA Track and Trace Solutions Market Forecast (2027-2023)
12.3. Track and Trace Solutions Market Forecast by Product (2027-2023)
12.3.1. Global Track and Trace Solutions Revenue Forecast by Product (2027-2023)
12.3.2. Global Track and Trace Solutions Revenue Market Share Forecast by Product (2027-2023)
12.4. Track and Trace Solutions Market Forecast by Application (2027-2023)
12.4.1. Global Track and Trace Solutions Revenue Forecast by Application (2027-2023)
12.4.2. Global Track and Trace Solutions Revenue Market Share Forecast by Application (2027-2023)
12.5. Track and Trace Solutions Market Forecast by Technology (2027-2023)
12.5.1. Global Track and Trace Solutions Revenue Forecast by Technology (2027-2023)
12.5.2. Global Track and Trace Solutions Revenue Market Share Forecast by Technology (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Track and Trace Solutions Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
|
Data Collection Matrix |
Supply Side |
Demand Side |
|
Primary Data Sources |
|
|
|
Secondary Data Sources |
|
|
Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
|
Qualitative Data |
Quantitative Data (2017-2025) |
|
|