30.09.2016, 17:05
Track and Trace Solutions Market by Type, Technology, End User
OREANDA-NEWS. MarketsandMarkets Offers Report by Research on Track and Trace Solutions Market by Type (Barcode Scanner, Plant Manager, Labeling, Monitoring & Verification), Technology (1D & 2D Barcode, RFID), Application (Serialization, Aggregation), End User (Pharmaceutical, Cosmetics) - Global Forecast to 2021.
The global healthcare track and trace solutions market is estimated to reach USD 2.81 Billion by 2021, at a CAGR of 17.3% during the forecast period. The increasing focus of manufacturers on brand protection and growth in number of packaging-related product recalls are driving market growth. The rising number of manufacturing facilities in developing regions presents significant growth opportunities for players in the market. However, the high cost associated with the implementation of serialization and aggregation solutions is a major restraint for this market.
In this report, the market is segmented on the basis of product type, technology, application, end user, and region. The research report discusses key market drivers, restraints, opportunities, and challenges in the global healthcare track and trace solutions market and its submarkets. Based on product type, the market is segmented into hardware systems and software solutions. The software solutions segment accounted for the largest share of the market in 2015; it is expected to grow at the highest CAGR during the forecast period. Rising awareness about counterfeit detection technologies and secure packaging are driving the growth of this segment.
Based on end user, the healthcare track and trace solutions market is segmented into pharmaceutical & biopharmaceutical companies, medical device companies, cosmetic industry, and other end users (blood banks and clinical & research laboratories). The pharmaceutical & biopharmaceutical companies segment accounted for the largest share of the healthcare track and trace solutions market in 2015. The large share of this segment can be attributed to the growing emphasis on anti-counterfeit technologies.
In this report, the global healthcare track and trace solutions market has been studied at the regional and country levels. In 2015, North America represented the largest regional market, followed by Europe. While North America will continue to dominate the market during the forecast period, the Asia-Pacific region is expected to register the highest growth. The growth of this regional segment is driven by the improving healthcare infrastructure, significant economic development in emerging markets, and rising focus of key market players on this region.
The major players in the global healthcare track and trace solutions 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).
The global healthcare track and trace solutions market is estimated to reach USD 2.81 Billion by 2021, at a CAGR of 17.3% during the forecast period. The increasing focus of manufacturers on brand protection and growth in number of packaging-related product recalls are driving market growth. The rising number of manufacturing facilities in developing regions presents significant growth opportunities for players in the market. However, the high cost associated with the implementation of serialization and aggregation solutions is a major restraint for this market.
In this report, the market is segmented on the basis of product type, technology, application, end user, and region. The research report discusses key market drivers, restraints, opportunities, and challenges in the global healthcare track and trace solutions market and its submarkets. Based on product type, the market is segmented into hardware systems and software solutions. The software solutions segment accounted for the largest share of the market in 2015; it is expected to grow at the highest CAGR during the forecast period. Rising awareness about counterfeit detection technologies and secure packaging are driving the growth of this segment.
Based on end user, the healthcare track and trace solutions market is segmented into pharmaceutical & biopharmaceutical companies, medical device companies, cosmetic industry, and other end users (blood banks and clinical & research laboratories). The pharmaceutical & biopharmaceutical companies segment accounted for the largest share of the healthcare track and trace solutions market in 2015. The large share of this segment can be attributed to the growing emphasis on anti-counterfeit technologies.
In this report, the global healthcare track and trace solutions market has been studied at the regional and country levels. In 2015, North America represented the largest regional market, followed by Europe. While North America will continue to dominate the market during the forecast period, the Asia-Pacific region is expected to register the highest growth. The growth of this regional segment is driven by the improving healthcare infrastructure, significant economic development in emerging markets, and rising focus of key market players on this region.
The major players in the global healthcare track and trace solutions 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).
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