Global Track and Trace Solutions Market Overview
According to SPER Market Research, the Global Track and Trace Solutions Market is estimated to reach USD 14.67 billion by 2032 with a CAGR of 11.82%.
Aspects such as increasing adoption of track and trace solutions to solve the problem of counterfeit drugs by pharmaceutical and medical device manufacturers, organized regulatory frameworks and practices, the global track and trace solutions market will grow during the estimated period. The number of standards increases significantly. These impacts are boosting the growth of the track and trace solutions market, but high installation costs associated with aggregation and serialization solutions significantly hinder the market growth.
Impact of COVID-19 on the Global Track and Trace Solutions Market
Covid-19 is a viral infection that has been declared a global pandemic. The virus has highlighted the importance of product tracking and tracing. The result is a supply chain that helps minimize costs for pharmaceutical companies and reduce counterfeiting, black market trading and stockpiles of masks, gloves, thermometers and sanitizers of all kinds.In addition, increasing development, manufacturing and packaging of pharmaceuticals is expected to drive the adoption of track and trace solutions during this period. Additionally, players operating in the medical device market are changing their long-term and short-term growth strategies by entering the critical care device market and developing innovative products to combat the pandemic.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product, By Technology, By Application, By End-User |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | ACG Worldwide, Antares Vision S.p.A., Axway, Mettler-Toledo International Inc., Optel Vision Inc.Robert Bosch GmbH, SeidenaderMaschinenbau GmbH (Körber AG), Siemens AG, Sys-Tech Solutions Inc. (Dover Corporation), TraceLink Inc., Uhlmann Group, Zebra Technologies Corporation |
Key Audience- Healthcare Industry
Global Track and Trace Solutions Market Segmentation:
1. By Product:
- Hardware Systems
- Printing & Marking Solutions
- Monitoring & Verification Solutions
- Labelling Solutions
- Software Solutions
- Software Solutions Market
- Line Controller Software
- Bundle Tracking Software
2. By Technology:
3. By Application:
- Serialization Solutions
- Bottle Serialization
- Label Serialization
- Carton Serialization
- Data Matrix Serialization
- Aggregation Solutions
- Case Aggregation
- Bundle Aggregation
- Pallet Aggregation
4. By End-User:
- Pharmaceutical Companies
- Medical Device Companies
- Healthcare Others
- Food And Beverage
- Consumer Packaged Goods
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- South America
Key Topics Covered in the Report:- Size of Global Track and Trace Solutions Market(FY’2019-FY’2032)
- Overview of Global Track and Trace Solutions Market
- Segmentation of Global Track and Trace Solutions Market By Product(Hardware Systems,Software Solutions)
- Segmentation of Global Track and Trace Solutions Market By Technology(RFID, Barcode)
- Segmentation of Global Track and Trace Solutions Market By Application(Serialization Solutions,Aggregation Solutions)
- Segmentation of Global Track and Trace Solutions Market By End-User(Pharmaceutical Companies, Medical Device Companies, Healthcare Others, Food And Beverage, Consumer Packaged Goods)
- Statistical Snap of Global Track and Trace Solutions Market
- Growth Analysis of Global Track and Trace Solutions Market
- Problems and Challenges in Global Track and Trace Solutions Market
- Competitive Landscape in the Global Track and Trace Solutions Market
- Impact of COVID-19 and Demonetizationon Global Track and Trace Solutions Market
- Details on Recent Investment in Global Track and Trace Solutions Market
- Competitive Analysis of Global Track and Trace Solutions Market
- Major Players in the Global Track and Trace Solutions Market
- SWOT Analysis of Global Track and Trace Solutions Market
- Global Track and Trace Solutions Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Track and Trace Solutions Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL analysis
5.2.1. Political landscape
5.2.2. Economic landscape
5.2.3. Social landscape
5.2.4. Technological landscape
5.2.5. Environmental landscape
5.2.6. Legal landscape
5.3. PORTER’S five forces analysis
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of Buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Track and Trace Solutions Market Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Track and Trace Solutions Market
7. Global Track and Trace Solutions Market, By Product, 2019-2032 (USD Million)
7.1 Hardware Systems
7.1.1 Printing & Marking Solutions
7.1.2 Monitoring & Verification Solutions
7.1.3 Labelling Solutions
7.2 Software Solutions
7.2.1 Software Solutions Market
7.2.2 Line Controller Software
7.2.3 Bundle Tracking Software
8. Global Track and Trace Solutions Market, By Technology, 2019-2032 (USD Million)
8.1 RFID
8.2 Barcode
10. Global Track and Trace Solutions Market, By Application, 2019-2032 (USD Million)
10.1. Serialization Solutions
10.1.1. Bottle Serialization
10.1.2. Label Serialization
10.1.3. Carton Serialization
10.1.4. Data Matrix Serialization
10.2. Aggregation Solutions
10.3. Case Aggregation
10.4. Bundle Aggregation
10.5. Pallet Aggregation
11. Global Track and Trace Solutions Market, By End-User, 2019-2032 (USD Million)
11.1. Pharmaceutical Companies
11.2. Medical Device Companies
11.3. Healthcare Others
11.4. Food And Beverage
11.5. Consumer Packaged Goods
12. Global Track and Trace Solutions Market, By Region, 2019-2032 (USD Million)
12.1. Global Track and Trace Solutions Market Size and Market Share by Region (2019-2025)
12.2. Global Track and Trace Solutions Market Size and Market Share by Region (2026-2032)
12.3. Asia-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East & Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. South America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of South America
13. Company Profiles
13.1. ACG Worldwide
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Antares Vision S.p.A.
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Axway
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Mettler-Toledo International Inc.
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Optel Vision Inc.
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Robert Bosch GmbH
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Seidenader Maschinenbau GmbH (Körber AG)
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Siemens AG
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Sys-Tech Solutions Inc. (Dover Corporation)
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. TraceLink Inc.
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Uhlmann Group
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. Zebra Technologies Corporation
13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope