Track and Trace Solutions Market, by Product Type, Technology, Application | Industry Forecast, 2020–2027

 

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.

According to a new report published by Allied Market Research, titled, “Track and Trace SolutionsMarket, 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.

Region wise, the track and trace solutions market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The market in Asia-Pacific is expected to register lucrative growth over 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 curb high incidence of counterfeit drugs in the developing Asian countries such as China and India.

List of key players profiled in the report

• METTLER TOLEDO International Inc.
• Axway Software SA
• TraceLink Inc.
• OPTEL GROUP
• Adents International
• Siemens AG
• Seidenader Vision GmbH
• Zebra Technologies Corporation
• Robert Bosch GmbH
• Uhlmann Group

Key Benefits For Stakeholders

• The study provides an in-depth analysis of the global track and trace solutions market size along with the current trends and future estimations to elucidate the imminent investment pockets
• It offers track and trace solutions market analysis from 2020 to 2027, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market
• A comprehensive analysis on region assists to understand the regional market and facilitate the strategic business planning and determine prevailing opportunities
• The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global track and trace solutions market growth