Pharma Track and Trace Solutions Market report is predicted to gain better growth in coming years 2019 to 2024. This Pharma Track and Trace Solutions market report provides extensive analysis of top-vendors, regional development, progressive trends, and countless growth statistics of Pharma Track and Trace Solutions market. Additionally, emerging opportunities and revenue forecast (2019-2024) allows easy decision-making for all readers worldwide.
About Pharma Track and Trace Solutions
Track and trace solutions are not just economic measures for supply-chain efficiency. Experts estimate that 5% of all drugs sold worldwide are counterfeits – in some countries, figures even reach a shocking 50 %. Billions of products are “lost in the supply chain” every year. Counterfeit drugs and product diversion risk lives, undermine revenues, and threaten company reputations. The pharmaceutical industry needs to ensure supply-chain security and gain the ability to authenticate the ePedigree, or life history, of a product.
North America is the largest consumption place, with a consumption market share nearly 42.4% in 2017, primarily due to presence of highly regulated serialization & aggregation standards, as well as advanced healthcare infrastructure. Automatic identification technologies including barcoding and RFID are recommended to pharmaceuticals and other healthcare companies by the FDA. Furthermore, the presence of highly developed healthcare infrastructure and adoption of this technology in the U.S. is expected to drive the market growth. Following North America, EU is the second largest consumption place with the consumption market share of 37.4% in 2017.
Covered in this report
According to this study, over the next five years the Pharma Track and Trace Solutions market will register a 19.0% CAGR in terms of revenue, the global market size will reach US$ 2380 million by 2024, from US$ 1000 million in 2019. In particular, this report presents the global revenue market share of key companies in Pharma Track and Trace Solutions business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Pharma Track and Trace Solutions market by product type, application, key companies and key regions.
This study considers the Pharma Track and Trace Solutions value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
- Barcodes
- RFID
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
- Bio Pharma
- Chemical Pharma
- Specially Pharma
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
- Optel Vision
- Siemens
- IBM
- Axway
- Mettler-Toledo
- Systech
- SAP
- Seidenader Maschinenbau
- Antares Vision
- Sea Vision
- TraceLink
- Adents International
- Xyntek
- Holoflex
- ACG Worldwide
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Key Topics Covered:
1 Scope of the Report
2 Executive Summary
3 Global Pharma Track and Trace Solutions by Players
4 Pharma Track and Trace Solutions by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
11 Global Pharma Track and Trace Solutions Market Forecast
12 Key Players Analysis
13 Research Findings and Conclusion
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