DUBLIN--(BUSINESS WIRE)--Aug 17, 2018--The “Track and Trace Solutions - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the Global Track and Trace Solutions market accounted for $1.35 billion in 2017 and is expected to reach $6.60 billion by 2026 growing at a CAGR of 19.3% during the forecast period.
Increasing focus of manufacturers on brand protection, growth in the medical devices & pharmaceutical industries and rising number of packaging related product recalls are some key factors driving the market growth. However, high cost associated with serialization and aggregation is restraining the market growth.
Amongst technology, Radiofrequency Identification (RFID) segment is likely to witness significant market share over the forecast period. RFID in healthcare track and trace is growing at fast pace due to the increasing need for smart packaging in this sector. RFID technology delivers an immediate way to retrieve product information, track products in the supply chain, and offers assistance in order to avoid unnecessary costs associated with counterfeiting or theft of products.
By geography, Asia Pacific held largest market share during the forecast period due to high occurrence of counterfeit drugs in the emerging countries like China & India. In addition, manufacturers are increasingly focusing on strengthening their presence in emerging APAC countries.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Track and Trace Solutions Market, By Type
6 Global Track and Trace Solutions Market, By Technology
7 Global Track and Trace Solutions Market, By Application
8 Global Track and Trace Solutions Market, By End-User
9 Global Track and Trace Solutions Market, By Geography
10 Key Developments
11 Company ProfilingXyntek Inc. ACG Worldwide Uhlmann Packaging Systems LP Sea Vision Antares Vision Siemens AG Zebra Technologies Korber Medipak Systems Adents International METTLER Toledo International Inc. Tracelink Inc. Optel Group Werum IT Solutions GmbH Systech International Axway Inc. Pester pac automation Robert Bosch GmbH Seidenader Maschinenbau GmbH Weber Marking Systems GmbH Marchesini Group S.p.A.
For more information about this report visit https://www.researchandmarkets.com/research/vqptnh/track_and_trace?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180817005147/en/
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Related Topics:RFID,Pharmaceutical Packaging
INDUSTRY KEYWORD: TECHNOLOGY SECURITY MANUFACTURING PACKAGING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 08/17/2018 07:23 AM/DISC: 08/17/2018 07:23 AM