A new market study, titled “Global Pharma Track and Trace Solutions Market 2019 by Company, Regions, Type and Application, Forecast to 2024” has been featured on WiseGuyReports.
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.
Track and trace solutions are an essential part of this strategy. Track and trace solutions identify the origins of a pharmaceutical industry product and verify its authenticity. Moreover, track and trace solutions also help combat product diversion, whereby legitimate products are diverted from one market to another, with implications for licensing obligations and distribution agreements as well as for revenues.
Scope of the Report:
In the last several years, global market of Pharma Track and Trace Solutions developed rapidly, with an average growth rate of 17%. In 2017, global revenue of Pharma Track and Trace Solutions is about 840 million USD.
The classification of Pharma Track and Trace Solutions includes Barcodes and RFID. The proportion of Barcodes in 2016 is about 72.4%, and the proportion of RFID in 2016 is about 27.6%. Barcodes technology reported largest revenue share of the track and trace solutions sector in 2017. The 2D barcode is the largest segment of barcodes technology and is expected to maintain its position throughout the study period. The increased application of 2D barcodes in pharmaceutical & biopharmaceutical product packaging is a major factor that contributed to the higher revenue share.
Pharma Track and Trace Solutions are application in Bio Pharma, Chemical Pharma and Specially Pharma. The most of Pharma Track and Trace Solutions is used in Chemical Pharma, and the market share of that is about 69.5 % in 2017.
The global Pharma Track and Trace Solutions market is valued at 840 million USD in 2018 and is expected to reach 2380 million USD by the end of 2024, growing at a CAGR of 18.9% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Pharma Track and Trace Solutions.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Pharma Track and Trace Solutions market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Pharma Track and Trace Solutions market by product type and applications/end industries.
Market Segment by Companies, this report covers
Optel Vision
Siemens
IBM
Axway
Mettler-Toledo
Systech
SAP
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Seidenader Maschinenbau
Antares Vision
Sea Vision
TraceLink
Adents International
Xyntek
Holoflex
ACG Worldwide
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Barcodes
RFID
Market Segment by Applications, can be divided into
Bio Pharma
Chemical Pharma
Specially Pharma
Table of Contents
1 Pharma Track and Trace Solutions Market Overview
2 Manufacturers Profiles
3 Global Pharma Track and Trace Solutions Market Competition, by Players
4 Global Pharma Track and Trace Solutions Market Size by Regions
5 North America Pharma Track and Trace Solutions Revenue by Countries
6 Europe Pharma Track and Trace Solutions Revenue by Countries
7 Asia-Pacific Pharma Track and Trace Solutions Revenue by Countries
8 South America Pharma Track and Trace Solutions Revenue by Countries
9 Middle East and Africa Revenue Pharma Track and Trace Solutions by Countries
10 Global Pharma Track and Trace Solutions Market Segment by Type
11 Global Pharma Track and Trace Solutions Market Segment by Application
12 Global Pharma Track and Trace Solutions Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
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