(PharmaNewsWire.Com, March 04, 2019 ) 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.
Major Key Players of the Pharma Track and Trace Solutions Market are: Optel Vision , Siemens , IBM , Axway , Mettler-Toledo , Systech , SAP , Seidenader Maschinenbau , Antares Vision , Sea Vision , TraceLink , Adents International , Xyntek , Holoflex , ACG Worldwide
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.
According to this study, over the next five years the Pharma Track and Trace Solutions market will register a 18.9% CAGR in terms of revenue, the global market size will reach US$ 2380 million by 2024, from US$ 840 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.
Major Types of Pharma Track and Trace Solutions covered are: Barcodes RFID
Major Applications of Pharma Track and Trace Solutions covered are: Bio Pharma Chemical Pharma Specially Pharma
The report is a combination of qualitative and quantitative analysis of the Pharma Track and Trace Solutions industry. It provides market estimation and forecasting of the Pharma Track and Trace Solutions market for the period of 2017 to 2025, considering 2017 as the base year and 2018-2025 as the forecast period. The global market majorly considers five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SACM). The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.
Table of Content
1 Report Overview 1.1 Study Scope 1.2 Key Market Segments 1.3 Players Covered 1.4 Market Analysis by Type 1.5 Market by Application 1.6 Study Objectives 1.7 Years Considered
2 Global Growth Trends 2.1 Pharma Track and Trace Solutions Market Size 2.2 Pharma Track and Trace Solutions Growth Trends by Regions 2.3 Industry Trends
3 Market Share by Key Players 3.1 Pharma Track and Trace Solutions Market Size by Manufacturers 3.2 Pharma Track and Trace Solutions Key Players Head office and Area Served 3.3 Key Players Pharma Track and Trace Solutions Product/Solution/Service 3.4 Date of Enter into Pharma Track and Trace Solutions Market 3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product 4.1 Global Pharma Track and Trace Solutions Sales by Product 4.2 Global Pharma Track and Trace Solutions Revenue by Product 4.3 Pharma Track and Trace Solutions Price by Product
5 Breakdown Data by End User 5.1 Overview 5.2 Global Pharma Track and Trace Solutions Breakdown Data by End User
In the end, Pharma Track and Trace Solutions industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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