(PharmaNewsWire.Com, July 10, 2018 ) Tracking and tracing solutions provides detailed information about cross-border shipments. Tracking solutions are used for monitoring the specific objects or products from across the globe. The Tracking and tracing solutions comprises label with every commercial unit with a code that includes a serial number, and a tamper-evident seal (if desired) with product. Solutions used for track and trace are vital in the medical devices industry as they provide accurate location of devices at the present and previously.
The increasing focus of manufacturers on brand protection, rising growth in the pharmaceutical industries and medical devices and stringent regulations & standards for the implementation of serialization are the few factors which are expected to drive the market for track and trace solutions market. The growing number of manufacturing facilities in developing regions and technological advancements challenges likely to add new opportunities for this market in the forecast period.
The "Global Track and Trace Solutions Market Analysis to 2025" is a specialized and in-depth study of the RFID and Barcode/2D matrix technology with a focused global market trend. The report aims to provide an overview of global track and trace solutions market with detailed market segmentation by type, technology, application, end user, and geography. The global track and trace solutions market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The track and trace solutions market is classified by component which comprises hardware and software. The hardware segment is further classified as RFID readers, barcode scanners, checkweighers, printing and marking, monitoring and verification and labeling. The software segment is further segmented into plant manager, line controller, enterprise and network manager, bundle tracking, case tracking, warehouse and shipment manager and pallet tracking. The track and trace market by technology can be categorized into RFID (Radio-frequency identification), barcode/2D matrix and linear/1D barcodes. Based on the application, the market can be categorized into serialization solutions and aggregation solutions. The serialization solutions segment is further divided into bottle serialization, blister serialization, vials and ampoules serialization, carton serialization and medical device serialization. By aggregation solution segment, the track and trace solution market is classified as case aggregation, pallet aggregation and bundle aggregation. The market based on the end user is segmented as pharmaceutical industry, medical devices, and other.
The report provides a detailed overview on the industry including both qualitative and quantitative information. It provides overview and forecast of the global track and trace solutions market based on component, technology, application and end user. It also provides market size and forecast till 2025 for overall track and trace solutions market with respect to five major regions, namely; North America, Europe, Asia-Pacific, Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 countries globally along with current trend and opportunities prevailing in the region.
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