Market Overview:
The global pharmaceutical traceability market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for counterfeit-proof drugs and rising number of recalls and product safety issues. The global pharmaceutical traceability market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into barcode, radio frequency identification (RFID), and global positioning system (GPS). The barcode segment dominates the global pharmaceutical traceability market owing to its low cost and easy implementation as compared to other technologies. However, RFID technology is expected to grow at a higher CAGR during the forecast period as it offers several advantages over barcodes such as high read rates even in difficult environments, longer read distances than barcodes, etc. On the basis of application,the market is divided into pharmaceutical factory, pharmacy,, hospital,,and other applications such as research laboratories,. Pharmaceutical factories are expectedto hold a major share in terms of revenue due to increasing investments by players in this sector across different regions.
Product Definition:
The definition of Pharmaceutical Traceability is the ability to track the movement of pharmaceutical products and ingredients throughout the supply chain. The importance of Pharmaceutical Traceability is that it ensures product safety by helping to identify and investigate potential problems.
Barcode:
Barcode is a machine-readable code, usually in the form of a matrix, used for identifying products and tracking items throughout the supply chain. Barcodes are read by special scanners called barcode readers. The increasing use of barcode technology in pharmaceutical traceability can be attributed to its benefits such as high speed, accuracy (in case of optical or laser scanning), reliability on account of being machine-based and easy for humans to read & understand.
Radio Frequency Identification (RFID):
Radio frequency identification (RFID) is a technology that enables the tracking and tracing of pharmaceutical products through inventory and supply chain. It uses electromagnetic radio-frequency to transfer data from one location to another without using any wires. The RFID tags are attached to the product or shipment for tracking purposes in real-time.
Application Insights:
The pharmaceutical factory application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The growing need for quality control of manufacturing process, products, and assets is driving this segment. Pharmaceutical factories are responsible for producing tablets, capsules, liquids & solids preparations of different drugs. These facilities also have a huge impact on overall industry growth as they offer various services such as filling/compounding new drug formulations or customizing existing drugs according to client specifications or demands.
Hospitals are expected to be the fastest-growing application segment during the forecast period owing to increasing demand from countries such as India & China where hospitals are expanding at a rapid pace due to rising population and economic development which has resulted in increased healthcare spending by government authorities. Traceability solutions offered in hospitals help pharma companies comply with GMP (Good Manufacturing Practice) guidelines set by regulatory authorities across countries such as U S FDA (Food & Drug Administration).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to various factors such as increasing healthcare spending, rising incidence of chronic diseases, and growing demand for generic drugs. In addition, government initiatives are also encouraging pharmaceutical companies to invest in this region by offering favorable regulations and low manufacturing cost coupled with high labor cost.
The market in Europe is anticipated to witness considerable growth during the forecast period owing to several initiatives taken up by governments across countries for improving healthcare infrastructure and developing new medicines at lower costs. Furthermore, technological advancements such as implementation of barcoding systems will also contribute toward regional market development over the next eight years (2030). However, stringent government regulations regarding tracing medicine from farm gate till their entry into human body may act as a restraint force on regional market growth during the same period (2018 To 2030).
Growth Factors:
- Increasing demand for counterfeit-proof drugs
- Stringent government regulations for drug traceability
- Rising awareness about the benefits of pharmaceutical traceability
- Proliferation of digital technologies and big data analytics in the pharmaceutical industry
- Growing number of partnerships and collaborations among pharmaceutical companies
Scope Of The Report
Report Attributes
Report Details
Report Title
Pharmaceutical Traceability Market Research Report
By Type
Barcode, Radio Frequency Identification (RFID), Global Positioning System (GPS)
By Application
Pharmaceutical Factory, Pharmacy, Hospital, Other
By Companies
Avery Dennison, Cognex, Datalogic, Impinj, Zebra Technologies, Adents, Alien Technology, AlpVision, Atlantic Zeiser, Authentix, Axway, Bar Code Integrators, SATO VICINITY, SMARTRAC, TraceLink
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Pharmaceutical Traceability Market Report Segments:
The global Pharmaceutical Traceability market is segmented on the basis of:
Types
Barcode, Radio Frequency Identification (RFID), Global Positioning System (GPS)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical Factory, Pharmacy, Hospital, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Avery Dennison
- Cognex
- Datalogic
- Impinj
- Zebra Technologies
- Adents
- Alien Technology
- AlpVision
- Atlantic Zeiser
- Authentix
- Axway
- Bar Code Integrators
- SATO VICINITY
- SMARTRAC
- TraceLink
Highlights of The Pharmaceutical Traceability Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Barcode
- Radio Frequency Identification (RFID)
- Global Positioning System (GPS)
- By Application:
- Pharmaceutical Factory
- Pharmacy
- Hospital
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pharmaceutical Traceability Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Traceability is the ability to track a product from its origin to its final destination. Pharmaceutical traceability ensures that products are not counterfeit, and that they arrive at their intended destinations in an accurate and timely manner.
Some of the major companies in the pharmaceutical traceability market are Avery Dennison, Cognex, Datalogic, Impinj, Zebra Technologies, Adents, Alien Technology, AlpVision, Atlantic Zeiser, Authentix, Axway, Bar Code Integrators, SATO VICINITY, SMARTRAC, TraceLink.
The pharmaceutical traceability market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pharmaceutical Traceability Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Pharmaceutical Traceability Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Pharmaceutical Traceability Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Pharmaceutical Traceability Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Pharmaceutical Traceability Market Size & Forecast, 2018-2028 4.5.1 Pharmaceutical Traceability Market Size and Y-o-Y Growth 4.5.2 Pharmaceutical Traceability Market Absolute $ Opportunity
Chapter 5 Global Pharmaceutical Traceability Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Pharmaceutical Traceability Market Size Forecast by Type
5.2.1 Barcode
5.2.2 Radio Frequency Identification (RFID)
5.2.3 Global Positioning System (GPS)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pharmaceutical Traceability Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Pharmaceutical Traceability Market Size Forecast by Applications
6.2.1 Pharmaceutical Factory
6.2.2 Pharmacy
6.2.3 Hospital
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pharmaceutical Traceability Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pharmaceutical Traceability Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Pharmaceutical Traceability Analysis and Forecast
9.1 Introduction
9.2 North America Pharmaceutical Traceability Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Pharmaceutical Traceability Market Size Forecast by Type
9.6.1 Barcode
9.6.2 Radio Frequency Identification (RFID)
9.6.3 Global Positioning System (GPS)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Pharmaceutical Traceability Market Size Forecast by Applications
9.10.1 Pharmaceutical Factory
9.10.2 Pharmacy
9.10.3 Hospital
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Pharmaceutical Traceability Analysis and Forecast
10.1 Introduction
10.2 Europe Pharmaceutical Traceability Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Pharmaceutical Traceability Market Size Forecast by Type
10.6.1 Barcode
10.6.2 Radio Frequency Identification (RFID)
10.6.3 Global Positioning System (GPS)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Pharmaceutical Traceability Market Size Forecast by Applications
10.10.1 Pharmaceutical Factory
10.10.2 Pharmacy
10.10.3 Hospital
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Pharmaceutical Traceability Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pharmaceutical Traceability Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Pharmaceutical Traceability Market Size Forecast by Type
11.6.1 Barcode
11.6.2 Radio Frequency Identification (RFID)
11.6.3 Global Positioning System (GPS)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Pharmaceutical Traceability Market Size Forecast by Applications
11.10.1 Pharmaceutical Factory
11.10.2 Pharmacy
11.10.3 Hospital
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Pharmaceutical Traceability Analysis and Forecast
12.1 Introduction
12.2 Latin America Pharmaceutical Traceability Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Pharmaceutical Traceability Market Size Forecast by Type
12.6.1 Barcode
12.6.2 Radio Frequency Identification (RFID)
12.6.3 Global Positioning System (GPS)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Pharmaceutical Traceability Market Size Forecast by Applications
12.10.1 Pharmaceutical Factory
12.10.2 Pharmacy
12.10.3 Hospital
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Pharmaceutical Traceability Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pharmaceutical Traceability Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Pharmaceutical Traceability Market Size Forecast by Type
13.6.1 Barcode
13.6.2 Radio Frequency Identification (RFID)
13.6.3 Global Positioning System (GPS)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Pharmaceutical Traceability Market Size Forecast by Applications
13.10.1 Pharmaceutical Factory
13.10.2 Pharmacy
13.10.3 Hospital
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Pharmaceutical Traceability Market: Competitive Dashboard
14.2 Global Pharmaceutical Traceability Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Avery Dennison
14.3.2 Cognex
14.3.3 Datalogic
14.3.4 Impinj
14.3.5 Zebra Technologies
14.3.6 Adents
14.3.7 Alien Technology
14.3.8 AlpVision
14.3.9 Atlantic Zeiser
14.3.10 Authentix
14.3.11 Axway
14.3.12 Bar Code Integrators
14.3.13 SATO VICINITY
14.3.14 SMARTRAC
14.3.15 TraceLink