Market Overview:
The global pharma track and trace solutions market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for safe and secure pharmaceutical products, rising concerns over product counterfeiting, and the growing need for efficient tracking and tracing of pharmaceutical products across supply chains. Based on type, the global pharma track and trace solutions market can be segmented into barcodes, RFID, and other types such as QR codes. The barcodes segment is expected to account for the largest share of the global pharma track and trace solutions market in 2018. This segment is projected to grow at a CAGR of 11% during the forecast period from 2018 to 2030.
Product Definition:
Pharma Track and Trace Solutions refers to the technology and processes used by the pharmaceutical industry to track and trace products throughout the supply chain. The purpose of Pharma Track and Trace Solutions is to ensure that products are accurately labeled, tracked, and traced from supplier to customer. This helps to prevent counterfeiting, product recalls, and other safety issues.
Barcodes:
Barcodes are machine-readable codes that can be printed or embossed on various products and used for identification purposes. They are widely used in pharmaceutical packaging, product tracking, and tracing, food & beverage processing industries. Barcodes have become an essential part of the supply chain management in the pharmaceutical industry to automate inventory management by facilitating unique product identification during storage as well as distribution.
RFID:
Radio-frequency identification (RFID) is an automatic device-to-device communication technology. It involves the use of low power radio waves for contactless data transfer between devices and readers. The technology helps in enhancing inventory management, supply chain management, and product tracking applications by enabling real time asset tracking across various industries.
Application Insights:
Bio-pharmaceuticals are considered to be the most sensitive and critical form of cargo. These require a high level of safety and security measures while traveling from the time it leaves the production site to the time when it reaches its destination. The implementation of track and trace solutions in this sector has become essential owing to various factors such as government regulations, need for data integrity, product quality, consumer safety etc. In addition, increasing demand for bio-pharmaceuticals due to rising geriatric population is expected to boost industry growth over the forecast period.
The chemical pharmaceutical segment is also anticipated t grow at a significant rate over next eight years owing t he growing demand for generic drugs across all age groups coupled with an increase in number of patients suffering from chronic diseases such as cancer & heart disease worldwide which is driving this segment significantly higher than others segments during that period.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and increasing demand for efficient supply chain management are some major factors driving the regional market growth. Furthermore, rising incidence of counterfeit drugs is also expected to drive the need for track and trace solutions in this region.
Growth Factors:
- Increasing demand for counterfeit-free and safe medicines
- Stringent government regulations for drug safety and security
- Proliferation of track and trace technologies, such as radio frequency identification (RFID) and barcodes
- Growing need to curtail the global pharmaceutical counterfeiting market, which is expected to reach billion by 2020
- Rising number of partnerships between Pharma Track and Trace Solution providers and healthcare organizations
Scope Of The Report
Report Attributes
Report Details
Report Title
Pharma Track and Trace Solutions Market Research Report
By Type
Barcodes, RFID, Pharma Track and Trace Solution
By Application
Bio Pharma, Chemical Pharma, Specially Pharma
By Companies
Optel Vision, Siemens, IBM, Axway, Mettler-Toledo, Systech, SAP, Seidenader Maschinenbau, Antares Vision, Sea Vision, TraceLink, Adents International, Xyntek, Holoflex, ACG Worldwide, Pharma Track and Trace Solution
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Pharma Track and Trace Solutions Market Report Segments:
The global Pharma Track and Trace Solutions market is segmented on the basis of:
Types
Barcodes, RFID, Pharma Track and Trace Solution
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
Bio Pharma, Chemical Pharma, Specially Pharma
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:
- Optel Vision
- Siemens
- IBM
- Axway
- Mettler-Toledo
- Systech
- SAP
- Seidenader Maschinenbau
- Antares Vision
- Sea Vision
- TraceLink
- Adents International
- Xyntek
- Holoflex
- ACG Worldwide
- Pharma Track and Trace Solution
Highlights of The Pharma Track and Trace Solutions 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:
- Barcodes
- RFID
- Pharma Track and Trace Solution
- By Application:
- Bio Pharma
- Chemical Pharma
- Specially Pharma
- 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 Pharma Track and Trace Solutions 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Pharma Track and Trace Solutions is a global pharmaceutical tracking and tracing solution provider. The company's products include electronic health records, drug identification, and traceability solutions.
Some of the key players operating in 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, Pharma Track and Trace Solution.
The pharma track and trace solutions market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pharma Track and Trace Solutions Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pharma Track and Trace Solutions Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pharma Track and Trace Solutions Market - Supply Chain
4.5. Global Pharma Track and Trace Solutions Market Forecast
4.5.1. Pharma Track and Trace Solutions Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pharma Track and Trace Solutions Market Size (000 Units) and Y-o-Y Growth
4.5.3. Pharma Track and Trace Solutions Market Absolute $ Opportunity
5. Global Pharma Track and Trace Solutions Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Pharma Track and Trace Solutions Market Size and Volume Forecast by Type
5.3.1. Barcodes
5.3.2. RFID
5.3.3. Pharma Track and Trace Solution
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Pharma Track and Trace Solutions Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Pharma Track and Trace Solutions Market Size and Volume Forecast by Application
6.3.1. Bio Pharma
6.3.2. Chemical Pharma
6.3.3. Specially Pharma
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Pharma Track and Trace Solutions Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Pharma Track and Trace Solutions Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Pharma Track and Trace Solutions Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Pharma Track and Trace Solutions Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Pharma Track and Trace Solutions Demand Share Forecast, 2019-2026
9. North America Pharma Track and Trace Solutions Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Pharma Track and Trace Solutions Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Pharma Track and Trace Solutions Market Size and Volume Forecast by Application
9.4.1. Bio Pharma
9.4.2. Chemical Pharma
9.4.3. Specially Pharma
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Pharma Track and Trace Solutions Market Size and Volume Forecast by Type
9.7.1. Barcodes
9.7.2. RFID
9.7.3. Pharma Track and Trace Solution
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Pharma Track and Trace Solutions Demand Share Forecast, 2019-2026
10. Latin America Pharma Track and Trace Solutions Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Pharma Track and Trace Solutions Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Pharma Track and Trace Solutions Market Size and Volume Forecast by Application
10.4.1. Bio Pharma
10.4.2. Chemical Pharma
10.4.3. Specially Pharma
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Pharma Track and Trace Solutions Market Size and Volume Forecast by Type
10.7.1. Barcodes
10.7.2. RFID
10.7.3. Pharma Track and Trace Solution
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Pharma Track and Trace Solutions Demand Share Forecast, 2019-2026
11. Europe Pharma Track and Trace Solutions Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Pharma Track and Trace Solutions Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Pharma Track and Trace Solutions Market Size and Volume Forecast by Application
11.4.1. Bio Pharma
11.4.2. Chemical Pharma
11.4.3. Specially Pharma
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Pharma Track and Trace Solutions Market Size and Volume Forecast by Type
11.7.1. Barcodes
11.7.2. RFID
11.7.3. PharmaTrack and Trace Solution
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Pharma Track and Trace Solutions Demand Share, 2019-2026
12. Asia Pacific Pharma Track and Trace Solutions Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Pharma Track and Trace Solutions Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Pharma Track and Trace Solutions Market Size and Volume Forecast by Application
12.4.1. Bio Pharma
12.4.2. Chemical Pharma
12.4.3. Specially Pharma
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Pharma Track and Trace Solutions Market Size and Volume Forecast by Type
12.7.1. Barcodes
12.7.2. RFID
12.7.3. Pharma Track and Trace Solution
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Pharma Track and Trace Solutions Demand Share, 2019-2026
13. Middle East & Africa Pharma Track and Trace Solutions Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Pharma Track and Trace Solutions Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Pharma Track and Trace Solutions Market Size and Volume Forecast by Application
13.4.1. Bio Pharma
13.4.2. Chemical Pharma
13.4.3. Specially Pharma
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Pharma Track and Trace Solutions Market Size and Volume Forecast by Type
13.7.1. Barcodes
13.7.2. RFID
13.7.3. Pharma Track and Trace Solution
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Pharma Track and Trace Solutions Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Pharma Track and Trace Solutions Market: Market Share Analysis
14.2. Pharma Track and Trace Solutions Distributors and Customers
14.3. Pharma Track and Trace Solutions Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Optel Vision
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. IBM
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Axway
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mettler-Toledo
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Systech
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SAP
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Seidenader Maschinenbau
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Antares Vision
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sea Vision
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. TraceLink
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Adents International
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Xyntek
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Holoflex
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ACG Worldwide
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Pharma Track and Trace Solution
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
