Bharat Book Bureau Provides the Trending Market Research Report on “Global Track And Track Global Track And Trace Solutions Market 2019-2028”under Information Technology Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.


MARKET OUTLOOK

The Global Track and TraceSolutions Market: is predicted to exhibit a CAGR of 12.75% during the estimated period of 2019-2028.

Factors such as the growing number of counterfeit drugs, coupled with favorable regulations for serialization implementation, are motivating the growth of the studied market during the forecast period. Furthermore, blockchain adoption and rising demand from emerging countries, are opening multiple opportunities for the track and trace solutions market in the same period.

However, the high costs of solutions and lack of common standards, are significantly weighing down the progress of the track and trace solutions market globally.

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REGIONAL OUTLOOK

The global track and trace solutions market covers North America, Asia-Pacific, Latin America, Europe, Middle East and Africa regions.

Geographically, North America holds the largest market for track and trace solutions, and it is likely to continue its dominance over the market till 2028. The region’s growth is mainly due to highly regulated serialization standards and the enhanced healthcare infrastructure. The FDA advocates automatic identification technologies, such as barcoding and RFID, to pharma and healthcare companies. Furthermore, the presence of renowned pharma, biopharma, and medical devices companies, are contributing to the high traction of track and trace solutions, in turn, boosting the track and trace solutions market across the region.

COMPETITIVE OUTLOOK

The key enterprises involved in the track and trace solutions market include Zebra Technologies Corporation, SEA Vision Srl, Seidenader Maschinenbau GmbH, Mettler Toledo International Inc, rfxcel Corporation, Tracelink Inc, Siemens AG, Korber AG, Systech International, Optel Group, ACG Group, Xyntek Inc, Antares Vision SPA, and Axway.

Mettler Toledo International Inc functions as a supplier of precision devices and services. It produces weighing instruments to be utilized in laboratories, packaging, industrial, logistics, and more. Additionally, the company is involved in offering analytical tools in life science, and even real-time analytic systems used in drug development. It provides its products to various industries, including the transportation and logistics industry. It has its functions spread across various regions, with its headquarter located in Ohio, the United States.

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