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Pharma Track and Trace Solutions Market, Global Outlook and Forecast 2023-2029

Track and trace solutions are not just economic measures for supply-chain efficiency. Experts estimate that 5% of all drugs sold worldwide are counterfeits ヨ in some countries, figures even reach a shocking 50 %. Billions of products are モlost in the supply chainヤ 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. This report aims to provide a comprehensive presentation of the global market for Pharma Track and Trace Solutions, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Pharma Track and Trace Solutions. This report contains market size and forecasts of Pharma Track and Trace Solutions in global, including the following market information: Global Pharma Track and Trace Solutions Market Revenue, 2018-2023, 2024-2029, ($ millions) Global top five companies in 2022 (%) The global Pharma Track and Trace Solutions market was valued at US$ 1718.1 million in 2022 and is projected to reach US$ 4524.2 million by 2029, at a CAGR of 14.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. The classification of Pharma Track and Trace Solutions includes Barcodes and RFID. The proportion of Barcodes is about 72%, and the proportion of RFID is about 27%. Barcodes technology reported largest revenue share of the track and trace solutions sector. 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%. North America is the largest consumption place, with a consumption market share nearly 42%. Following North America, EU is the second largest consumption place with the consumption market share of 37%. Market competition is intense. Optel Vision, Siemens, IBM and Axway, etc. are the leaders of the industry, with about 25% market shares. MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Pharma Track and Trace Solutions companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks. Total Market by Segment: Global Pharma Track and Trace Solutions Market, by Type, 2018-2023, 2024-2029 ($ millions) Global Pharma Track and Trace Solutions Market Segment Percentages, by Type, 2022 (%) Barcodes RFID Global Pharma Track and Trace Solutions Market, by Application, 2018-2023, 2024-2029 ($ millions) Global Pharma Track and Trace Solutions Market Segment Percentages, by Application, 2022 (%) Bio Pharma Chemical Pharma Specially Pharma Global Pharma Track and Trace Solutions Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) Global Pharma Track and Trace Solutions Market Segment Percentages, By Region and Country, 2022 (%) North America US Canada Mexico Europe Germany France U.K. Italy Russia Nordic Countries Benelux Rest of Europe Asia China Japan South Korea Southeast Asia India Rest of Asia South America Brazil Argentina Rest of South America Middle East & Africa Turkey Israel Saudi Arabia UAE Rest of Middle East & Africa Competitor Analysis The report also provides analysis of leading market participants including: Key companies Pharma Track and Trace Solutions revenues in global market, 2018-2023 (estimated), ($ millions) Key companies Pharma Track and Trace Solutions revenues share in global market, 2022 (%) Further, the report presents profiles of competitors in the market, key players include: Optel Vision Siemens IBM Axway Mettler-Toledo Systech SAP Seidenader Maschinenbau Antares Vision Sea Vision TraceLink Adents International Xyntek Holoflex ACG Worldwide Outline of Major Chapters: Chapter 1: Introduces the definition of Pharma Track and Trace Solutions, market overview. Chapter 2: Global Pharma Track and Trace Solutions market size in revenue. Chapter 3: Detailed analysis of Pharma Track and Trace Solutions company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc. Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets. Chapter 6: Sales of Pharma Track and Trace Solutions in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world. Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. Chapter 8: The main points and conclusions of the report.
1 Introduction to Research & Analysis Reports 1.1 Pharma Track and Trace Solutions Market Definition 1.2 Market Segments 1.2.1 Market by Type 1.2.2 Market by Application 1.3 Global Pharma Track and Trace Solutions Market Overview 1.4 Features & Benefits of This Report 1.5 Methodology & Sources of Information 1.5.1 Research Methodology 1.5.2 Resea
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About this Report
Report ID 1403382
Category
  • Healthcare
Published on 16-Jan
Number of Pages 105
Publisher Name Market Monitor Global
Editor Rating
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