Track and Trace Solutions Market : Technological Growth Map over Time to Understand the Industry Growth Rate
                     Track and Trace Solutions Market
Track and Trace Solutions Market to 2027 - 
Global Analysis and Forecasts by 
Component (Hardware and Software), 
Technology (Barcodes and RFID (Radio-
Frequency Identification)); Application 
(Serialization Solutions and Aggregation 
Solutions); and End User (Pharmaceutical 
Industry, Medical Devices Industry and 
Others) and Geography
Current and Future Market Scenario
The Track and Trace Solutions in healthcare market is expected to witness substantial growth post-pandemic. The 
Track and Trace Solutions in healthcare market is expected to witness substantial growth post-pandemic.
According to The Insight Partners market research study titled ‘Track and Trace Solutions Market - Global 
Analysis and Forecasts by Component, Technology, Application, and End User. The Global Track and Trace 
Solutions Market is expected to reach US$ 6,049.0 Mn in 2027 from US$ 1,728.3 in 2018. 
The track and trace solutions market by component is segmented into hardware and software. In 2018, the software 
segment held a largest market share of 57.2% of the track and trace solutions market, by component. The software 
segment is expected to dominate its market share in 2027 owing to the advantages offered such as reduced 
administration and increased confidence for quality events. Moreover, the software segment is anticipated to witness 
the fastest growth rate during the forecast period, 2019 to 2027.
Key Findings
 Stringent regulations & criteria for the implementation of serialization, increase in the number of packaging-related 
product recalls, and rising focus of manufacturers on brand protection.
 However, the factors such as high cost of products & implementation and shortage of skilled operators are likely to 
impact the growth of the market in the forecast period.
Market Insights
Growing Applications of Track and Trace Solutions in Healthcare to Drive Track and Trace Solutions in Healthcare 
Market Growth
Globally, pharmaceutical companies are considering existing and expected legislation on anti-counterfeiting and 
traceability of the drugs. Many governments opt for the implementation of serialization regulations. Regulatory 
compliance for serialization is growing rapidly becoming a focus area for pharmaceutical manufacturers and supply chain 
partners across the world. 
 
Market Segments
By Component (Hardware and  
Software)
Technology  Application (Serialization Solutions 
(Barcodes and RFID (Radio- and Aggregation Solutions)
Frequency Identification))
Products Insights
Component-Based Insights
 In terms of component, the Track and Trace Solutions in healthcare market is segmented into software, and 
hardware. In 2018, the software segment held a largest market share of 57.2% of the track and trace solutions 
market, by component.
Strategic Insights
 The Track and Trace Solutions in healthcare market players are adopting the product launch and expansion 
strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand 
name globally.
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Dominating Segments
Track and Trace Solutions in Healthcare Market – by Component
Software
Hardware
  Track and Trace Solutions in Healthcare Market – by Technology
Barcodes
RFID (Radio-Frequency Identification)
Dominating Segments
Track and Trace Solutions in Healthcare Market – by Application
Serialization Solutions
Aggregation Solutions
Track and Trace Solutions in Healthcare Market – by End User
Pharmaceutical Industry
Medical Devices Industry
Others
Leading Players
   Company Profiles in Track and Trace Solutions Market are:
OPTEL GROUP
Axway
Körber Medipak Systems AG
ZIH Corp.
Siemens AG
TraceLink
Antares Vision
RFXCEL CORP.
SEA VISION S.r.l.
Adents
Track and Trace Solutions Market
REGIONAL FRAMEWORK
 Track and Trace Solutions Market
The combination of security technologies, track and trace functionality are basic parameters of the solutions. The 
security with track and trace systems in large companies is guarantee for a sophisticated, cost-effective and robust 
brand protection and anti-counterfeiting solution.
 
 
Track and Trace Solutions Market
        
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