The global healthcare track and trace solutions market is estimated to reach USD 2.81 Billion by 2021, at a CAGR of 17.3% during the forecast period. The increasing focus of manufacturers on brand protection and growth in number of packaging-related product recalls are driving market growth. The rising number of manufacturing facilities in developing regions presents significant growth opportunities for players in the market. However, the high cost associated with the implementation of serialization and aggregation solutions is a major restraint for this market.
In this report, the market is segmented on the basis of product type, technology, application, end user, and region. The research report discusses key market drivers, restraints, opportunities, and challenges in the global healthcare track and trace solutions market and its submarkets. Based on product type, the market is segmented into hardware systems and software solutions. The software solutions segment accounted for the largest share of the market in 2015; it is expected to grow at the highest CAGR during the forecast period. Rising awareness about counterfeit detection technologies and secure packaging are driving the growth of this segment.
Based on end user, the healthcare track and trace solutions market is segmented into pharmaceutical & biopharmaceutical companies, medical device companies, cosmetic industry, and other end users (blood banks and clinical & research laboratories). The pharmaceutical & biopharmaceutical companies segment accounted for the largest share of the healthcare track and trace solutions market in 2015. The large share of this segment can be attributed to the growing emphasis on anti-counterfeit technologies.
In this report, the global healthcare track and trace solutions market has been studied at the regional and country levels. In 2015, North America represented the largest regional market, followed by Europe. While North America will continue to dominate the market during the forecast period, the Asia-Pacific region is expected to register the highest growth. The growth of this regional segment is driven by the improving healthcare infrastructure, significant economic development in emerging markets, and rising focus of key market players on this region
- ACG Worldwide
- Adents International
- Antares Vision
- Axway Inc.
- Mettler-Toledo International Inc.
- Optel Vision
- SEA Vision SRL
- Seidenader Maschinenbau GmbH
- Siemens AG
- Systech International
- Tracelink Inc.
- Xyntek Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Global Healthcare Track and Trace Solutions Market, By Type
8 Global Healthcare Track and Trace Solutions Market, By Application
9 Global Healthcare Track and Trace Solutions Market, By Technology
10 Global Healthcare Track and Trace Solutions Market, By End User
11 Track and Trace Solutions Market, By Region
12 Competitive Landscape
13 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/xd3qxg/track_and_trace
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/track-and-trace-market-worth-281-billion-by-2021---growth-in-number-of-packaging-related-product-recalls---research-and-markets-300336411.html
SOURCE Research and Markets