Global Pharma Track and Trace Solutions Sales Market Report 2022

Track and trace solutions are not just economic measures for supply-chain efficiency. Experts estimate that 5% of all drugs sold worldwide are counterfeits – in some countries, figures even reach a shocking 50 %. Billions of products are “lost in the supply chain” 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.
Market Analysis and Insights: Global Pharma Track and Trace Solutions Market
Due to the COVID-19 pandemic, the global Pharma Track and Trace Solutions market size is estimated to be worth US$ 1669.8 million in 2021 and is forecast to a readjusted size of US$ 1669.8 million by 2028 with a CAGR of 15.5% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Pharma Track and Trace Solutions global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
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.
Global Pharma Track and Trace Solutions Scope and Market Size
The global Pharma Track and Trace Solutions market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Pharma Track and Trace Solutions market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Barcodes
RFID
Segment by Application
Bio Pharma
Chemical Pharma
Specially Pharma
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Optel Vision
Siemens
IBM
Axway
Mettler-Toledo
Systech
SAP
Seidenader Maschinenbau
Antares Vision
Sea Vision
TraceLink
Adents International
Xyntek
Holoflex
ACG Worldwide

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