Pharma Track and Trace Solutions Market Size, Trends and Forecast 2024-2032
According to FutureWise analysis, the market for pharma track and trace solutions was US$ 2.1 Billion in 2022 and is anticipated to grow at a CAGR of 9.6% from 2023 to 2031.
The term "pharma track and trace market" describes the application of technologies and procedures to track and trace medicinal goods all the way through the supply chain, from manufacturing to distributing and selling. In addition to lowering the possibility of fraud, it also serves to guarantee the safety and authenticity of medicines. Pharma Track and trace (T&T) solutions assist companies in controlling their supply chain and reducing the dangers brought on by counterfeit items. They promote the hassle-free transportation of goods, provides product ID verification services, and help with logistics and packaging management. As a result, pharma T&T solutions are used for both personal and professional reasons since they save the cost of gasoline and insurance, give customer support, and deliver the most recent information via SMS alerts or emails.
FutureWise Market Research has published a report that provides an insightful analysis of Pharma Track and Trace Solutions Market trends that are affecting the overall market growth.
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Pharma Track and Trace Solutions Market Segmentation:
By Product
- Level 1
- Devices
- Barcodes
- RFID
- Printing and Marking Solutions
- Monitoring and Verification
- Others
- Level 2
- Package Line Automation Software
- Level 3
- Serialization Manager Software
- Level 4
- Enterprise Level Solutions
- ERP
- Serial Number Manager
- EPCIS
- Level 5
- Network Level Solutions
- Network EPCIS
- Serial Number Authentication, Exchange and Govt. Reporting
- Mobile Authentication
By Application
- Serialization Solutions
- Bottle Serialization
- Label Serialization
- Carton Serialization
- Data Matrix Serialization
- Aggregation Solutions
- Case Aggregation
- Bundle Aggregation
- Pallet Aggregation
- Others
By End User
- Pharmaceutical Companies
- Medical Device Companies
- Healthcare Others
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Competitive Landscape in Pharma Track and Trace Solutions Market:
- AXWAY
- METTLER-toLEDO INTERNATIONAL, INC.
- TRAXEED
- OPTEL VISION
- IBM
- SAP
- TRACELINK, INC.
- ADENTS
- ANTARES VISION SRL
- ACG
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**Objectives of this Study: **
- To provide a comprehensive analysis of the Pharma Track and Trace Solutions Market By Product, By Application, By End User and By Region.
- To offer detailed insights into factors such as drivers, restraints, trends, and opportunities, as well as segmental and regional influences on market growth.
- To evaluate current market trends and forecast micro-markets, presenting overall market projections in the form of data sets and PowerPoint presentations.
- To predict the market size in key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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