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Global Pharma Track and Trace Solutions Market Research Report 2024
Synopsis
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.
The global Pharma Track and Trace Solutions market was valued at US$ 1669.8 million in 2023 and is anticipated to reach US$ 4630.9 million by 2030, witnessing a CAGR of 15.5% during the forecast period 2024-2030.
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.
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.
Report Scope
The Pharma Track and Trace Solutions market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Pharma Track and Trace Solutions market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Pharma Track and Trace Solutions companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Optel Vision
Siemens
IBM
Axway
Mettler-Toledo
Systech
SAP
Seidenader Maschinenbau
Antares Vision
Sea Vision
TraceLink
Adents International
Xyntek
Holoflex
ACG Worldwide
Segment by Type
Barcodes
RFID
Segment by Application
Bio Pharma
Chemical Pharma
Specially Pharma
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Pharma Track and Trace Solutions companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
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.
The global Pharma Track and Trace Solutions market was valued at US$ 1669.8 million in 2023 and is anticipated to reach US$ 4630.9 million by 2030, witnessing a CAGR of 15.5% during the forecast period 2024-2030.
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.
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.
Report Scope
The Pharma Track and Trace Solutions market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Pharma Track and Trace Solutions market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Pharma Track and Trace Solutions companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Optel Vision
Siemens
IBM
Axway
Mettler-Toledo
Systech
SAP
Seidenader Maschinenbau
Antares Vision
Sea Vision
TraceLink
Adents International
Xyntek
Holoflex
ACG Worldwide
Segment by Type
Barcodes
RFID
Segment by Application
Bio Pharma
Chemical Pharma
Specially Pharma
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Pharma Track and Trace Solutions companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Pharma Track and Trace Solutions Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Barcodes
1.2.3 RFID
1.3 Market by Application
1.3.1 Global Pharma Track and Trace Solutions Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Bio Pharma
1.3.3 Chemical Pharma
1.3.4 Specially Pharma
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Pharma Track and Trace Solutions Market Perspective (2019-2030)
2.2 Pharma Track and Trace Solutions Growth Trends by Region
2.2.1 Global Pharma Track and Trace Solutions Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Pharma Track and Trace Solutions Historic Market Size by Region (2019-2024)
2.2.3 Pharma Track and Trace Solutions Forecasted Market Size by Region (2025-2030)
2.3 Pharma Track and Trace Solutions Market Dynamics
2.3.1 Pharma Track and Trace Solutions Industry Trends
2.3.2 Pharma Track and Trace Solutions Market Drivers
2.3.3 Pharma Track and Trace Solutions Market Challenges
2.3.4 Pharma Track and Trace Solutions Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Pharma Track and Trace Solutions Players by Revenue
3.1.1 Global Top Pharma Track and Trace Solutions Players by Revenue (2019-2024)
3.1.2 Global Pharma Track and Trace Solutions Revenue Market Share by Players (2019-2024)
3.2 Global Pharma Track and Trace Solutions Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Pharma Track and Trace Solutions Revenue
3.4 Global Pharma Track and Trace Solutions Market Concentration Ratio
3.4.1 Global Pharma Track and Trace Solutions Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Pharma Track and Trace Solutions Revenue in 2023
3.5 Pharma Track and Trace Solutions Key Players Head office and Area Served
3.6 Key Players Pharma Track and Trace Solutions Product Solution and Service
3.7 Date of Enter into Pharma Track and Trace Solutions Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Pharma Track and Trace Solutions Breakdown Data by Type
4.1 Global Pharma Track and Trace Solutions Historic Market Size by Type (2019-2024)
4.2 Global Pharma Track and Trace Solutions Forecasted Market Size by Type (2025-2030)
5 Pharma Track and Trace Solutions Breakdown Data by Application
5.1 Global Pharma Track and Trace Solutions Historic Market Size by Application (2019-2024)
5.2 Global Pharma Track and Trace Solutions Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Pharma Track and Trace Solutions Market Size (2019-2030)
6.2 North America Pharma Track and Trace Solutions Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Pharma Track and Trace Solutions Market Size by Country (2019-2024)
6.4 North America Pharma Track and Trace Solutions Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Pharma Track and Trace Solutions Market Size (2019-2030)
7.2 Europe Pharma Track and Trace Solutions Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Pharma Track and Trace Solutions Market Size by Country (2019-2024)
7.4 Europe Pharma Track and Trace Solutions Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Pharma Track and Trace Solutions Market Size (2019-2030)
8.2 Asia-Pacific Pharma Track and Trace Solutions Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Pharma Track and Trace Solutions Market Size by Region (2019-2024)
8.4 Asia-Pacific Pharma Track and Trace Solutions Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Pharma Track and Trace Solutions Market Size (2019-2030)
9.2 Latin America Pharma Track and Trace Solutions Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Pharma Track and Trace Solutions Market Size by Country (2019-2024)
9.4 Latin America Pharma Track and Trace Solutions Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Pharma Track and Trace Solutions Market Size (2019-2030)
10.2 Middle East & Africa Pharma Track and Trace Solutions Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Pharma Track and Trace Solutions Market Size by Country (2019-2024)
10.4 Middle East & Africa Pharma Track and Trace Solutions Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Optel Vision
11.1.1 Optel Vision Company Detail
11.1.2 Optel Vision Business Overview
11.1.3 Optel Vision Pharma Track and Trace Solutions Introduction
11.1.4 Optel Vision Revenue in Pharma Track and Trace Solutions Business (2019-2024)
11.1.5 Optel Vision Recent Development
11.2 Siemens
11.2.1 Siemens Company Detail
11.2.2 Siemens Business Overview
11.2.3 Siemens Pharma Track and Trace Solutions Introduction
11.2.4 Siemens Revenue in Pharma Track and Trace Solutions Business (2019-2024)
11.2.5 Siemens Recent Development
11.3 IBM
11.3.1 IBM Company Detail
11.3.2 IBM Business Overview
11.3.3 IBM Pharma Track and Trace Solutions Introduction
11.3.4 IBM Revenue in Pharma Track and Trace Solutions Business (2019-2024)
11.3.5 IBM Recent Development
11.4 Axway
11.4.1 Axway Company Detail
11.4.2 Axway Business Overview
11.4.3 Axway Pharma Track and Trace Solutions Introduction
11.4.4 Axway Revenue in Pharma Track and Trace Solutions Business (2019-2024)
11.4.5 Axway Recent Development
11.5 Mettler-Toledo
11.5.1 Mettler-Toledo Company Detail
11.5.2 Mettler-Toledo Business Overview
11.5.3 Mettler-Toledo Pharma Track and Trace Solutions Introduction
11.5.4 Mettler-Toledo Revenue in Pharma Track and Trace Solutions Business (2019-2024)
11.5.5 Mettler-Toledo Recent Development
11.6 Systech
11.6.1 Systech Company Detail
11.6.2 Systech Business Overview
11.6.3 Systech Pharma Track and Trace Solutions Introduction
11.6.4 Systech Revenue in Pharma Track and Trace Solutions Business (2019-2024)
11.6.5 Systech Recent Development
11.7 SAP
11.7.1 SAP Company Detail
11.7.2 SAP Business Overview
11.7.3 SAP Pharma Track and Trace Solutions Introduction
11.7.4 SAP Revenue in Pharma Track and Trace Solutions Business (2019-2024)
11.7.5 SAP Recent Development
11.8 Seidenader Maschinenbau
11.8.1 Seidenader Maschinenbau Company Detail
11.8.2 Seidenader Maschinenbau Business Overview
11.8.3 Seidenader Maschinenbau Pharma Track and Trace Solutions Introduction
11.8.4 Seidenader Maschinenbau Revenue in Pharma Track and Trace Solutions Business (2019-2024)
11.8.5 Seidenader Maschinenbau Recent Development
11.9 Antares Vision
11.9.1 Antares Vision Company Detail
11.9.2 Antares Vision Business Overview
11.9.3 Antares Vision Pharma Track and Trace Solutions Introduction
11.9.4 Antares Vision Revenue in Pharma Track and Trace Solutions Business (2019-2024)
11.9.5 Antares Vision Recent Development
11.10 Sea Vision
11.10.1 Sea Vision Company Detail
11.10.2 Sea Vision Business Overview
11.10.3 Sea Vision Pharma Track and Trace Solutions Introduction
11.10.4 Sea Vision Revenue in Pharma Track and Trace Solutions Business (2019-2024)
11.10.5 Sea Vision Recent Development
11.11 TraceLink
11.11.1 TraceLink Company Detail
11.11.2 TraceLink Business Overview
11.11.3 TraceLink Pharma Track and Trace Solutions Introduction
11.11.4 TraceLink Revenue in Pharma Track and Trace Solutions Business (2019-2024)
11.11.5 TraceLink Recent Development
11.12 Adents International
11.12.1 Adents International Company Detail
11.12.2 Adents International Business Overview
11.12.3 Adents International Pharma Track and Trace Solutions Introduction
11.12.4 Adents International Revenue in Pharma Track and Trace Solutions Business (2019-2024)
11.12.5 Adents International Recent Development
11.13 Xyntek
11.13.1 Xyntek Company Detail
11.13.2 Xyntek Business Overview
11.13.3 Xyntek Pharma Track and Trace Solutions Introduction
11.13.4 Xyntek Revenue in Pharma Track and Trace Solutions Business (2019-2024)
11.13.5 Xyntek Recent Development
11.14 Holoflex
11.14.1 Holoflex Company Detail
11.14.2 Holoflex Business Overview
11.14.3 Holoflex Pharma Track and Trace Solutions Introduction
11.14.4 Holoflex Revenue in Pharma Track and Trace Solutions Business (2019-2024)
11.14.5 Holoflex Recent Development
11.15 ACG Worldwide
11.15.1 ACG Worldwide Company Detail
11.15.2 ACG Worldwide Business Overview
11.15.3 ACG Worldwide Pharma Track and Trace Solutions Introduction
11.15.4 ACG Worldwide Revenue in Pharma Track and Trace Solutions Business (2019-2024)
11.15.5 ACG Worldwide Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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