Global Pharma Track and Trace Solutions Market Report, History and Forecast 2015-2026, Breakdown Data by Companies, Key Regions, Types and Application

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.
In the last several years, global market of Pharma Track and Trace Solutions developed rapidly, with an average growth rate of 17%.

Market Analysis and Insights: Global Pharma Track and Trace Solutions Market
The research report studies the Pharma Track and Trace Solutions market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
The global Pharma Track and Trace Solutions market size is projected to reach US$ XX million by 2026, from US$ 843 million in 2020, at a CAGR of XX% during 2021-2026.

Global Pharma Track and Trace Solutions Scope and Segment
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 revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.

Segment by Type, the Pharma Track and Trace Solutions market is segmented into
Barcodes
RFID

Segment by Application, the Pharma Track and Trace Solutions market is segmented into
Bio Pharma
Chemical Pharma
Specially Pharma

Global Pharma Track and Trace Solutions market: regional analysis, the major regions covered in the report are:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa

The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.

The major vendors covered:
Optel Vision
Siemens
IBM
Axway
Mettler-Toledo
Systech
SAP
Seidenader Maschinenbau
Antares Vision
Sea Vision
TraceLink
Adents International
Xyntek
Holoflex