NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET 2019-2028

Lifesciences | Healthcare IT

NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET 2019-2028

Market by Product, Technology, Application, End-user, and Country | Forecast 2019-2028

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Triton’s report has determined that the North America track and trace solutions market is probable to develop at a CAGR of 12.30% in the assessed years 2019-2028.



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The countries studied in this market are:

        United States

        Canada

In North America, the track and trace solutions market has gained significant traction owing to the highly regulated serialization and aggregation standards, along with enhanced healthcare infrastructure. Additionally, the automatic identification technologies such as barcoding and RFID are recommended to pharmaceutical and healthcare companies by the FDA, which also adds to the studied market’s growth. Further, manufacturers are required to include product identifier number on every package of prescription drug. Above all, the presence of renowned pharmaceutical, biopharmaceutical, and medical devices companies in the region contributes to the high adoption of trace and trace solutions, which is further expected to boost the track and trace solutions market’s development.

In Canada, due to the rising number of counterfeit medicines, Health Canada has introduced strict regulations for pharmaceutical companies to improve the safe use of health products. For instance, the Canadian Pharmaceutical Barcoding Project has offered suggestions for product identification and preparation for expected serialization regulations. Moreover, the adoption of the Canadian standard of serialization of pharma drugs will give healthcare solution providers essential outlooks about future practices, further permitting them to develop automated methods for identifying products and ensuring the safety of specific dosages. Hence, as stated above, these factors offer multiple growth opportunities to the track and trace solutions market in Canada.

Optel Group is a worldwide provider of supply chain traceability systems. The company’s goal is to use its innovative technologies to construct a sustainable world via Intelligent Supply Chain (ISC). Moreover, its experts develop and implement ISC solutions to assist companies to gain higher transparency and efficiency in the supply chains. The company has its operations spread across various countries, and has its headquarter in Quebec, Canada.

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Table of Content

1.    NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1.   RISE IN NUMBER OF PRODUCT RECALLS CREATES DEMAND FOR MARKET

2.2.2.   IOT TECHNOLOGY KEY TO MARKET’S GROWTH

2.2.3.   TRENDS SHOWING GROWTH IN MEDICAL DEVICES AND PHARMACEUTICAL

2.3. EVOLUTION AND TRANSITION OF TRACK AND TRACE SOLUTIONS

2.4. PORTER’S FIVE FORCES ANALYSIS

2.4.1.   THREAT OF NEW ENTRANTS

2.4.2.   THREAT OF SUBSTITUTE

2.4.3.   BARGAINING POWER OF SUPPLIERS

2.4.4.   BARGAINING POWER OF BUYERS

2.4.5.   THREAT OF COMPETITIVE RIVALRY

2.5. MARKET ATTRACTIVENESS INDEX

2.6. VENDOR SCORECARD

2.7. REGULATORY FRAMEWORK

2.8. MARKET DRIVERS

2.8.1.   GROWING NUMBER OF COUNTERFEIT DRUGS

2.8.2.   FAVORABLE REGULATIONS FOR SERIALIZATION IMPLEMENTATION HELPS MARKET GROWTH

2.9. MARKET RESTRAINTS

2.9.1.   HIGH COST OF SOLUTIONS

2.10. MARKET OPPORTUNITIES

2.10.1.  BLOCKCHAIN ADOPTION CAN FURTHER INCREASE TRANSPARENCY AND SECURITY

2.11. MARKET CHALLENGES

2.11.1.    LACK OF COMMON STANDARDS

3.    NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET OUTLOOK - BY PRODUCT

3.1. HARDWARE SYSTEMS

3.1.1.   PRINTING AND MARKING SOLUTIONS

3.1.2.   MONITORING AND VERIFICATION SOLUTIONS

3.1.3.   LABELING SOLUTIONS

3.1.4.   OTHER HARDWARE SYSTEMS

3.2. SOFTWARE SOLUTIONS

3.2.1.   PLANT MANAGER SOFTWARE

3.2.2.   LINE CONTROLLER SOFTWARE

3.2.3.   BUNDLE TRACKING SOFTWARE

3.2.4.   OTHER SOFTWARE SOLUTIONS

4.    NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET OUTLOOK - BY TECHNOLOGY

4.1. BARCODE

4.2. RFID

5.    NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET OUTLOOK - BY APPLICATION

5.1. SERIALIZATION SOLUTIONS

5.1.1.   BOTTLE SERIALIZATION

5.1.2.   LABEL SERIALIZATION

5.1.3.   CARTON SERIALIZATION

5.1.4.   DATA MATRIX SERIALIZATION

5.2. AGGREGATION SOLUTIONS

5.2.1.   BUNDLE AGGREGATION

5.2.2.   CASE AGGREGATION

5.2.3.   PALLET AGGREGATION

6.    NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET OUTLOOK - BY END-USER

6.1. PHARMACEUTICAL COMPANIES

6.2. MEDICAL DEVICE COMPANIES

6.3. OTHER END-USERS

7.    NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET - REGIONAL OUTLOOK

7.1. UNITED STATES

7.2. CANADA

8.    COMPETITIVE LANDSCAPE

8.1. ACG GROUP

8.2. ANTARES VISION SPA

8.3. AXWAY

8.4. METTLER TOLEDO INTERNATIONAL INC

8.5. RFXCEL CORPORATION

8.6. OPTEL GROUP

8.7. SEIDENADER MASCHINENBAU GMBH

8.8. SEA VISION SRL

8.9. TRACELINK INC

8.10. SIEMENS AG

8.11. SYSTECH INTERNATIONAL

8.12. KORBER AG

8.13. XYNTEK INC

8.14. ZEBRA TECHNOLOGIES CORPORATION

9.    METHODOLOGY & SCOPE

9.1. RESEARCH SCOPE & DELIVERABLES

9.2. SOURCES OF DATA

9.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 2. MARKET ATTRACTIVENESS INDEX

TABLE 3. VENDOR SCORECARD

TABLE 4. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019-2028 (IN $ MILLION)

TABLE 5. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY HARDWARE SYSTEMS, 2019-2028 (IN $ MILLION)

TABLE 6. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY SOFTWARE SOLUTIONS, 2019-2028 (IN $ MILLION)

TABLE 7. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)

TABLE 8. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)

TABLE 9. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY SERIALIZATION SOLUTIONS, 2019-2028 (IN $ MILLION)

TABLE 10. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY AGGREGATION SOLUTIONS, 2019-2028 (IN $ MILLION)

TABLE 11. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY END-USER 2019-2028 (IN $ MILLION)

TABLE 12. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

List of Figures

FIGURE 1. PORTER’S FIVE FORCES ANALYSIS

FIGURE 2. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY HARDWARE SYSTEMS, 2019-2028 (IN $ MILLION)

FIGURE 3. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY PRINTING AND MARKING SOLUTIONS, 2019-2028 (IN $ MILLION)

FIGURE 4. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY MONITORING AND VERIFICATION SOLUTIONS, 2019-2028 (IN $ MILLION)

FIGURE 5. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY LABELING SOLUTIONS, 2019-2028 (IN $ MILLION)

FIGURE 6. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY OTHER HARDWARE SYSTEMS, 2019-2028 (IN $ MILLION)

FIGURE 7. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY SOFTWARE SOLUTIONS, 2019-2028 (IN $ MILLION)

FIGURE 8. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY PLANT MANAGER SOFTWARE, 2019-2028 (IN $ MILLION)

FIGURE 9. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY LINE CONTROLLER SOFTWARE, 2019-2028 (IN $ MILLION)

FIGURE 10. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY BUNDLE TRACKING SOFTWARE, 2019-2028 (IN $ MILLION)

FIGURE 11. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY OTHER SOFTWARE SOLUTIONS, 2019-2028 (IN $ MILLION)

FIGURE 12. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY BARCODE, 2019-2028 (IN $ MILLION)

FIGURE 13. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY RFID, 2019-2028 (IN $ MILLION)

FIGURE 14. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY SERIALIZATION SOLUTIONS, 2019-2028 (IN $ MILLION)

FIGURE 15. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY BOTTLE SERIALIZATION, 2019-2028 (IN $ MILLION)

FIGURE 16. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY LABEL SERIALIZATION, 2019-2028 (IN $ MILLION)

FIGURE 17. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY CARTON SERIALIZATION, 2019-2028 (IN $ MILLION)

FIGURE 18. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY DATA MATRIX SERIALIZATION, 2019-2028 (IN $ MILLION)

FIGURE 19. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY AGGREGATION SOLUTIONS, 2019-2028 (IN $ MILLION)

FIGURE 20. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY BUNDLE AGGREGATION, 2019-2028 (IN $ MILLION)

FIGURE 21. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY CASE AGGREGATION, 2019-2028 (IN $ MILLION)

FIGURE 22. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY PALLET AGGREGATION, 2019-2028 (IN $ MILLION)

FIGURE 23. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY PHARMACEUTICAL COMPANIES, 2019-2028 (IN $ MILLION)

FIGURE 24. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY MEDICAL DEVICE COMPANIES, 2019-2028 (IN $ MILLION)

FIGURE 25. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY OTHER END-USERS, 2019-2028 (IN $ MILLION)

FIGURE 26. NORTH AMERICA TRACK AND TRACE SOLUTIONS MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN %)

FIGURE 27. UNITED STATES TRACK AND TRACE SOLUTIONS MARKET 2019-2028 (IN $ MILLION)

FIGURE 28. CANADA TRACK AND TRACE SOLUTIONS MARKET 2019-2028 (IN $ MILLION)

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