Track and Trace Solutions Global Market Report 2022: by Product Type, Technology, Application, End-use and Region
DUBLIN, Jan. 27, 2023 /PRNewswire/ -- The "Track And Trace Solutions Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global track and trace solutions market.
Reasons to Purchase
Major players in the track and trace solutions market are Adents, ACG Worldwide, rfXcel, Laetus GmbH, Grant-Soft Ltd, SL Controls Ltd, Arvato Systems, Syntegon Technology, Korber Medipak Systems AG, and Systech International Inc.
North America was the largest region in the track and trace solution market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the track and trace solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Stringent regulations and standards for the implementation of serialisation are expected to propel the growth of the track and trace solutions market going forward. Regulatory standards refer to rules, laws, regulations, and regulatory authority advisory opinions applicable to the manufacturing, marketing, and reimbursement of any product. Stringent regulations and standards passed by the government help to improve capacities and improve surveillance and investigation of foodborne infections through the pulse net, the integrated food safety centres of excellence, and other programs.
For instance, in 2021, according to the European Commission, a UK-based executive of the European Union, the major development related to serialisation and traceability in the medical device sector is the EU-MDR regulation.
The EU MDR is a new set of laws that took effect on May 26, 2021. Its goal is to improve the safety and performance of medical devices throughout their lifecycle by strengthening regulations and emphasising market vigilance, which was lacking when the previous MDD (Medical Devices Directive) law was passed in 1992. Therefore, stringent regulations and standards for the implementation of serialization are driving the track and trace solutions market.
For example, in September 2020, Fresenius Kabi, a Germany-based healthcare company operating in the track and trace solutions market, is integrating RFID labels into packages for routinely used operating room drugs. The track-and-trace system adheres to open GS1 worldwide standards and protects drug inventory, adding an added layer of patient safety.
6.2. Global Track And Trace Solutions Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.3. Global Track And Trace Solutions Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.4. Global Track And Trace Solutions Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7. Track And Trace Solutions Market Regional And Country Analysis
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Laura Wood, Senior Manager
SOURCE Research and Markets
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