NORTH AMERICA TRACK & TRACE SOLUTIONS MARKET FORECAST 2019-2028

NORTH AMERICA TRACK & TRACE SOLUTIONS MARKET FORECAST 2019-2028

  • July 2020 •
  • Report ID: 5917878 •
  • Format: PDF
KEY FINDINGS
The North America track & trace solutions market is estimated to record a CAGR of 11.65% over the projected period of 2019-2028. The presence of eminent biopharmaceuticals, pharmaceuticals, and medical devices companies in the US and Canada is a significant factor contributing to the high adoption rate of track and trace in the region.

MARKET INSIGHTS
The North America track & trace solutions market growth is surveyed by segmenting the region into the United States and Canada.In Canada, Health Canada seized 5,500 packages of fake drugs between April 2016 and March 2017, which shows that the threat of counterfeit drugs is on the rise.

Health Canada has established strict rules for pharmaceutical companies, owing to the increasing number of counterfeit drugs to improve the safe use of health products.The Canadian Pharmaceutical Barcoding Project has provided recommendations for product identification and preparation for expected serialization regulations.

The guidelines are developed by an affiliation between Health Canada and the ISMP Canada, advised by discussions with the stakeholders and an expert panel, which includes health professionals and patient safety groups, together with international regulatory authorities and specialists. The adoption of a Canadian standard of serialization of pharmaceutical drugs will enable the manufacturers to protect the consumers from fake products as well as promote brand protection and protection of products from forgery.

COMPETITIVE INSIGHTS
Some of the well-established companies functioning in the region are Mettler-Toledo International Inc, Tracelink Inc, Axway, Optel Group, Zebra Technologies Corporation, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. ACG
2. ADENTS
3. ANTARES VISION SPA
4. AXWAY
5. METTLER-TOLEDO INTERNATIONAL INC
6. RFXCEL CORPORATION
7. OPTEL GROUP
8. SEIDENADER MASCHINENBAU GMBH
9. SEA VISION SRL
10. TRACELINK INC
11. SIEMENS AG
12. SYSTECH INTERNATIONAL
13. KORBER AG
14. XYNTEK INC
15. ZEBRA TECHNOLOGIES CORPORATION