Global Track and Trace Solutions Market – Analysis and Forecast (2018-2024)

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Global Track and Trace Solutions Market Š 2018 VynZ Research All rights reserved


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Global Track and Trace Solutions Market

Track and trace solutions are used to provide precise position of devices at the present and earlier. The global track and trace solutions market is growing at significant rate, due to rigid guidelines and standards for the employment of serialization and progress in the pharmaceutical and medical devices industries. Different types of solutions contributed to the track and trace solutions market size. The market has witnessed high demand for software over the last few years due to emergent Š 2018 VynZ Research All rights reserved

acceptance in healthcare industry.


Global Track and Trace Solutions Market

The rigid guidelines and standards for the employment of serialization, progression in the amount of packaging-related product withdraws, mounting number of forge drugs entering the supply chain, mounting emphasis of manufacturers on brand security and progress in the pharmaceutical and medical devices industries are the primary growth drivers for track and trace solutions market. Budding number of production facilities in developing regions, expanding geriatric population with mounting lifestyle diseases is up surging the need for pharmaceuticals, escalating attention on consumer and patient well-being. Medical devices and technological progressions are also facilitating the growth for the track and trace solutions market. Š 2018 VynZ Research All rights reserved


Global Track and Trace Solutions Market Asia-Pacific is observed to witness the fastest growth in the market, as in the region the pharmaceutical and medical device expenditure is mounting. In addition, expanding geriatric population with mounting lifestyle diseases is up surging the need for pharmaceuticals and medical devices and mounting demand of secure packaging & supply chain efficiency are also creating a positive impact on the track and trace solutions market growth in the region. Key players in the track and trace solutions industry are catering the demand of these devices by investing on technologically advanced products in their product portfolio across the globe. In November 2017, Körber Medipak Systems completed the acquisition of Systec & Services GmbH to strengthen its business area in pharma systems. Antares Vision, Körber Medipak Systems, Sea Vision, Axway, Adents, METTLER TOLEDO, ACG Worldwide, Optel Group, Tracelink, and Siemens are the key players offering track and trace solutions. © 2018 VynZ Research All rights reserved


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