市场调查报告书
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1494581
追踪和追踪解决方案市场评估:依产品、技术、应用、最终用户和地区划分的机会和预测(2017-2031)Track and Trace Solutions Market Assessment, By Product, By Technology, By Application, By End-user, By Region, Opportunities and Forecast, 2017-2031F |
全球追踪与追踪解决方案市场规模预计将从 2023 年的 58.7 亿美元增长到 2031 年的 194.7 亿美元,在 2024-2031 年预测期内复合年增长率为 16.17%。
市场的成长得益于製药业的扩张、假冒和假冒产品日益增加的威胁以及新颖产品的推出。
製药和医疗器材公司的扩张是全球追踪解决方案的主要趋势之一。这些解决方案使医疗保健专业人员能够有效管理库存并提供优质的患者护理。其他好处包括能够作为端到端可追溯性的一部分进行聚合和序列化,从而降低召回风险。它还有助于追踪医疗设备的湿度和温度等运输和处理数据,因此如果设备处理不当,可以及时确定原因。
新产品和新技术的增加推动市场成长:
各公司推出新产品增加的原因是研发活动变得更加重要,新产品开发的投资不断增加。这些努力预计将支援具有先进功能、无与伦比的性能和复杂设计的追踪解决方案的开发。例如,2023 年 7 月,ID Tech Solutions Pvt. Ltd. 宣布推出 IDT 87 IN RFID 整合式读取器。该设备预计将成为追踪解决方案的新标桿,适用于零售、製造和运输等多种行业。希望此类技术先进解决方案的开发能提高营运效率,使公司能够更有效地控製成本并应对课题。
製药业不断增长的要求推动了市场需求:
製药业的快速扩张增强了製药公司对追踪解决方案的需求,为市场创造了利润丰厚的成长机会。根据印度投资局估计,到2030年,印度製药业的产值预计将达到1,300亿美元。这种增长增加了对追踪解决方案的需求,以帮助打击假冒产品并最大限度地减少假药的传播。包括欧盟、俄罗斯和美国在内的一些国家已将可追溯性和序列化纳入其药品安全法规中。此外,透过正确实施追踪和追溯解决方案,可以在召回和退货期间轻鬆追踪药品,并有助于解决各种供应链瓶颈。这些解决方案还使品质人员能够及时识别中断和错误,从而有效解决问题。透过即时收集和评估数据,製药公司可以帮助製造商解决问题、找出根本原因并确保避免重复错误,从而节省时间和金钱。
本报告调查了全球追踪解决方案市场,提供了市场定义和概述、市场规模趋势和预测、各个细分市场和地区的详细分析、行业结构以及影响市场成长的因素、案例研究、竞争格局。
Global track and trace solutions market is projected to witness a CAGR of 16.17% during the forecast period 2024-2031F, growing from USD 5.87 billion in 2023 to USD 19.47 billion in 2031F. The market growth is supported by the expansion of the pharmaceutical sector, the growing threat of fake products and counterfeits, and novel product launches.
The expansion of pharmaceutical and medical device companies is one of the major global trends in tracking and tracing solutions. Utilizing these solutions aids in effective inventory management and helps healthcare professionals provide high-quality patient care by ensuring that stock of essential medical equipment, supplies, and pharmaceuticals is maintained. Other benefits of the track and trace solutions include reduced risk of recalls because of aggregation and serialization as part of the end-to-end traceability. They are also helpful in tracking the transportation and handling data, including humidity and temperature, for medical devices so that in case of mishandling of the devices, the factor responsible for mishandling can be determined in a timely manner.
The rising adoption of track and trace solutions by various pharmaceutical and therapeutics companies across the globe is another major factor boosting the market's growth. In January 2024, MeCure Industries Plc, one of Nigeria's leading human therapeutics companies, launched its smartphone track and trace solution to elevate patient safety standards and ensure product safety. The launch of the solution is in response to the rising threat of counterfeit and fake drugs and is expected to play a crucial role in protecting the healthcare supply chain from infiltration. The comprehensive transparency provided by the tool is also expected to ensure that the trajectory of the drug can be monitored at every stage, increasing the supply chain efficiency.
Increasing Production of Novel Products and Technologies Boost Market Growth
The rising introduction of new products by various companies can be attributed to the growing emphasis on research and development activities and increasing investments in novel product development. These efforts are expected to support the development of track-and-trace solutions with advanced features, unparalleled performance, and a sleek design. For instance, in July 2023, ID Tech Solutions Pvt. Ltd. announced the launch of their IDT 87 IN RFID Integrated Reader. This device is expected to set new benchmarks for track and trace solutions and is suitable for applications across various industries such as retail, manufacturing, and transportation. The development of such technologically advanced solutions is also expected to enhance operational efficiency and aid businesses in curbing expenses and address challenges in a time-efficient manner.
Rising Requirement from the Pharmaceutical Sector to Bolster Market Demand
The rapid expansion of the pharmaceutical sector is bolstering the demand for track and trace solutions from pharma companies, providing lucrative growth opportunities to the market. According to Invest India's estimates, India's pharmaceutical industry is expected to reach USD 130 billion by 2030. Such growths are bolstering the requirement for track and trace solutions as they aid in combating counterfeiting and minimizing the spread of fake medicines. Several countries in the European Union, the Russian Federation, and the United States of America have included traceability and serialization in their pharmaceutical product safety regulations. Additionally, with the correct implementation of track and trace solutions, drugs can be easily tracked and traced throughout the supply chain upon recall or return, while aiding in navigating various supply chain roadblocks. These solutions also ensure that quality officers are able to identify disruptions and mistakes in time, resulting in an efficient resolution. The collection and assessment of data in real-time further aids manufacturers in solving and identifying the main cause of problems, ensuring that the repetition of the errors can be avoided, allowing pharmaceutical companies to save both time and money.
North America Accounts for a Significant Share of the Market
The market growth in North America can be attributed to the strong presence of several key market players, high acceptance of technologically advanced solutions, and rising investments towards enhancing the healthcare sector. Track and trace solutions aid in accurate inventory management, directly impacting the safety of the patients and ensuring that different medical tools and medications are available to healthcare professionals when required, decreasing the risk of errors that occur because of incorrect administration of products or their unavailability.
Additionally, the rapid growth of the pharmaceutical sector in North America is bolstering the region's market demand. According to the European Federation of Pharmaceutical Industries and Associations estimates, North America accounted for 52.3% of global pharmaceutical sales in 2022. This growth is propelling pharmaceutical companies' requirement for track and trace solutions as these solutions aid in combating pharmaceutical counterfeiting and boosting consumer trust in their products. These solutions prevent counterfeit products from entering the market and help simplify the recall process for defective products.
Consumer Packaged Goods and Durables Witness Significant Growth
The consumer-packaged goods and durables segment is expected to witness significant growth in the coming years. This growth can be attributed to the rapid expansion of the fast-moving consumer goods sector in various regions across the globe. According to estimates from the India Brand Equity Foundation (IBEF), the fast-moving consumer goods market in India achieved a value of USD 121.8 billion in 2023. This growth is expected to boost the demand for track and trace solutions as they aid in improving inventory management, enabling effective cross-selling, curbing counterfeiting, ensuring regulatory compliance, and verifying proof of product origin. The utilization of advanced track and trace solutions allows businesses to ensure that high-quality products are delivered to customers in a time-efficient manner by providing them with the ability to compare, capture, and track incoming product data against various databases. This, in turn, prevents wastage of inventory, allowing businesses to avoid substantial damage.
Future Market Scenario (2024-2031F)
According to the global track and trace solutions market analysis, the market is anticipated to witness significant growth in the coming years. The integration of blockchain technology and the Internet of Things (IoT) with track and trace solutions is expected to optimize supply chain operations and enhance their efficiency while providing a secure and decentralized way of sharing and storing data. The utilization of machine learning and artificial intelligence with track and trace solutions is expected to provide insights into supply chain operations and aid in analyzing large volumes of data. These technologies can also be used for identifying trends and patterns, detecting potential issues and anomalies, and optimizing processes by enhancing forecasting accuracy, resulting in improved efficiency and enhanced inventory management. The innovations in track and trace solutions are expected to revolutionize several industries and allow companies that adopt these technologies to gain a competitive advantage.
Key Players Landscape and Outlook
The rising efforts of various companies to introduce innovative equipment into different geographical locations in order to expand their customer base are boosting the global track and trace solutions market size. For instance, in August 2022, Geoforce, Inc., one of the leading providers of cellular and satellite-based rugged asset monitoring and tracking solutions, announced the launch of two new asset trackers that will provide customers with cost-efficient and flexible coverage options in Canada. With the addition of the GT2h and GT2c to the line of products of Geoforce, it aims to reinforce its position in the asset traceability solutions sector. Furthermore, the expansion of the GT2 line is expected to aid the company in boosting its customer base.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work