+1-626-295-2442 (Worldwide) 400-606-8865 (China)
Sign in Register
English

Global Pharma Track and Trace Solutions Market is Projected to Reach 3.2 billion USD by 2025

Author: QYResearch | Publish date: 2018-06-07 | Views: 46
The Pharma Track and Trace Solutions industry was 840 million USD in 2017 and is projected to reach 3200 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 18.2% between 2017 and 2025. The market is driven by various end-user industries, such as Bio Pharma, Chemical Pharma, Specially Pharma, etc.

image.png

The industry is concentration, the key brand includes Optel Vision, Siemens, IBM, Axway, Mettler-Toledo, Systech, SAP, Seidenader Maschinenbau, Antares Vision, Sea Vision, TraceLink, Adents International, Xyntek, Holoflex, ACG Worldwide.  Among them, Optel Vision, Siemens, IBM are the leaders.


The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

 

Track and trace solutions are not just economic measures for supply-chain efficiency. Experts estimate that 5% of all drugs sold worldwide are counterfeits – in some countries, figures even reach a shocking 50 %. Billions of products are “lost in the supply chain” every year. Counterfeit drugs and product diversion risk lives, undermine revenues, and threaten company reputations. The pharmaceutical industry needs to ensure supply-chain security and gain the ability to authenticate the ePedigree, or life history, of a product.

 

Track and trace solutions are an essential part of this strategy. Track and trace solutions identify the origins of a pharmaceutical industry product and verify its authenticity. Moreover, track and trace solutions also help combat product diversion, whereby legitimate products are diverted from one market to another, with implications for licensing obligations and distribution agreements as well as for revenues.

 

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.


The Global Pharma Track and Trace Solutions Market Research Report 2017 report released by QYResearch provides a basic overview of the Pharma Track and Trace Solutions industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.


The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Pharma Track and Trace Solutions industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.


Click to view the full report TOC, figure and tables:

https://www.qyresearch.com/index/detail/332389/global-pharma-track-and-trace-solutions-market


CONTACT US
We will be happy to help you find what you're looking for. Please call or email us
  • USA Office: +1-6262952442(International) ; +1-6265407211
  • Canada Office: +1-6133665094
Our clients
<
4321
>
>