Market by Product, Technology, Application, End-user, and Country | Forecast 2019-2028
The Asia-Pacific track and trace solutions market is projected to showcase growth based on revenue at 13.04% of CAGR during the evaluated phase of 2019-2028.
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The countries researched in
this market include:
• India
• China
• Japan
• Australia & New Zealand
• South Korea
• ASEAN countries
• Rest of APAC
In Japan, the existing track and
trace solutions used in the pharmaceutical sector are primarily based on
barcodes and SMS technology. Here, barcodes are widely used to identify
specific products by transporting precise information, including medication
name, dose, and administration route. Furthermore, several manufacturers assign
specific codes to drug packages, sending a message to a mobile authentication
service to categorize these packages as counterfeit or legitimate once the
drugs are purchased. This is further beneficial to ensure no parallel trade
exists through the distribution chain. Although, the global trend in tracking
solutions has moved from barcode-based encoding to RFID technology in the
pharmaceutical sector, which is likely to fuel the growth of the track and
trace solutions market in Japan.
On the other hand, the Indian
pharmaceutical industry ranks as the third-largest worldwide in terms of
volume, as per the National Informatics Centre of India. Every third dose of
vaccine administered globally is known to come from an Indian manufacturing
facility. To maintain its leadership position, the government took measures to
ensure the safety of pharmaceutical products that are manufactured and exported
from the country. For instance, the government developed a portal for
traceability systems that recommend 3-tier packaging rules, using several GS1
encoding standards. This usage in traceability solutions provides manufacturers
the ability to comply with the regulatory requirements of different countries.
Hence, the rising government focus to surge traceability in pharma exports is
expected to augment the Indian track and trace solutions market's progress.
ACG Group is a
pharmaceutical company providing empty hard pharmaceutical capsules, tablet
coating systems, and performance enhancers, along with online and inline
analytical systems. It also offers high barrier packaging films, camera
inspection systems, and carton packing machines, among others. The company has
its presence across 100 countries, with its headquarters in Mumbai, India.
1. ASIA-PACIFIC
TRACK AND TRACE SOLUTIONS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. RISE
IN NUMBER OF PRODUCT RECALLS CREATES DEMAND FOR MARKET
2.2.2. IOT
TECHNOLOGY KEY TO MARKET’S GROWTH
2.2.3. TRENDS
SHOWING GROWTH IN MEDICAL DEVICES AND PHARMACEUTICAL
2.3. EVOLUTION
AND TRANSITION OF TRACK AND TRACE SOLUTIONS
2.4. PORTER’S
FIVE FORCES ANALYSIS
2.4.1. THREAT
OF NEW ENTRANTS
2.4.2. THREAT
OF SUBSTITUTE
2.4.3. BARGAINING
POWER OF SUPPLIERS
2.4.4. BARGAINING
POWER OF BUYERS
2.4.5. THREAT
OF COMPETITIVE RIVALRY
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. VENDOR
SCORECARD
2.7. REGULATORY
FRAMEWORK
2.8. MARKET
DRIVERS
2.8.1. GROWING
NUMBER OF COUNTERFEIT DRUGS
2.8.2. FAVORABLE
REGULATIONS FOR SERIALIZATION IMPLEMENTATION HELPS MARKET GROWTH
2.9. MARKET
RESTRAINTS
2.9.1. HIGH
COST OF SOLUTIONS
2.10. MARKET
OPPORTUNITIES
2.10.1.
BLOCKCHAIN ADOPTION CAN FURTHER INCREASE
TRANSPARENCY AND SECURITY
2.10.2.
GROWING DEMAND FROM EMERGING REGIONS
2.11. MARKET
CHALLENGES
2.11.1.
LACK OF COMMON STANDARDS
3. ASIA-PACIFIC
TRACK AND TRACE SOLUTIONS MARKET OUTLOOK - BY PRODUCT
3.1. HARDWARE
SYSTEMS
3.1.1. PRINTING
AND MARKING SOLUTIONS
3.1.2. MONITORING
AND VERIFICATION SOLUTIONS
3.1.3. LABELING
SOLUTIONS
3.1.4. OTHER
HARDWARE SYSTEMS
3.2. SOFTWARE
SOLUTIONS
3.2.1. PLANT
MANAGER SOFTWARE
3.2.2. LINE
CONTROLLER SOFTWARE
3.2.3. BUNDLE
TRACKING SOFTWARE
3.2.4. OTHER
SOFTWARE SOLUTIONS
4. ASIA-PACIFIC
TRACK AND TRACE SOLUTIONS MARKET OUTLOOK - BY TECHNOLOGY
4.1. BARCODE
4.2. RFID
5. ASIA-PACIFIC
TRACK AND TRACE SOLUTIONS MARKET OUTLOOK - BY APPLICATION
5.1. SERIALIZATION
SOLUTIONS
5.1.1. BOTTLE
SERIALIZATION
5.1.2. LABEL
SERIALIZATION
5.1.3. CARTON
SERIALIZATION
5.1.4. DATA
MATRIX SERIALIZATION
5.2. AGGREGATION
SOLUTIONS
5.2.1. BUNDLE
AGGREGATION
5.2.2. CASE
AGGREGATION
5.2.3. PALLET
AGGREGATION
6. ASIA-PACIFIC
TRACK AND TRACE SOLUTIONS MARKET OUTLOOK - BY END-USER
6.1. PHARMACEUTICAL
COMPANIES
6.2. MEDICAL
DEVICE COMPANIES
6.3. OTHER
END-USERS
7. ASIA-PACIFIC
TRACK AND TRACE SOLUTIONS MARKET - REGIONAL OUTLOOK
7.1. CHINA
7.2. JAPAN
7.3. INDIA
7.4. SOUTH
KOREA
7.5. ASEAN
COUNTRIES
7.6. AUSTRALIA
& NEW ZEALAND
7.7. REST
OF ASIA-PACIFIC
8. COMPETITIVE
LANDSCAPE
8.1. ACG
GROUP
8.2. ANTARES
VISION SPA
8.3. AXWAY
8.4. METTLER
TOLEDO INTERNATIONAL INC
8.5. RFXCEL
CORPORATION
8.6. OPTEL
GROUP
8.7. SEIDENADER
MASCHINENBAU GMBH
8.8. SEA
VISION SRL
8.9. TRACELINK
INC
8.10. SIEMENS
AG
8.11. SYSTECH
INTERNATIONAL
8.12. KORBER
AG
8.13. XYNTEK
INC
8.14. ZEBRA
TECHNOLOGIES CORPORATION
9. METHODOLOGY
& SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES OF DATA
9.3. RESEARCH METHODOLOGY
TABLE 1. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 2. MARKET ATTRACTIVENESS
INDEX
TABLE 3. VENDOR SCORECARD
TABLE 4. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY PRODUCT, 2019-2028 (IN $ MILLION)
TABLE 5. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY HARDWARE SYSTEMS, 2019-2028 (IN $ MILLION)
TABLE 6. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY SOFTWARE SOLUTIONS, 2019-2028 (IN $ MILLION)
TABLE 7. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)
TABLE 8. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 9. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY SERIALIZATION SOLUTIONS, 2019-2028 (IN $ MILLION)
TABLE 10. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY AGGREGATION SOLUTIONS, 2019-2028 (IN $ MILLION)
TABLE 11. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY END-USER 2019-2028 (IN $ MILLION)
TABLE 12. ASIA-PACIFIC
TRACK AND TRACE SOLUTIONS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
FIGURE 1. PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY HARDWARE SYSTEMS, 2019-2028 (IN $ MILLION)
FIGURE 3. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY PRINTING AND MARKING SOLUTIONS, 2019-2028 (IN $
MILLION)
FIGURE 4. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY MONITORING AND VERIFICATION SOLUTIONS, 2019-2028 (IN
$ MILLION)
FIGURE 5. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY LABELING SOLUTIONS, 2019-2028 (IN $ MILLION)
FIGURE 6. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY OTHER HARDWARE SYSTEMS, 2019-2028 (IN $ MILLION)
FIGURE 7. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY SOFTWARE SOLUTIONS, 2019-2028 (IN $ MILLION)
FIGURE 8. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY PLANT MANAGER SOFTWARE, 2019-2028 (IN $ MILLION)
FIGURE 9. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY LINE CONTROLLER SOFTWARE, 2019-2028 (IN $ MILLION)
FIGURE 10. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY BUNDLE TRACKING SOFTWARE, 2019-2028 (IN $ MILLION)
FIGURE 11. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY OTHER SOFTWARE SOLUTIONS, 2019-2028 (IN $ MILLION)
FIGURE 12. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY BARCODE, 2019-2028 (IN $ MILLION)
FIGURE 13. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY RFID, 2019-2028 (IN $ MILLION)
FIGURE 14. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY SERIALIZATION SOLUTIONS, 2019-2028 (IN $ MILLION)
FIGURE 15. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY BOTTLE SERIALIZATION, 2019-2028 (IN $ MILLION)
FIGURE 16. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY LABEL SERIALIZATION, 2019-2028 (IN $ MILLION)
FIGURE 17. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY CARTON SERIALIZATION, 2019-2028 (IN $ MILLION)
FIGURE 18. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY DATA MATRIX SERIALIZATION, 2019-2028 (IN $ MILLION)
FIGURE 19. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY AGGREGATION SOLUTIONS, 2019-2028 (IN $ MILLION)
FIGURE 20. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY BUNDLE AGGREGATION, 2019-2028 (IN $ MILLION)
FIGURE 21. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY CASE AGGREGATION, 2019-2028 (IN $ MILLION)
FIGURE 22. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY PALLET AGGREGATION, 2019-2028 (IN $ MILLION)
FIGURE 23. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY PHARMACEUTICAL COMPANIES, 2019-2028 (IN $ MILLION)
FIGURE 24. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY MEDICAL DEVICE COMPANIES, 2019-2028 (IN $ MILLION)
FIGURE 25. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, BY OTHER END-USERS, 2019-2028 (IN $ MILLION)
FIGURE 26. ASIA-PACIFIC TRACK AND
TRACE SOLUTIONS MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN %)
FIGURE 27. CHINA TRACK AND
TRACE SOLUTIONS MARKET 2019-2028 (IN $ MILLION)
FIGURE 28. JAPAN TRACK AND
TRACE SOLUTIONS MARKET 2019-2028 (IN $ MILLION)
FIGURE 29. INDIA TRACK AND
TRACE SOLUTIONS MARKET 2019-2028 (IN $ MILLION)
FIGURE 30. SOUTH KOREA TRACK AND
TRACE SOLUTIONS MARKET 2019-2028 (IN $ MILLION)
FIGURE 31. ASEAN COUNTRIES
TRACK AND TRACE SOLUTIONS MARKET 2019-2028 (IN $ MILLION)
FIGURE 32. AUSTRALIA & NEW
ZEALAND TRACK AND TRACE SOLUTIONS MARKET 2019-2028 (IN $ MILLION)
FIGURE 33. REST OF
ASIA-PACIFIC TRACK AND TRACE SOLUTIONS MARKET 2019-2028 (IN $ MILLION)