(EMAILWIRE.COM, March 14, 2019 ) Growth in the market is mainly driven by factors such as growing number of regulatory mandates in the healthcare industry to ensure the use of track and trace solutions market, increasing number of counterfeit medicines, and growing pharmaceutical and medical devices market across the globe.

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The market is segmented by type, technology, application, end user, and region.

By application, the track and trace solutions market is majorly segmented into serialization, aggregation, and tracking, tracing, & reporting. The serialization solutions segment accounted for the largest share of the market in 2017. Stringent regulation for the implementation of serialization solutions in packaging and supply chain applications is a key driver for market growth in this segment.

Objectives of the Study

- To define, describe, and forecast the track and trace solutions market on the basis of type, technology, application, end user, and region

- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

- To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market

- To analyze the opportunities in the track and trace solutions market for stakeholders and provide details of the competitive landscape for market leaders

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The Major Players Operating in the Track and Trace Solutions Market:

Major players in this Market are continuously focusing on securing high Market shares through product launches, expansions, agreements, partnerships, collaborations, and acquisitions.

The prominent players in the Track and Trace Solutions Market are OPTEL Group (Canada), METTLER TOLEDO (US), Systech (US), TraceLink (US), Antares Vision (Italy), Xyntek (US), Axway (US), Adents International (France), Sea Vision (Italy), Siemens (Germany), Zebra Technologies (US), ACG Worldwide (India), and Körber Medipak Systems (Switzerland)

Geographical Detailed Analysis for Track and Trace Solutions Market:

North America represented the largest regional market, followed by Europe. Although, North America will continue to dominate the Track and Trace Solutions Market during the forecast period.

The Asia Pacific (APAC) region is expected to be the fastest-growing Market in the coming years.

Growth in this region is driven by the growing geriatric population with increasing lifestyle diseases which in turn increase the demand for pharmaceuticals and medical devices, rising pharmaceutical and medical device expenditure in this region, and increasing need of secure packaging & supply chain efficiency.

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