ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET FORECAST 2019-2028

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ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET FORECAST 2019-2028

The Asia Pacific track & trace solutions market is anticipated to grow at a CAGR of 12.40% over the forecast period of 2019-2028. The high prevalence of counterfeit drugs in developing Asian countries like India and China is contributing to the market growth in the region.  The study of the Asia Pacific track & trace solutions market growth constitutes the market evaluation of India, Japan, Vietnam, Thailand, Australia & New Zealand, Indonesia, China, South Korea, and the rest of Asia Pacific.

ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET FORECAST 2019-2028

Asia Pacific Track & Trace Solutions Market by Product (Hardware Systems, Software Solutions) by Technology (Barcode, Rfid (Radio Frequency Identification)) by Application (Serialization Solutions, Aggregation Solutions) by End-user (Pharmaceutical Companies, Medical Device Companies, Other End-users) and by Geography.

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The Asia Pacific track & trace solutions market is anticipated to grow at a CAGR of 12.40% over the forecast period of 2019-2028. The high prevalence of counterfeit drugs in developing Asian countries like India and China is contributing to the market growth in the region.
Asia Pacific Track & Trace Solutions Market

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The study of the Asia Pacific track & trace solutions market growth constitutes the market evaluation of India, Japan, Vietnam, Thailand, Australia & New Zealand, Indonesia, China, South Korea, and the rest of Asia Pacific. In China, the existing tracking and tracing system was suspended in February 2016, and the CFDA announced the reformation of traceability and serialization regulations, and align them with international standards. The market is expected to showcase high growth, owing to recent changes in traceability regulations based on GSI guidelines that drive the international movement of finished pharmaceuticals. In countries like Japan, the present track & trace solutions used in the pharmaceutical industry are majorly based on barcodes and SMS technology. However, the global trend in tracking solutions is shifting away from barcode-based encoding, and instead, there is a growing demand for RFID technology in pharmaceutical tracking solutions. Hence, the market is expected to grow moderately.

The Indian pharmaceutical industry is the third-largest in the world, in terms of volume, accounting for 10% of the world’s production. The Indian government took proactive measures between 2016-2017 to ensure the safety of pharmaceuticals produced and exported from India. With the growing focus of the government to increase traceability in pharmaceutical exports, the market is scheduled for high growth. In South Korea, Hanmi Pharmaceutical became the first Korean company to implement RFID across all drug products in 2010. The growth of RFID, being the main tool of track and trace solutions in healthcare, will augment market growth.

Siemens AG is a globally operating technology company operating in the Asia Pacific, Europe, the Middle East, America, and Africa. In May 2020, Siemens and Atos launched Digital Twin solution, designed to provide enhanced efficiency and flexibility in the manufacturing of pharmaceutical products.

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  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • DEVELOPMENT OF TRACK & TRACE SOLUTIONS
    • MARKET DEFINITION
    •    KEY DRIVERS
      • GROWTH IN MEDICAL DEVICES AND PHARMACEUTICAL INDUSTRIES
      • RISE IN THE NUMBER OF PRODUCT RECALLS
      • INCREASING NUMBER OF COUNTERFEIT DRUGS
    •    KEY RESTRAINTS
      • HIGH COSTS ASSOCIATED WITH SERIALIZATION AND AGGREGATION
      • LACK OF COMMON STANDARDS FOR SERIALIZATION AND AGGREGATION
  1. KEY ANALYTICS
    • KEY INVESTMENT INSIGHTS
    •    PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  2. MARKET BY PRODUCT
    •    HARDWARE SYSTEMS
      • PRINTING & MARKING SOLUTIONS
      • MONITORING & VERIFICATION SOLUTIONS
      • LABELING SOLUTIONS
      • OTHER HARDWARE SYSTEMS
    •    SOFTWARE SOLUTIONS
      • PLANT MANAGER SOFTWARE
      • LINE CONTROLLER SOFTWARE
      • BUNDLE TRACKING SOFTWARE
      • OTHER SOFTWARE SOLUTIONS
  1. MARKET BY TECHNOLOGY
    • BARCODE
    • RFID (RADIO FREQUENCY IDENTIFICATION)
  2. MARKET BY APPLICATION
    •    SERIALIZATION SOLUTIONS
      • BOTTLE SERIALIZATION
      • LABEL SERIALIZATION
      • CARTON SERIALIZATION
      • DATA MATRIX SERIALIZATION
    •    AGGREGATION SOLUTIONS
      • BUNDLE AGGREGATION
      • CASE AGGREGATION
      • PALLET AGGREGATION
  1. MARKET BY END-USER
    • PHARMACEUTICAL COMPANIES
    • MEDICAL DEVICE COMPANIES
    • OTHER END-USERS
  2. GEOGRAPHICAL ANALYSIS
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • INDONESIA
      • THAILAND
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
  1. COMPANY PROFILES
    • ACG
    • ADENTS
    • ANTARES VISION SPA
    • AXWAY
    • METTLER-TOLEDO INTERNATIONAL INC
    • RFXCEL CORPORATION
    • OPTEL GROUP
    • SEIDENADER MASCHINENBAU GMBH
    • SEA VISION SRL
    • TRACELINK INC
    • SIEMENS AG
    • SYSTECH INTERNATIONAL
    • KORBER AG
    • XYNTEK INC
    • ZEBRA TECHNOLOGIES CORPORATION

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – TRACK & TRACE SOLUTIONS

TABLE 2: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 3: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY PRODUCT, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 4: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY HARDWARE SYSTEMS, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY HARDWARE SYSTEMS, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 6: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY SOFTWARE SOLUTIONS, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY SOFTWARE SOLUTIONS, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 8: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 9: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY TECHNOLOGY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 10: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY APPLICATION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 12: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY SERIALIZATION SOLUTIONS, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 13: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY SERIALIZATION SOLUTIONS, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 14: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY AGGREGATION SOLUTIONS, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 15: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY AGGREGATION SOLUTIONS, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 16: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 17: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY END-USER, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 18: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 19: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2019

FIGURE 6: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY HARDWARE SYSTEMS, 2019-2028 (IN $ MILLION)

FIGURE 7: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, GROWTH POTENTIAL, BY HARDWARE SYSTEMS, IN 2019

FIGURE 8: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY PRINTING & MARKING SOLUTIONS, 2019-2028 (IN $ MILLION)

FIGURE 9: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY MONITORING & VERIFICATION SOLUTIONS, 2019-2028 (IN $ MILLION)

FIGURE 10: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY LABELING SOLUTIONS, 2019-2028 (IN $ MILLION)

FIGURE 11: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY OTHER HARDWARE SYSTEMS, 2019-2028 (IN $ MILLION)

FIGURE 12: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY SOFTWARE SOLUTIONS, 2019-2028 (IN $ MILLION)

FIGURE 13: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, GROWTH POTENTIAL, BY SOFTWARE SOLUTIONS, IN 2019

FIGURE 14: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY PLANT MANAGER SOFTWARE, 2019-2028 (IN $ MILLION)

FIGURE 15: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY LINE CONTROLLER SOFTWARE, 2019-2028 (IN $ MILLION)

FIGURE 16: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY BUNDLE TRACKING SOFTWARE, 2019-2028 (IN $ MILLION)

FIGURE 17: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY OTHER SOFTWARE SOLUTIONS, 2019-2028 (IN $ MILLION)

FIGURE 18: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2019

FIGURE 19: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY BARCODE, 2019-2028 (IN $ MILLION)

FIGURE 20: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY RFID, 2019-2028 (IN $ MILLION)

FIGURE 21: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019

FIGURE 22: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY SERIALIZATION SOLUTIONS, 2019-2028 (IN $ MILLION)

FIGURE 23: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, GROWTH POTENTIAL, BY SERIALIZATION SOLUTIONS, IN 2019

FIGURE 24: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY BOTTLE SERIALIZATION, 2019-2028 (IN $ MILLION)

FIGURE 25: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY LABEL SERIALIZATION, 2019-2028 (IN $ MILLION)

FIGURE 26: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY CARTON SERIALIZATION, 2019-2028 (IN $ MILLION)

FIGURE 27: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY DATA MATRIX SERIALIZATION, 2019-2028 (IN $ MILLION)

FIGURE 28: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY AGGREGATION SOLUTIONS, 2019-2028 (IN $ MILLION)

FIGURE 29: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, GROWTH POTENTIAL, BY AGGREGATION SOLUTIONS, IN 2019

FIGURE 30: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY BUNDLE AGGREGATION, 2019-2028 (IN $ MILLION)

FIGURE 31: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY CASE AGGREGATION, 2019-2028 (IN $ MILLION)

FIGURE 32: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY PALLET AGGREGATION, 2019-2028 (IN $ MILLION)

FIGURE 33: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2019

FIGURE 34: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY PHARMACEUTICAL COMPANIES, 2019-2028 (IN $ MILLION)

FIGURE 35: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY MEDICAL DEVICE COMPANIES, 2019-2028 (IN $ MILLION)

FIGURE 36: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, BY OTHER END-USERS, 2019-2028 (IN $ MILLION)

FIGURE 37: ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 38: CHINA TRACK & TRACE SOLUTIONS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 39: JAPAN TRACK & TRACE SOLUTIONS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 40: INDIA TRACK & TRACE SOLUTIONS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 41: SOUTH KOREA TRACK & TRACE SOLUTIONS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 42: INDONESIA TRACK & TRACE SOLUTIONS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 43: THAILAND TRACK & TRACE SOLUTIONS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 44: VIETNAM TRACK & TRACE SOLUTIONS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 45: AUSTRALIA & NEW ZEALAND TRACK & TRACE SOLUTIONS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 46: REST OF ASIA PACIFIC TRACK & TRACE SOLUTIONS MARKET, 2019-2028 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • INDONESIA
      • THAILAND
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
  1. MARKET BY PRODUCT
    •    HARDWARE SYSTEMS
      • PRINTING & MARKING SOLUTIONS
      • MONITORING & VERIFICATION SOLUTIONS
      • LABELING SOLUTIONS
      • OTHER HARDWARE SYSTEMS
    •    SOFTWARE SOLUTIONS
      • PLANT MANAGER SOFTWARE
      • LINE CONTROLLER SOFTWARE
      • BUNDLE TRACKING SOFTWARE
      • OTHER SOFTWARE SOLUTIONS
  1. MARKET BY TECHNOLOGY
    • BARCODE
    • RFID (RADIO FREQUENCY IDENTIFICATION)
  2. MARKET BY APPLICATION
    •    SERIALIZATION SOLUTIONS
      • BOTTLE SERIALIZATION
      • LABEL SERIALIZATION
      • CARTON SERIALIZATION
      • DATA MATRIX SERIALIZATION
    •    AGGREGATION SOLUTIONS
      • BUNDLE AGGREGATION
      • CASE AGGREGATION
      • PALLET AGGREGATION
  1. MARKET BY END-USER
    • PHARMACEUTICAL COMPANIES
    • MEDICAL DEVICE COMPANIES
    • OTHER END-USERS

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