Global Pharmaceutical Traceability Market 2024-2028

Global Pharmaceutical Traceability Market 2024-2028

The pharmaceutical traceability market is forecasted to grow by USD 17.92 bn during 2023-2028, accelerating at a CAGR of 23.44% during the forecast period. The report on the pharmaceutical traceability market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing concerns over counterfeit drugs, rapid growth in drug development coupled with a growing focus on brand protection, and government regulations and initiatives regarding counterfeit drugs and medicines.

Technavio's pharmaceutical traceability market is segmented as below:

By Type

Barcode

RFID

GPS

Biometrics and others

By Application

Pharmaceutical factories

Hospitals

Pharmacies

Others

By Geography

North America

Europe

Asia

Rest of World (ROW)

This study identifies the growing integration of blockchain technology in traceability solutions as one of the prime reasons driving the pharmaceutical traceability market growth during the next few years. Also, growth of online pharmacies and rise in outsourcing of pharmaceutical manufacturing will lead to sizable demand in the market.

The report on the pharmaceutical traceability market covers the following areas:

Pharmaceutical traceability market sizing

Pharmaceutical traceability market forecast

Pharmaceutical traceability market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pharmaceutical traceability market vendors that include AlpVision SA, Antares Vision S.p.A, Authentix Inc., Avery Dennison Corp., Axway Software SA, Bar Code India Ltd., Cognex Corp., Controlant hf., Datalogic SpA, Dover Corp., Impinj Inc., Logista Pharma SAU, Mettler Toledo International Inc., Optel Group, Oracle Corp., rfxcel Corp., SAP SE, SATO Holdings Corp., TraceLink Inc., and Zebra Technologies Corp.. Also, the pharmaceutical traceability market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.