Global Pharmaceutical Traceability Market 2020-2024
Technavio has been monitoring the pharmaceutical traceability market and it is poised to grow by $ 4.18 bn during 2020-2024 progressing at a CAGR of 21% during the forecast period. Our reports on 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing concerns over counterfeit drugs, rapid growth in drug development coupled with a growing focus on brand protection and government regulations and initiatives. In addition, growing concerns over counterfeit drugs is anticipated to boost the growth of the market as well.
The pharmaceutical traceability market analysis includes type segment and geographic landscapes.
Technavio's pharmaceutical traceability market is segmented as below:
By Geographic Landscapes
- North America
This study identifies the growth of online pharmacies as one of the prime reasons driving the pharmaceutical traceability market growth during the next few years. Also, blockchain technology and rise in outsourcing of pharmaceutical manufacturing will lead to sizable demand in the market.
Technavio 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. Our pharmaceutical traceability market covers the following areas:
- Pharmaceutical traceability market sizing
- Pharmaceutical traceability market forecast
- Pharmaceutical traceability market industry analysis
Technavio's 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 Alien Technology LLC, Avery Dennison Corp., Cognex Corp., Datalogic Spa, Dover Corp., Impinj Inc., MicroTag Temed Ltd., Mettler-Toledo International Inc., Optel Group, 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 on 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.
Technavio 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.