TRACK AND TRACE SOLUTIONS MARKET ANALYSIS

Regional Analysis

Global Track and Trace Solutions Market: Regional Insights

North America is anticipated to show promising growth in the global track and trace solutions market over the forecast period. This can be attributed to presence of major market players such as METTLER TOLEDO International Inc., rfxcel Corporation, and others in the region. Moreover, availability of advanced healthcare infrastructure, and widespread adoption of track and trace solutions in the region are the factors supporting growth of the market in North America. Moreover, increasing development of advanced track and trace technology is driving the adoption of barcode systems in the region, as it offers efficient inventory management and ease of operation. Thus, the region is likely to show strong growth in the near future.

Moreover, Europe is also projected to exhibit major growth in the global track and trace solutions market during the forecast period, owing to presence of developed countries in the region such as the U.K., Germany, France, Italy, and Turkey. Moreover, the E.U. is aiming progressive implementation of track and trace solutions in the healthcare supply chain for dealing with drug counterfeiting and theft in the region. Thus, the adoption of track and trace solutions is growing in the region, which is likely to augment growth of the market.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa