Pharmaceutical Traceability Market to Record a CAGR of 20.02%, Asia to be Largest Contributor to Market Growth – Technavio


NEW YORK, Oct. 6, 2022 /PRNewswire/ — The pharmaceutical traceability market has been segmented by type (barcode, RFID, GPS, and others) and geography (North America, Europe, Asia, and the Rest of the World (ROW)). Asia will account for 39% of the market’s growth during the forecast period. The growth of this region is attributed to factors such as the increasing number of pharmaceutical companies, the rising incidence of various chronic and lifestyle diseases, growing demand for the outsourcing of activities associated with drug manufacturing, rapid advances in drug development, and the presence of global vendors.

The pharmaceutical traceability market size is expected to grow by USD 9.37 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 20.02% during the forecast period, according to Technavio.

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Pharmaceutical Traceability Market: Segmentation Analysis

By type, the barcode segment will be the largest contributor to market growth during the forecast period. The adoption of barcodes is high, as they are less expensive than RFID tags. Moreover, they are easy to use and have high accuracy levels. In addition, governments are introducing new initiatives and laws to promote the use of barcodes in the pharmaceutical industry.

Learn about the contribution of each segment of the pharmaceutical traceability market, which is summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

Pharmaceutical Traceability Market: Driver and Trend

The growing concerns regarding counterfeit drugs are driving the growth of the market. Counterfeit drugs are manufactured fraudulently. In addition, the sources, ingredients, or other information can be mislabeled. Customers purchase counterfeit drugs due to the lack of awareness or the low prices of such drugs. Moreover, the outbreak of the novel coronavirus disease (COVID-19) pandemic has led to an increase in the circulation of counterfeit drugs, especially in developing countries. The large disparity between demand and supply, because of the shortage of raw materials as well as logistics challenges, has increased the manufacturing and marketing of counterfeit drugs. Thus, the growth in the availability of counterfeit drugs has increased the demand for anti-counterfeiting technologies that use various traceability systems. This, in turn, is fueling the growth of the global pharmaceutical traceability market.

Blockchain technology is a trend in the market. Some of the features of this technology include decentralization, immutability, and authentication. Moreover, large amounts of data generated by implementing serialization must be managed, stored, and accessed only by authorized players. Blockchain is the ideal solution for this, as serial codes can be stored and only authorized parties can add or access the information. Distributed ledgers can store the serial codes containing the product information. The stored information is immutable, which enables high levels of security. In addition, the decentralized feature of blockchain protects the information from getting compromised.

Technavio has identified key trends, drivers, and challenges in the pharmaceutical traceability market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report

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Pharmaceutical Traceability Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 20.02%

Market growth 2022-2026

USD 9.37 billion

Market structure

Fragmented

YoY growth (%)

19.34

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

Asia at 39%

Key consumer countries

US, Germany, UK, France, and China

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Adents High Tech International, Alien Technology LLC, AlpVision SA, Authentix Inc, Avery Dennison Corp., Axway Software SA, Bar Code India Ltd, Cognex Corp., Datalogic Spa, Dover Corp., Impinj Inc., Logista Pharma SAU, Mettler Toledo International Inc., MicroTag Temed Ltd, Optel Group, rfxcel Corp., SATO Holdings Corp., TraceLink Inc., and Zebra Technologies Corp.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse Health Care Market Reports

Table of Contents

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Type

  • 5.1 Market segments 
    • Exhibit 24: Chart on Type – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Type – Market share 2021-2026 (%)
  • 5.2 Comparison by Type 
    • Exhibit 26: Chart on Comparison by Type
    • Exhibit 27: Data Table on Comparison by Type
  • 5.3 Barcode – Market size and forecast 2021-2026
    • Exhibit 28: Chart on Barcode – Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Barcode – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Barcode – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Barcode – Year-over-year growth 2021-2026 (%)
  • 5.4 RFID – Market size and forecast 2021-2026
    • Exhibit 32: Chart on RFID – Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on RFID – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on RFID – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on RFID – Year-over-year growth 2021-2026 (%)
  • 5.5 GPS – Market size and forecast 2021-2026
    • Exhibit 36: Chart on GPS – Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on GPS – Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on GPS – Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on GPS – Year-over-year growth 2021-2026 (%)
  • 5.6 Others – Market size and forecast 2021-2026
    • Exhibit 40: Chart on Others – Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Others – Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Others – Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Others – Year-over-year growth 2021-2026 (%)
  • 5.7 Market opportunity by Type 
    • Exhibit 44: Market opportunity by Type ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 48: Chart on Geographic comparison
    • Exhibit 49: Data Table on Geographic comparison
  • 7.3 North America – Market size and forecast 2021-2026
    • Exhibit 50: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.4 Europe – Market size and forecast 2021-2026
    • Exhibit 54: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.5 Asia – Market size and forecast 2021-2026
    • Exhibit 58: Chart on Asia – Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Asia – Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Asia – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Asia – Year-over-year growth 2021-2026 (%)
  • 7.6 Rest of World (ROW) – Market size and forecast 2021-2026
    • Exhibit 62: Chart on Rest of World (ROW) – Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on Rest of World (ROW) – Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on Rest of World (ROW) – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Rest of World (ROW) – Year-over-year growth 2021-2026 (%)
  • 7.7 US – Market size and forecast 2021-2026
    • Exhibit 66: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.8 China – Market size and forecast 2021-2026
    • Exhibit 70: Chart on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.9 Germany – Market size and forecast 2021-2026
    • Exhibit 74: Chart on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 7.10 UK – Market size and forecast 2021-2026
    • Exhibit 78: Chart on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on UK – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on UK – Year-over-year growth 2021-2026 (%)
  • 7.11 France – Market size and forecast 2021-2026
    • Exhibit 82: Chart on France – Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on France – Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on France – Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on France – Year-over-year growth 2021-2026 (%)
  • 7.12 Market opportunity by geography 
    • Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape 
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption 
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks 
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered 
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 Adents High Tech International 
    • Exhibit 93: Adents High Tech International – Overview
    • Exhibit 94: Adents High Tech International – Product / Service
    • Exhibit 95: Adents High Tech International – Key offerings
  • 10.4 Alien Technology LLC 
    • Exhibit 96: Alien Technology LLC – Overview
    • Exhibit 97: Alien Technology LLC – Product / Service
    • Exhibit 98: Alien Technology LLC – Key offerings
  • 10.5 AlpVision SA 
    • Exhibit 99: AlpVision SA – Overview
    • Exhibit 100: AlpVision SA – Product / Service
    • Exhibit 101: AlpVision SA – Key offerings
  • 10.6 Authentix Inc 
    • Exhibit 102: Authentix Inc – Overview
    • Exhibit 103: Authentix Inc – Product / Service
    • Exhibit 104: Authentix Inc – Key offerings
  • 10.7 Avery Dennison Corp. 
    • Exhibit 105: Avery Dennison Corp. – Overview
    • Exhibit 106: Avery Dennison Corp. – Business segments
    • Exhibit 107: Avery Dennison Corp. – Key news
    • Exhibit 108: Avery Dennison Corp. – Key offerings
    • Exhibit 109: Avery Dennison Corp. – Segment focus
  • 10.8 Cognex Corp. 
    • Exhibit 110: Cognex Corp. – Overview
    • Exhibit 111: Cognex Corp. – Product / Service
    • Exhibit 112: Cognex Corp. – Key offerings
  • 10.9 Datalogic Spa 
    • Exhibit 113: Datalogic Spa – Overview
    • Exhibit 114: Datalogic Spa – Business segments
    • Exhibit 115: Datalogic Spa – Key news
    • Exhibit 116: Datalogic Spa – Key offerings
    • Exhibit 117: Datalogic Spa – Segment focus
  • 10.10 Impinj Inc. 
    • Exhibit 118: Impinj Inc. – Overview
    • Exhibit 119: Impinj Inc. – Product / Service
    • Exhibit 120: Impinj Inc. – Key offerings
  • 10.11 Mettler Toledo International Inc. 
    • Exhibit 121: Mettler Toledo International Inc. – Overview
    • Exhibit 122: Mettler Toledo International Inc. – Business segments
    • Exhibit 123: Mettler Toledo International Inc. – Key offerings
    • Exhibit 124: Mettler Toledo International Inc. – Segment focus
  • 10.12 Zebra Technologies Corp. 
    • Exhibit 125: Zebra Technologies Corp. – Overview
    • Exhibit 126: Zebra Technologies Corp. – Business segments
    • Exhibit 127: Zebra Technologies Corp. – Key news
    • Exhibit 128: Zebra Technologies Corp. – Key offerings
    • Exhibit 129: Zebra Technologies Corp. – Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 130: Inclusions checklist
    • Exhibit 131: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 132: Currency conversion rates for US$
  • 11.4 Research methodology 
    • Exhibit 133: Research methodology
    • Exhibit 134: Validation techniques employed for market sizing
    • Exhibit 135: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 136: List of abbreviations
About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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