The “Track and Trace Solutions Market by Product (Plant Manager, Checkweigher, Barcode Scanner, Monitoring), Technology (2D Barcode, RFID), Application (Serialization, Aggregation, Reporting), End User (Pharma, Food, Medical Devices) – Global Forecast to 2026″, is projected to reach USD 7.3 billion by 2026 from USD 4.1 billion in 2021, at a CAGR of 12.1% during the forecast period.COVID-19 Impact on the Track and Trace Solutions Market;COVID-19 is an infectious disease caused by the most recently discovered novel coronavirus.Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.The World Health Organization (WHO) declared COVID-19 as a pandemic on March 11, 2020.Since the beginning of 2020, most countries worldwide shut down their borders and limited transportation in a bid to contain the coronavirus (COVID-19) outbreak, thus, creating impediments for international trade and transportation.This disrupted the supply chains for the track and trace market, temporarily leading to a fall in demand due to uncertainty in the global economy and capital markets.We estimate that the major share of the medical device industry, which includes imaging devices, dental care devices, and surgical products, contributes 60–75% of the overall medical devices market.A new USD-5–7 billion market opportunity (by 2021) is opening up in the medical devices industry, including critical care medical devices.Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=158898570“The 2D Barcode segment accounted for the largest market share in 2020.”Based on technology, the track and trace solutions market is segmented into linear barcodes, 2D barcodes, and radiofrequency identification (RFID).
2
More

Top