Market Research Report
Asia Pacific Track & Trace Solutions Market Forecast 2019-2028
|Published by||Inkwood Research||Product code||945453|
|Published||Content info||117 Pages
Delivery time: 2-3 business days
|Asia Pacific Track & Trace Solutions Market Forecast 2019-2028|
|Published: June 30, 2020||Content info: 117 Pages||
The Asia Pacific track & trace solutions market is evaluated to record a CAGR of 12.40% during the estimated period, 2019-2028. The presence of pharmaceuticals and biopharmaceuticals, economic growth in budding markets, and unexplored opportunities in the region are stimulating the Asia Pacific market growth.
The Asia Pacific track & trace solutions market is further researched by dividing the region into Indonesia, South Korea, China, Thailand, Australia & New Zealand, Japan, India, Vietnam, and the rest of Asia Pacific including Singapore, Philippines, and others. In Indonesia, the major techniques utilized in the surveillance of product shipment include RFID and barcode recognition. The factors boosting Indonesia's market growth are strict regulations & standards to effectuate serialization, an increase in the medical devices and pharmaceutical industries, and a rise in the number of packaging-related product recalls. Thailand is witnessing major investments in the public and private sectors, drugs and medical service sectors, and medical equipment. The yearly growth rate in 2019 of the medical device and equipment market was 15%.
In Vietnam, economic and population growth are augmenting the demand for healthcare services. The government is investing in the upgradation of provincial public hospitals. These progressions are creating new prospects for medical devices in Vietnam. The New Zealand market is driven by growing demand from population growth. Expenditure on healthcare and medicines exhibits strong potential for infrastructure building, new medicine development, and expansion opportunities. In the rest of Asia Pacific, inadequate serialization, encoding, printing, etc. present opportunities for market finances and growth.
Some of the acclaimed companies functioning in the market are Zebra Technologies Corporation, Siemens AG, Systech technology, Mettler-Toledo International Inc, Korber AG, etc.
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