Market Research Report
North America Track & Trace Solutions Market Forecast 2019-2028
|Published by||Inkwood Research||Product code||945455|
|Published||Content info||128 Pages
Delivery time: 2-3 business days
|North America Track & Trace Solutions Market Forecast 2019-2028|
|Published: June 30, 2020||Content info: 128 Pages||
The North America track & trace solutions market is estimated to record a CAGR of 11.65% over the projected period of 2019-2028. The presence of eminent biopharmaceuticals, pharmaceuticals, and medical devices companies in the US and Canada is a significant factor contributing to the high adoption rate of track and trace in the region.
The North America track & trace solutions market growth is surveyed by segmenting the region into the United States and Canada. In Canada, Health Canada seized 5,500 packages of fake drugs between April 2016 and March 2017, which shows that the threat of counterfeit drugs is on the rise. Health Canada has established strict rules for pharmaceutical companies, owing to the increasing number of counterfeit drugs to improve the safe use of health products. The Canadian Pharmaceutical Barcoding Project has provided recommendations for product identification and preparation for expected serialization regulations. The guidelines are developed by an affiliation between Health Canada and the ISMP Canada, advised by discussions with the stakeholders and an expert panel, which includes health professionals and patient safety groups, together with international regulatory authorities and specialists. The adoption of a Canadian standard of serialization of pharmaceutical drugs will enable the manufacturers to protect the consumers from fake products as well as promote brand protection and protection of products from forgery.
Some of the well-established companies functioning in the region are Mettler-Toledo International Inc, Tracelink Inc, Axway, Optel Group, Zebra Technologies Corporation, etc.
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