Towards Healthcare
Track and Trace Solutions Market to Grow at 18.95% CAGR till 2034

Track and Trace Solutions Market Growth Driven by AI, RFID, and Serialization - Forecast 2025 to 2034

Based on market forecasts, the track and trace solutions sector will expand from USD 7 billion in 2024 to USD 39.22 billion by 2034, experiencing a CAGR of 18.95%. The track and trace solutions market is growing because of rising regulatory requirements for traceability and serialization in the safety of food, medical devices, and pharmaceuticals. North America is dominant in the market due to early adoption of advanced technology and growing focus on product safety. 

Content

  • Insight Code: 6025
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Published: August 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2022
  • Base Year: 2023
  • Estimated Years: 2024-2033

About The Author

Shivani Zoting is a dedicated research analyst specializing in the healthcare industry. With a strong academic foundation, a B.Sc. in Biotechnology and an MBA in Pharmabiotechnology, she brings a unique blend of scientific understanding and market strategy to her research.

Shivani contributes to Towards Healthcare and plays an active role at Precedence Research, where she focuses on delivering in-depth market intelligence, competitive analysis, and trend forecasting across pharmaceuticals, medical devices, digital health, and healthcare services. Her insights support healthcare companies, investors, and policymakers in making data-backed decisions in a highly regulated and rapidly evolving sector.

Additionally, Shivani collaborates with Statifacts, further expanding her healthcare domain reach by engaging in diverse projects across global markets. Her strength lies in transforming complex clinical and commercial data into strategic narratives that help stakeholders navigate the future of healthcare.

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FAQ's

The track and trace solutions market holds a valuation of USD 8.33 billion as of 2025, and will expand to USD 39.22 billion by 2034, achieving a CAGR of 18.95% between 2024 and 2034.

North America is currently leading the track and trace solutions market due to the increasing healthcare spending and government support.

Some key players include Zebra Technologies Corporation, Systech International, Optel Group, Tracelink, Inc., SML Group, and Honeywell International Inc..

Key trends include regulatory compliance and supply chain security, and rising demand for cloud-based solutions.

Track and trace in logistics is a system that enables businesses to locate and monitor the movement of their goods and assets throughout the supply chain.

Ministry of Health and Family Welfare, Government of India, National Institutes of Health, FDA, WHO, PIB, CDC.
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