North America Track And Trace Solutions Market Size & Outlook
Global Report
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North America track and trace solutions market highlights
- The North America track and trace solutions market generated a revenue of USD 1,316.4 million in 2022.
- The market is expected to grow at a CAGR of 18.2% from 2023 to 2030.
- In terms of segment, software solutions was the largest revenue generating product in 2022.
- Hardware Systems is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 1,316.4 million |
| Market revenue in 2030 | USD 5,014.9 million |
| Growth rate | 18.2% (CAGR from 2023 to 2030) |
| Largest segment | Software solutions |
| Fastest growing segment | Hardware Systems |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware Systems, Software Solutions |
| Key market players worldwide | Axway, Mettler-Toledo International Inc, TraceLink, Adents, Antares Vision SpA, Siemens AG, Korber AG, Dover Corp, Optimum Interactive USA Ltd, ACG World |
Other key industry trends
- In terms of revenue, North America region accounted for 37.4% of the track and trace solutions market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,710.8 million by 2030.
North America comprises the U.S. and Canada. This region accounted for a share of 38.0% of the track and trace solutions market owing to the presence of highly regulated serialization & aggregation standards, as well as advanced healthcare infrastructure.
Automatic identification technologies, including barcoding and RFID, are recommended to pharmaceutical and other healthcare companies by the FDA. In September 2013, the Drug Quality and Security Act—H.R. 3204—was passed. This bill, also called Pharma track and trace bill, was approved by Senate as a U.S. federal law effective November 2013.
According to this law, manufacturers, wholesalers, and repackagers are required to provide and/or receive pedigree for each transaction. In addition, manufactures are needed to incorporate a product identifier number on each package and case of prescription drug.
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Publish Date: Nov 05, 2025
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Track And Trace Solutions Market Scope
Track And Trace Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| Dover Corp | View profile | 25,000 | 3005 Highland Parkway, Downers Grove, IL, United States, 60515 | www.dovercorporation.com |
| Antares Vision SpA | View profile | 1,300 | Via Del Ferro 16, Travagliato, Brescia, Italy, 25039 | www.antaresvisiongroup.com |
| Mettler-Toledo International Inc | View profile | 17,300 | 1900 Polaris Parkway, Columbus, OH, United States, 43240 | www.mt.com |
| Axway | View profile | 1001-5000 | Phoenix, Arizona, United States, North America | www.axway.com |
| TraceLink | View profile | 501-1000 | North Reading, Massachusetts, United States, North America | tracelink.com |
| Adents | View profile | 101-250 | Antony, Ile-de-France, France, Europe | adents.com |
| Korber AG | View profile | 10001+ | Hamburg, Hamburg, Germany, Europe | www.koerber.com/en/ |
| Optimum Interactive USA Ltd | View profile | - | 4600 Campus Drive, Suite 106, Newport Beach, CA, United States, 92660 | www.celect.org |
| ACG World | View profile | 1001-5000 | Mumbai, Maharashtra, India, Asia | www.acg-world.com/ |
North America Track And Trace Solutions Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Track And Trace Solutions Market Outlook will help companies and investors design strategic landscapes.
Software Solutions was the largest segment with a revenue share of 54.76% in 2022.
Horizon Databook has segmented the North America track and trace solutions market based on hardware systems, software solutions covering the revenue growth of each sub-segment from 2017 to 2030.
North America comprises the U.S. and Canada. This region accounted for a share of 38.0% of the global track and trace solutions market owing to the presence of highly regulated serialization & aggregation standards, as well as advanced healthcare infrastructure.
Automatic identification technologies, including barcoding and RFID, are recommended to pharmaceutical and other healthcare companies by the FDA. In September 2013, the Drug Quality and Security Act—H.R. 3204—was passed. This bill, also called Pharma track and trace bill, was approved by Senate as a U.S. federal law effective November 2013.
According to this law, manufacturers, wholesalers, and repackagers are required to provide and/or receive pedigree for each transaction. In addition, manufactures are needed to incorporate a product identifier number on each package and case of prescription drug.
- North America Track And Trace Solutions Market Product Type Outlook (Revenue, USD Million , 2017-2030)
- Hardware Systems
- Software Solutions
- North America Track And Trace Solutions Market Technology Outlook (Revenue, USD Million , 2017-2030)
- Barcodes
- RFID
- North America Track And Trace Solutions Market Application Outlook (Revenue, USD Million , 2017-2030)
- Serialization solutions
- Aggregation solutions
- North America Track And Trace Solutions Market End Use Outlook (Revenue, USD Million , 2017-2030)
- Pharmaceutical & Biopharmaceutical Companies
- Medical Device Companies
- Healthcare Others
- Food and Beverage
- Consumer Goods
- Luxury Goods
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America Track And Trace Solutions Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Track And Trace Solutions Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
North America Track And Trace Solutions Market, 2017-2030 (US$M)
North America Product - Track And Trace Solutions Market Statistics, 2022 - 2030 (US$M)
