Radio-Frequency Identification (RFID) in Pharmaceuticals Market will Register a CAGR of 10% through 2029 - PowerPoint PPT Presentation

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Radio-Frequency Identification (RFID) in Pharmaceuticals Market will Register a CAGR of 10% through 2029

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uture Market Insights (FMI), in its new study, finds that the radio-frequency identification (RFID) in pharmaceuticals market was valued at over US$ 950 Mn in 2018, and is estimated to register a Y-o-Y growth at approximately 10% in 2019. Prospects remain remarkable for the RFID in pharmaceuticals industry, as efficiency-led actions of players continue to enhance the reliability and accuracy of their business operations. – PowerPoint PPT presentation

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Title: Radio-Frequency Identification (RFID) in Pharmaceuticals Market will Register a CAGR of 10% through 2029


1
Radio-Frequency Identification (RFID) in
Pharmaceuticals Market
  • March 2020

Report Id REP-GB-9508 Published On May 9,
2019 Category Electronics, Semiconductors, and
ICT
2
About Future Market Insights
Future Market Insights (FMI) is a premier
provider of syndicated research reports, custom
research reports, and consulting services. We
deliver a complete packaged solution, which
combines current market intelligence, statistical
anecdotes, technology inputs, valuable growth
insights, aerial view of the competitive
framework, and future market trends. We provide
research services at a global as well as regional
level key regions include GCC, ASEAN,
and BRIC. Our offerings cover a broad spectrum of
industries including Chemicals, Materials,
Energy, Technology, Healthcare, and Retail. We
have a global presence with delivery centers
across India specializing in providing global
research reports and country research reports.
FMI is headquartered out of London, U.K., with a
state-of-the-art delivery center located in Pune,
India. We combine our knowledge and learning from
every corner of the world to distill it to one
thing the perfect solution for our client.
Research Capabilities
Sector Coverage
  • Customized Research
  • Syndicated Research
  • Investment Research
  • Social Media Research

  • Automotive and Transportation
  • Electronics, Semiconductor, and ICT
  • Retail and Consumer Products
  • Industrial Automation and Equipment
  • Chemicals Materials
  • Food and Beverages
  • Services and Utilities
  • Energy, Mining, Oil, and Gas

Subscription Information

For detailed subscription information please
contact Hari. T (Sr. Manager - Global Business
Development) T 44 (0) 20 7692 8790 D 44
20 3287 4268 Email hari.t_at_futuremarketinsights.co
m
3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
FMI delivers industry insights and information in the required format (PDF)
  • Identifying key opinion leaders
  • Questionnaire design
  • In-depth interviews
  • Coverage across value chain
  • Key industry experts
  • Channel study
  • Developments
  • Market dynamics
  • Products
  • Conclusions

SOLUTION
  • Market participants
  • Key strengths
  • Product portfolio
  • Mapping as per value chain
  • Key focus segments

Primary Research
Secondary Research
Paid Publications
  • Linkedin
  • Zoominfo
  • Salesforce
  • Avention
  • Factiva
  • GBI
  • Genios
  • Meltwater
  • Company websites
  • Company annual reports
  • White papers
  • Financial reports

includes sources of databases
4
Radio-Frequency Identification (RFID) in
Pharmaceuticals Market Analysis
Future Market Insights (FMI), in its new study,
finds that the radio-frequency identification
(RFID) in pharmaceuticals market was valued at
over US 950 Mn in 2018, and is estimated to
register a Y-o-Y growth at approximately 10 in
2019. Prospects remain remarkable for the RFID
in pharmaceuticals industry, as efficiency-led
actions of players continue to enhance the
reliability and accuracy of their business
operations. The study finds that drug tracing
system remains the most lucrative application of
RFID in pharmaceutical industry, accounting for
approximately 60 sales. Efforts of the FDA, in
collaboration with pharmaceutical suppliers, to
maintain a secure drug supply in the wake of
rising counterfeit drugs prevalence, has
encouraged the pharmaceutical industry to use
RFID in combination with the electronic product
code (EPC) for real-time tracking, tracing, and
authentication of drugs.
5
Radio-Frequency Identification (RFID) in
Pharmaceuticals Market Analysis
According to the study, such preventative
measures against infiltration of counterfeit
drugs are likely to have a positive economic
influence on legitimate companies, who are now
focusing on the deployment of anti-counterfeiting
solutions. Focus of the organized players in the
pharmaceutical sector to safeguard authenticity
of their products, while creating moats for
counterfeiters, will continue to favour growth of
the RFID in pharmaceutical market. Chipless
RFID Sales Remain Over 2X of Chipped
RFID According to the study, chipless RFIDs
continue to gain robust attractiveness in the
pharmaceutical industry, as they eliminate the
hardware-related challenges associated with their
chipped counterparts. Additionally, RFIDs without
ICs allude at significant cost reduction of the
component, in turn complementing their
development and demand on a wide scale. However,
complexities linked with designing and
development of chipless RFID, such as data
transmission and encoding, continue to sustain
the demand for the chipped RFID to a certain
extent. The study finds that sales of chipless
RFID will remain over 2X that of the chipped RFID
in 2019.
6
Radio-Frequency Identification (RFID) in
Pharmaceuticals Market Analysis
The study expects RFID reader to remain the core
component in the RFID in pharmaceutical market,
with growing focus of pharma suppliers on
effective identification of products prior to
their collection, storage and shipping. Gains in
the RFID in pharmaceutical market will remain
complemented by sales of RFID tags, with revenues
in 2018 accounting for over one-third market
share. Adoption Remains High among Drug
Manufacturers Application diversity of RFID in
pharmaceutical industry has led its adoption
among a wide range of end-users that range from
drug manufacturers and drug wholesalers, to
hospitals and clinics. The report estimates drug
manufacturers to account for leading shares of
the RFID in pharmaceutical market, who are
constantly emphasizing on ensuring the
authenticity of their products in the market.
Adoption is expected to witness high-growth among
drug wholesalers and hospitals and clinics, which
collectively account for over two-fifth share of
the market.
7
Radio-Frequency Identification (RFID) in
Pharmaceuticals Market Analysis
The study states that North America will remain
the leading market for RFID in pharmaceutical,
with Europe following the suit. Supremacy of
developed economies in the RFID in pharmaceutical
market is significantly attributed to stringent
standards regulations implemented for
serialization, and relative greater prevalence of
OTC and generic drugs in these regions.
Additionally, focus of players in developed
markets remains strong on brand protection, and
preventing packaging-related product recalls,
which in turn augurs well for growth of the RFID
in pharmaceutical market. Press Release Source
https//www.prnewswire.com/news-releases/rfid-in-p
harmaceuticals-market-is-projected-to-expand-at-a-
cagr-of-approximately-9-0-during-the-forecast-peri
od-2018-to-2028--future-market-insights-300848683.
html
8
Radio-Frequency Identification (RFID) in
Pharmaceuticals Market Analysis
  • More from FMIs Electronics, Semiconductors, and
    ICT Market Intelligence
  • Connected Logistics Market
  • Workstation Market
  • Call Centre Market
  •  
  • About Future Market Insights (FMI)
  • Future Market Insights (FMI) is a leading
    provider of market intelligence and consulting
    services, serving clients in over 150 countries.
    FMI is headquartered in London, the global
    financial capital, and has delivery centers in
    the U.S. and India. FMIs largest market research
    reports and industry analysis help businesses
    navigate challenges and take critical decisions
    with confidence and clarity amidst breakneck
    competition.

9
Radio-Frequency Identification (RFID) in
Pharmaceuticals Market Analysis
Contact Mr. Abhishek Budholiya Unit No AU-01-H
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ture Market Insights
For more insights on the Radio-Frequency
Identification (RFID) in Pharmaceuticals
Market, you can request a report sample with full
TOC at https//www.futuremarketinsights.com/report
s/sample/rep-gb-9508
10
To know more about us, please visit our website
www.futuremarketinsights.com For sales queries
or new topics email us on sales_at_futuremarketinsi
ghts.com For media queries, contact the press
office at press_at_futuremarketinsights.com For
other queries contact Hari. T (Sr. Manager -
Global Business Development) Future Market
Insights 3rd Floor, 207 Regent Street, London
W1B 3HH T 44 20 7692 8790 D 44 20 3287
4268 Email hari.t_at_futuremarketinsights.com
Thank You
Future Market Insights Global Consulting
Private Limited (FMI)
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