The pharmaceutical industry has been combating with product returns owing to overstocking or expiry, product recall logistics and counterfeit products. The pharmaceutical industry is vying for an ideal way of monitoring the pharmaceuticals in the supply chain. As such, demand for anti-counterfeit and convenient solutions as smart packaging in pharmaceutical industry has risen for it enhances supply-chain efficiency and propels product quality and usability. These insights are according to the intelligence report, titled, "RFID in Pharmaceuticals Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028," which has been latterly added to Market Research Hub’s (MRH) exhaustive repository. Propelled by accurate way of error prevention with drugs and more efficacious supply chain, incorporating RFID in pharmaceutical industry has augured well for the growth of the market. Palpable trend for chipless RFIDs has fared well for the development pharmaceutical industry as it aims to obliterate the hardware associated challenges. Meanwhile, intricacies associated with the development and designing of chipless RFID such as encoding and data transmission may derail the growth of RFID in pharmaceuticals industry. A few companies are using dielectric and semiconducting inks which may replace the chip in smart packaging RFID tags which will facilitate RFID to be more resilient to environment and cheaper. North America is expected to rule the roost in RFID in pharmaceutical market, while Europe is expected to provide lucrative opportunity to the players in the market. Popularity of generic drugs and OTC is set to provide impetus to the growth of RFID in pharmaceuticals market.
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RFID in Pharmaceuticals Market: Report Content
Qualitative and quantitative analysis underpin insightful report on the RFID in pharmaceuticals market. Nevertheless, the report comprehensively elucidates facets of the market that are expected to have palpable impact on the growth of the RFID in pharmaceuticals market. Those facets include drivers, restraints, opportunities and trends. Further, the report delineates segmentation of the market which aims at offering a thorough analysis on RFID in pharmaceuticals.
A deep-dive and insightful analysis of the competitive landscape of the RFID in pharmaceuticals market counts on Porters’ Five Force Analysis. Furthermore, the Porters’ Five Force Analysis provides an exhaustive analysis on the likely strategies of the leading players in the RFID in pharmaceuticals market. Moreover, the business strategies hinges upon product portfolio, company overview, SWOT analysis, recent development and key differentiation.
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RFID in Pharmaceuticals Market: Research Methodology
Primary research and secondary research accentuate insightful report on RFID in pharmaceuticals market, which provide in-depth assessment on the market. Accordingly, the report offers unbiased and reliable projections, and analysis that have considerable bearing on the historical data and market size. In addition, the report is based on primary sources which is propelled by in-depth and intelligent analysis from telephonic interview, well-ground experts, and exhaustive insights from seasoned analyst and surveys. On the other hand, the secondary sources hugely depends on press release, Factiva, trade journals, EC filing, governmental websites and resourceful database.
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Demand for Anti-Counterfeit and Convenient Solutions for Smart Packaging Accentuates Growth in RFID
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