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RFID in Pharmaceuticals Market Share

Report ID: GMI11207
Published Date: Sep 2024
Report Format: PDF

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RFID in Pharmaceuticals Market Share

The RFID in pharmaceuticals industry is characterized by the presence of several established and emerging players that offer a range of RFID solutions and technologies across the globe. The competitive landscape is marked by companies striving to differentiate themselves through the accuracy of tracing, efficiency of processing, and innovation in AI technologies. Adherence to regulatory standards and competitive pricing strategies are also key factors in this market. The increasing demand for real-time tracking, inventory management, and anti-counterfeiting measures in the pharmaceutical supply chain, coupled with stringent regulations, is driving continuous innovation and expansion of product offerings, intensifying competition within the industry.

RFID in Pharmaceuticals Market Companies

Prominent players operating in the RFID in pharmaceuticals industry include:

Alien Technology, LLC
AVERY DENNISON CORPORATION
Blue Vector
CCL Healthcare
Checkpoint Systems, Inc.
Denso Wave
GAO Group
Impinj Inc.
Intermec, Inc.
Tageos
Terso Solutions Inc.
Zebra Technologies Corp
.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The RFID in pharmaceuticals industry size was valued at USD 3.8 billion in 2023 and is anticipated to witness over 7.7% CAGR between 2024 and 2032 driven by the increasing occurrence of counterfeit drugs, and technological advancements in RFID technologies.

The RFID tags segment was valued at USD 1.7 billion in 2023 and plays a crucial role in the pharmaceutical supply chain by ensuring product traceability and preventing counterfeit drugs.

North America RFID in pharmaceuticals market was worth USD 1.5 billion in 2023 and will register a 6.6% CAGR through 2032, due to a high level of innovation and infrastructure readiness in the pharmaceutical sector.

Alien Technology, LLC, AVERY DENNISON CORPORATION, Blue Vector, CCL Healthcare, and Checkpoint Systems, Inc., among others.