Summary
The RFID (Radio Frequency Identification) technology has generated a lot of interest in the present times. Most of the pharmaceutical companies have turned to the RFID technology to keep a tab on the cases of drug counterfeit and faulty medical equipment. The market research report RFID in Pharmaceutical Sector (2005) gives an in-depth analysis of RFID in Pharmaceutical Sector. The research report also examines the important reasons and benefits that are driving the pharmaceutical companies to adopt and implement RFID systems.
Applications of RFID systems in the pharmaceutical sector took off in 2004 due to the FDA (Food and Drug Administration) endorsements, impending pedigree laws (for administering the pedigree drugs) and Wal-Mart mandate (to implement RFID applications in their stores).
Due to these reasons, the worldwide RFID market has grown tremendously and has a promising future.
The pharmaceutical companies had suffered a loss of $2 billion due to overstocking and expirations. More than that, the companies have lost more than $30 billion due to drug counterfeiting. The pharmaceutical makers, distributors, and retailers have now taken up RFID systems to enhance the data driven supply chain visibility and information sharing solutions. Tracking counterfeit drugs and medicines can be done easily.
FDA has recommended RFID tracking in pharmaceutical supply chain and state governments in the U.S. by 2007; that includes verification of drug shipments from manufacturer to retailer. This market research report discusses the current trends in the RFID market, RFID revenue, drug tracking and retailing, and the future forecasts. The emerging technologies, policies, and investments in the RFID projects are also highlighted.
Report Features
Chapters 1, 2, and 3 talk about the use and benefits of RFID technology in pharmaceutical sector. Chapter 4 discusses the applications of RFID in the pharma sector. Chapter 5 highlights the use of UHF or HF technology for item-level tagging. Chapter 6 discusses the policies and role of government in implementation of RFID in pharmaceutical sector. Chapters 7, 8, 9, and 10 discuss the market barriers, opportunities, and challenges and pilot projects in the industry. Chapter 11 talks about the worldwide RFID market by geographic segmentation, hardware, software and services. Chapters 12 and 13 talk about the recent developments and key players of the industry.
Report Highlights
- Identifying key uses for RFID Applications in Pharmaceutical
- Benefits of RFID for Pharmaceutical Sector
- Applications of RFID in Manufacturing Sector
- Barriers to RFID Entry in Pharmaceutical Sector
- State of pedigree laws and when do they come into effect
- Will companies use UHF or HF technology for item level tracking?
- RFID pilot projects in the sector
- Worldwide RFID Market forecast till 2010
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