Follow on Google News News By Tag Industry News Country(s) Industry News
Follow on Google News | “The global pharmaceutical anti-counterfeiting technologies market will reach $1.11bn in 2014"LONDON, UK, 15th November 2013: A new report by visiongain calculates the global pharmaceutical anti-counterfeiting technologies market will reach $1.11bn in 2014 and its revenues will show strong growth to 2024.
By: visiongain Moses Akintomide-Akinwamide, the lead visiongain analyst of the report, specialising in the medical technology and pharmaceutical markets explains: “The pharmaceutical anti-counterfeiting technologies market will witness significant opportunities for growth in the coming decade. An array of innovative and cost-effective anti-counterfeiting solutions is expected to be launched into the market by 2017. These innovative technologies, coming particularly from the fast growing radio-frequency identification (RFID) sector, will help in driving revenue growth in this market. We also expect innovations in the RFID sector to propel sales up significantly in the emerging economies as these technologies begin to gain market penetration” “Between 2012 and 2017, growth in the market will be fuelled by government mandates that will require the unique serialisation of pharmaceutical products. In the US, these mandates have been proposed in California and Florida and there is a debate for it to be implemented nationwide. Growth will also be driven by the rising publicity given to technological solutions for track-and-trace purposes. Pharmaceutical companies are coming to the realisation that drug counterfeiting poses a significant danger to their brand’s reputation and patient safety.” The pharmaceutical anti-counterfeiting technologies market is comprised of a varied number of companies from large dominant multinationals to small and medium-sized firms. RFID technology currently makes up the biggest sector of the market, with 36.1% of the market share. RFID is an emerging technology; however, visiongain believes that its track-and-trace potential and impending supply chain legislations such as e-pedigree in the US will be major factors in promoting rapid growth in the market in the coming years. The increasing incidence and prevalence of drug counterfeiting worldwide, and the resulting mandates and legislations, such as the European Falsified Medicines Directive being put in place by governments around the world will act to drive growth in the pharmaceutical anti-counterfeiting technologies market. The 169 page study includes trends and revenue forecasts to 2024 for the 8 key regional markets. It analyses the US, Japan, Germany, France, the UK, Spain, Italy (EU5), Brazil, Russia, India and China (BRIC nations). The report also forecast the individual technology submarkets: RFID, Security printing, Taggants Holograms/OVD (optical variable devices) and Other pharma anti-counterfeiting technologies Furthermore, the work shows exclusive interviews with industry experts AlpVision and also a Leading Anti-counterfeiting Technologies Company Based in the US. Pharmaceutical Anti-counterfeiting Technologies: For an executive summary please contact: Email: Sara Peerun on sara.peerun@ Tel: +44 (0) 20 7336 6100 Notes for Editors If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@ About visiongain Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors. Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on. End
Account Phone Number Disclaimer Report Abuse
|
|