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Animal Healthcare Market is Set to Soar to USD 60.3 Billion by 2033, Unleashing Tremendous Growth Potential: Persistence Market Research

Animal Healthcare Market is Set to Soar to USD 60.3 Billion by 2033, Unleashing Tremendous Growth Potential: Persistence Market Research
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RFID in Pharmaceuticals Market Filliped by the Rising Demand for more Efficient Anti-Counterfeit Sol

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RFID in Pharmaceuticals Market Filliped by the Rising Demand for more Efficient Anti-Counterfeit Solutions
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 cod ....

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