Global RFID in Pharmaceuticals Market: Snapshot

The U.S. Food and Drug Administration (FDA) has played a vital role in escalating the widespread adoption of Radio Frequency Identification (RFID) in the pharmaceutical sector to strengthen anti-counterfeiting and track-and-trace efforts. Besides these benefits, RFID technology is acknowledged for its ability to increase supply chain efficiency, reduce errors by proper storage of information, boost patient safety and ... Read more

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 ... Read more