Radio-Frequency Identification (RFID) in Pharmaceuticals Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Global Radio-Frequency Identification (RFID) in Pharmaceuticals Market is expected to grow at a CAGR of around 22% from 2021 to 2027 and reach the market value of over US$ 6,435.7 Mn by 2027.

Radio frequency identification, widely known by the abbreviation of RFID, has many applications in various areas. Medical and pharmaceuticals are one of them. RFID tracking systems are useful in reducing human effort and errors in the maintenance and control of medical inventory. Some of the popular applications are in the tracking of medical equipment in hospitals, patient identification, blood transfer monitoring, and drug tracking from pharmacies to patients. In the pharmaceutical sector, we help monitor the import and export of pharmaceutical ingredients, internal and external tracking of pharmaceuticals, and document the transfer of products from manufacturers to patients.

Market Segments

By Component

• RFID Readers
• RFID Tags
• RFID Middleware

By Type

• Chipped RFID
• Chipless RFID

By Application

• Drug Tracing System
• Drug Quality Management
• Others

Key Players

Some of the leading competitors are LogiTag, CenTrak, SpaceCode, Impinj, Zebra Technologies Corporation, Biolog-id, Terso Solutions, Cardinal Health, Mobile Aspects, Tagsys RFID, Pepperl+Fuchs, and metraTec GmbH., and among others.

Scope of the Report

The research study analyzes the global Radio-Frequency Identification (RFID) in Pharmaceuticals industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Radio-Frequency Identification (RFID) in Pharmaceuticals Market Report

1. What was the Radio-Frequency Identification (RFID) in Pharmaceuticals Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Radio-Frequency Identification (RFID) in Pharmaceuticals Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Radio-Frequency Identification (RFID) in Pharmaceuticals Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.