Published by TMR Research Insights
Posted on August 19, 2021
Pharmaceuticals Serialization Market: Outlook
Pharmaceutical serialization is the tracing and tracking of prescription drugs with the help of the supply chain – from manufacturing to dispensing. This is generally accomplished with the help of automated, electronic means and is legally required in many countries. It involves company practices such as authenticating, recording, sharing and maintaining correct records of items before dispatching. Pharmaceutical serialization uses track and trace technology for the information that is required for a serialization program, which is dependent on local and national laws. In addition, the pharmaceutical industry struggles to ensure the integrity of its products as they are transferred between different stops along the value chain – from contract manufacturers to wholesalers to dispensers and finally, to the patients. As the products move across international borders, the problem has been growing. More money is lost to counterfeiting with each passing year. Product theft is also on the rise. Thus, to prevent theft, the demand for pharmaceutical serialization is expected to rise during the forecast period.
The pharmaceutical serialization market also faces certain challenges. Different standards are prevalent across the borders, due to which problems are faced across international borders. For example, within the EU, member states don’t have serialization standards, but they should implement them. However, countries such as Belgium and Italy already have a ‘pre-serialization’ system in place. That’s why these countries can launch pharmaceutical serialization later. This is expected to hinder the pharmaceuticals serialization market.
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Pharmaceuticals Serialization Market: Research Methodology
The market size for pharmaceuticals serialization id derived on the basis of primary and secondary research. Assessment of the shares of pharmaceutical serialization suppliers based on product type and end use applications is carried out through secondary research and data validation by primary interactions. The scope of the pharmaceutical serialization market is estimated of the basis of the penetration of pharmaceuticals serialization in various end use applications. Initially, in-depth secondary research is done to gain an idea about the overall market size, top industry players, industry associations, etc. Then, in order to conduct expert industry interviews, a detailed discussion guide is created. After that, a list of industry manufacturers and industry experts are developed. Interviews are then conducted with industry experts and industry players. The data is analyzed to find qualitative and quantitative insights about the industry. Later, industry insights and information are collated in the required format.
The Asia Pacific region is likely to register a healthy growth rate in the pharmaceutical serialization market during the forecast period. The demand for pharmaceutical serialization in the region is increasing, owing to the fact that the China Food & Drug Administration (CFDA) mandates the use of government-issued serial numbers, which are reported back to a central government database. In addition, even in Europe, the EU’s European Stakeholder Model is based on the European Medicines Verification System (EMVS) where manufacturers upload serialized information to a central institutional hub for verification. Thus, serialization regulations are expected to go a long way toward protecting patients from dangerous counterfeit drugs and life science companies from lost revenues and potentially brand disrupting recalls. This is expected to accelerate the growth of the pharmaceuticals serialization market during the forecast period.
Global Pharmaceuticals Serialization Market: Key Players
The global pharmaceuticals serialization market is characterized by the presence of numerous major players. Major players of the pharmaceuticals serialization market compete on the basis of features such as quality and price. Few of the key players operating in the global pharmaceuticals serialization market are Zenith Technologies, UBM, Systech International, Robert Bosch GmbH, ESS Technologies, Axway, TraceLink Inc, Adents International, Antares Vision Srl, Mettler-Toledo International, Inc., and Optel, Vision among others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies..
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
More Trending Reports by Transparency Market Research –
Nasal Spray Packaging Market – https://www.prnewswire.co.uk/news-releases/high-prevalence-of-allergic-rhinitis-to-present-considerable-growth-opportunities-for-the-north-america-nasal-spray-packaging-market-growth-predicted-at-5-1-cagr-from-2020-to-2030-tmr-890622800.html
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
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Email: sales@transparencymarketresearch.com
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Follow Us: Twitter | LinkedIn
Pharmaceuticals Serialization Market: Outlook
Pharmaceutical serialization is the tracing and tracking of prescription drugs with the help of the supply chain – from manufacturing to dispensing. This is generally accomplished with the help of automated, electronic means and is legally required in many countries. It involves company practices such as authenticating, recording, sharing and maintaining correct records of items before dispatching. Pharmaceutical serialization uses track and trace technology for the information that is required for a serialization program, which is dependent on local and national laws. In addition, the pharmaceutical industry struggles to ensure the integrity of its products as they are transferred between different stops along the value chain – from contract manufacturers to wholesalers to dispensers and finally, to the patients. As the products move across international borders, the problem has been growing. More money is lost to counterfeiting with each passing year. Product theft is also on the rise. Thus, to prevent theft, the demand for pharmaceutical serialization is expected to rise during the forecast period.
The pharmaceutical serialization market also faces certain challenges. Different standards are prevalent across the borders, due to which problems are faced across international borders. For example, within the EU, member states don’t have serialization standards, but they should implement them. However, countries such as Belgium and Italy already have a ‘pre-serialization’ system in place. That’s why these countries can launch pharmaceutical serialization later. This is expected to hinder the pharmaceuticals serialization market.
For More Industry Insight, Request Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=44520
Pharmaceuticals Serialization Market: Research Methodology
The market size for pharmaceuticals serialization id derived on the basis of primary and secondary research. Assessment of the shares of pharmaceutical serialization suppliers based on product type and end use applications is carried out through secondary research and data validation by primary interactions. The scope of the pharmaceutical serialization market is estimated of the basis of the penetration of pharmaceuticals serialization in various end use applications. Initially, in-depth secondary research is done to gain an idea about the overall market size, top industry players, industry associations, etc. Then, in order to conduct expert industry interviews, a detailed discussion guide is created. After that, a list of industry manufacturers and industry experts are developed. Interviews are then conducted with industry experts and industry players. The data is analyzed to find qualitative and quantitative insights about the industry. Later, industry insights and information are collated in the required format.
The Asia Pacific region is likely to register a healthy growth rate in the pharmaceutical serialization market during the forecast period. The demand for pharmaceutical serialization in the region is increasing, owing to the fact that the China Food & Drug Administration (CFDA) mandates the use of government-issued serial numbers, which are reported back to a central government database. In addition, even in Europe, the EU’s European Stakeholder Model is based on the European Medicines Verification System (EMVS) where manufacturers upload serialized information to a central institutional hub for verification. Thus, serialization regulations are expected to go a long way toward protecting patients from dangerous counterfeit drugs and life science companies from lost revenues and potentially brand disrupting recalls. This is expected to accelerate the growth of the pharmaceuticals serialization market during the forecast period.
Global Pharmaceuticals Serialization Market: Key Players
The global pharmaceuticals serialization market is characterized by the presence of numerous major players. Major players of the pharmaceuticals serialization market compete on the basis of features such as quality and price. Few of the key players operating in the global pharmaceuticals serialization market are Zenith Technologies, UBM, Systech International, Robert Bosch GmbH, ESS Technologies, Axway, TraceLink Inc, Adents International, Antares Vision Srl, Mettler-Toledo International, Inc., and Optel, Vision among others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies..
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
More Trending Reports by Transparency Market Research –
Nasal Spray Packaging Market – https://www.prnewswire.co.uk/news-releases/high-prevalence-of-allergic-rhinitis-to-present-considerable-growth-opportunities-for-the-north-america-nasal-spray-packaging-market-growth-predicted-at-5-1-cagr-from-2020-to-2030-tmr-890622800.html
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
Follow Us: Twitter | LinkedIn
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