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RFID readers have become more efficient and potentially life-saving, when it comes to monitoring drug quality and product movement .Many users leaning towards solutions of tech-based to improve the security in pharmaceutical warehousing , productivity & efficiency of their business logistics which will continue to augur well for vendors and RFID companies in the pharmaceutical market
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INDEX • RFID in Pharmaceuticals Market 2020 by Regions, Type, Application, Competitive Market Share & Forecast to 2025 • Logistics in Pharmaceutical Industry with RFID Readers • Bright Future for RFID in Hospitals
Logistics in Pharmaceutical Industry with RFID Readers • RFID in pharmaceuticals market is seen across a wide range of industries. Its springing up in the pharmaceutical market attributed to the high importance of safety and assured future of business operations. In addition, its creating a need for efficient anti-counterfeiting solutions in the pharmaceutical industry, which led to the adoption of RFID in combination with the electronic product code (EPC) in the industry. • RFID readers have become more efficient and potentially life-saving, when it comes to monitoring drug quality and product movement .Many users leaning towards solutions of tech-based to improve the security in pharmaceutical warehousing , productivity & efficiency of their business logistics which will continue to augur well for vendors and RFID companies in the pharmaceutical industry
Bright Future for RFID in Hospitals • In addition, the need for safe transportation and storage of these products will further be amplified with the growing trend of personalized medicine and treatments. • To reduce errors by medicals & improving personalized pharmaceutical products safety, by morality of next-generation RFID in pharmaceuticals market tags and readers, drug manufacturers wholesalers are implementing an efficient labeling system
With increasing next-generation technologies and the healthcare industry, a mounting number of players are amassing to adopt RFID technology. Being a great microcosm of the industry, hospitals and clinics are transforming their supply chain model with the adoption of new tech-based solutions. • Hospitals are becoming an integral part of a complex and interconnected healthcare industry, and this will create new growth opportunities for RFID technology providers and vendors in the coming years. Manufacturers are on the lookout for a more reliable and secure way than RFID for manufacturing control in the pharmaceutical industry, as well as for product authentication, and tracking & tracing of drug quality