Global ePedigree software Market 2018-2022
About ePedigree Software
An ePedigree software records the change of custody of a drug by a manufacturer, repackager, or wholesaler, along with the final sale to a pharmacy or any other dispenser. It secures the supply chain by providing a systemic drug tracking platform and evaluating any discrepancies in the supply chain.
Technavio’s analysts forecast the global ePedigree software market to grow at a CAGR of 26.95% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global ePedigree software market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global ePedigree software Market 2018-2022
Technavio recognizes the following companies as the key players in the global ePedigree software market: Axway, Oracle, and TraceLink.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is high-tech developments to smarten the pharma supply chain. Drug counterfeiting is a worldwide phenomenon. The general fake medication industry is assessed to be worth billions of dollars. This issue has been existing for a long time, primarily due to the lack of quality control in the complex pharma supply chain. Drug redirection, forging, and other such issues have been developing at a disturbing rate.”
According to the report, one driver in the market is rising requirements for serializability to tackle counterfeiting. Drug counterfeiting is a worldwide phenomenon. This issue has been existing for decades, and the situation is worse than ever due to the proliferation of Internet sales, inefficient supply chains, and the general lack of stringent regulations. The overall counterfeit drug market is estimated to be worth billions of dollars, with countries such as India and China being the manufacturing hubs for the counterfeit drug market.
Further, the report states that one challenge in the market is huge time and cost requirements for infrastructural implementation. One of the major challenges faced by the global ePedigree software market is the time and cost requirements for the implementation of serializability. Implementing an ePedigree system starts with analyzing the immediate regulatory environment and the regulatory standards of the market wherein the buyer is expected to operate.
Axway, Oracle, and TraceLink.