Global RFID in Pharmaceuticals Market Growth (Status and Outlook) 2025-2031
Description
According to this study, the global RFID in Pharmaceuticals market size will reach US$ million by 2031.
Radio-frequency identification (RFID) uses electromagnetic fields to automatically identify and track tags attached to objects. The tags contain electronically stored information. Passive tags collect energy from a nearby RFID reader"s interrogating radio waves. Active tags have a local power source (such as a battery) and may operate hundreds of meters from the RFID reader. Unlike a barcode, the tag need not be within the line of sight of the reader, so it may be embedded in the tracked object. RFID is one method of automatic identification and data capture (AIDC).
The global pharmaceutical market is 1475 billion USD in 2022, growing at a CAGR of 5% during the next six years. The pharmaceutical market includes chemical drugs and biological drugs. For biologics is expected to 381 billion USD in 2022. In comparison, the chemical drug market is estimated to increase from 1005 billion in 2018 to 1094 billion U.S. dollars in 2022. The pharmaceutical market factors such as increasing demand for healthcare, technological advancements, and the rising prevalence of chronic diseases, increase in funding from private & government organizations for development of pharmaceutical manufacturing segments and rise in R&D activities for drugs. However, the industry also faces challenges such as stringent regulations, high costs of research and development, and patent expirations. Companies need to continuously innovate and adapt to these challenges to stay competitive in the market and ensure their products reach patients in need. Additionally, the COVID-19 pandemic has highlighted the importance of vaccine development and supply chain management, further emphasizing the need for pharmaceutical companies to be agile and responsive to emerging public health needs.
LPI (LP Information)' newest research report, the “RFID in Pharmaceuticals Industry Forecast” looks at past sales and reviews total world RFID in Pharmaceuticals sales in 2024, providing a comprehensive analysis by region and market sector of projected RFID in Pharmaceuticals sales for 2025 through 2031. With RFID in Pharmaceuticals sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world RFID in Pharmaceuticals industry.
This Insight Report provides a comprehensive analysis of the global RFID in Pharmaceuticals landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on RFID in Pharmaceuticals portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global RFID in Pharmaceuticals market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for RFID in Pharmaceuticals and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global RFID in Pharmaceuticals.
This report presents a comprehensive overview, market shares, and growth opportunities of RFID in Pharmaceuticals market by product type, application, key players and key regions and countries.
Segmentation by Type:
RFID Readers
RFID Tags
RFID Middleware
Segmentation by Application:
Hospitals & Clinics
Drug Manufacturer
Drug Wholesalers
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Honeywell
Zebra Technologies
Impinj
Invengo Technology
IBM
Smartrac
Aucxis
Turck Korea
Datalogic
Unitech
HID Global
CCL Label
Xerox Corporation
Fieg Electronics
JADAK
Texas Instrument
TSL
CSL
GAO RFID
Alien Technology
Cipher Lab
Sense Technology
Chafon Group
Please note: The report will take approximately 2 business days to prepare and deliver.
Radio-frequency identification (RFID) uses electromagnetic fields to automatically identify and track tags attached to objects. The tags contain electronically stored information. Passive tags collect energy from a nearby RFID reader"s interrogating radio waves. Active tags have a local power source (such as a battery) and may operate hundreds of meters from the RFID reader. Unlike a barcode, the tag need not be within the line of sight of the reader, so it may be embedded in the tracked object. RFID is one method of automatic identification and data capture (AIDC).
The global pharmaceutical market is 1475 billion USD in 2022, growing at a CAGR of 5% during the next six years. The pharmaceutical market includes chemical drugs and biological drugs. For biologics is expected to 381 billion USD in 2022. In comparison, the chemical drug market is estimated to increase from 1005 billion in 2018 to 1094 billion U.S. dollars in 2022. The pharmaceutical market factors such as increasing demand for healthcare, technological advancements, and the rising prevalence of chronic diseases, increase in funding from private & government organizations for development of pharmaceutical manufacturing segments and rise in R&D activities for drugs. However, the industry also faces challenges such as stringent regulations, high costs of research and development, and patent expirations. Companies need to continuously innovate and adapt to these challenges to stay competitive in the market and ensure their products reach patients in need. Additionally, the COVID-19 pandemic has highlighted the importance of vaccine development and supply chain management, further emphasizing the need for pharmaceutical companies to be agile and responsive to emerging public health needs.
LPI (LP Information)' newest research report, the “RFID in Pharmaceuticals Industry Forecast” looks at past sales and reviews total world RFID in Pharmaceuticals sales in 2024, providing a comprehensive analysis by region and market sector of projected RFID in Pharmaceuticals sales for 2025 through 2031. With RFID in Pharmaceuticals sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world RFID in Pharmaceuticals industry.
This Insight Report provides a comprehensive analysis of the global RFID in Pharmaceuticals landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on RFID in Pharmaceuticals portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global RFID in Pharmaceuticals market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for RFID in Pharmaceuticals and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global RFID in Pharmaceuticals.
This report presents a comprehensive overview, market shares, and growth opportunities of RFID in Pharmaceuticals market by product type, application, key players and key regions and countries.
Segmentation by Type:
RFID Readers
RFID Tags
RFID Middleware
Segmentation by Application:
Hospitals & Clinics
Drug Manufacturer
Drug Wholesalers
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Honeywell
Zebra Technologies
Impinj
Invengo Technology
IBM
Smartrac
Aucxis
Turck Korea
Datalogic
Unitech
HID Global
CCL Label
Xerox Corporation
Fieg Electronics
JADAK
Texas Instrument
TSL
CSL
GAO RFID
Alien Technology
Cipher Lab
Sense Technology
Chafon Group
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
142 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 RFID in Pharmaceuticals Market Size by Player
- 4 RFID in Pharmaceuticals by Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Global RFID in Pharmaceuticals Market Forecast
- 11 Key Players Analysis
- 12 Research Findings and Conclusion
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