The Radio Frequency Identification (RFID) In Pharmaceuticals Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Radio Frequency Identification (RFID) In Pharmaceuticals Market?
The global market for Radio Frequency Identification (RFID) in pharmaceuticals has seen significant growth recently. The market's size was valued at $5.48 billion in 2024 and is projected to increase to $6.08 billion in 2025. This represents a Compound Annual Growth Rate (CAGR) of 10.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Radio Frequency Identification (RFID) In Pharmaceuticals Industry?
The global market for Radio Frequency Identification (RFID) in Pharmaceuticals is projected to reach $9.12 billion in 2029, growing at a compound annual growth rate (CAGR) of 10.7%.
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What are the Key Growth Drivers Fueling the Radio Frequency Identification (RFID) In Pharmaceuticals Market?
The key drivers in the radio frequency identification (rfid) in pharmaceuticals market are:
• Rising instances of counterfeit drugs
• Expansion of online pharmacies promoting counterfeit drug sales
• The use of RFID in providing secure, traceable data against counterfeit drugs
• The need for product authenticity verification at all supply chain stages
Global Market Segmentation: Identifying Major Radio Frequency Identification (RFID) In Pharmaceuticals Industry Segments
The radio frequency identification (rfid) in pharmaceuticals market covered in this report is segmented –
1) By Type: Chipped Radio Frequency Identification, Chipless Radio Frequency Identification
2) By Component: Radio Frequency Identification Tags, Radio Frequency Identification Readers, Middleware Software, Integration Services, Data Management Software
3) By Regulatory Compliance: Food And Drug Administration Compliance Standards, European Union Falsified Medicines Directive, Good Distribution Practices, Serialization Requirements, Tracking And Tracing Regulations
4) By Application: Drug Track And Trace System, Asset Tracking, Patient Safety, Other Applications
5) By End-User: Pharmaceutical Manufacturers, Hospitals And Healthcare Providers, Pharmacies And Drug Wholesalers, Research And Development Laboratories, Logistics And Supply Chain Companies
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What are the Emerging Trends Shaping the Future of the Radio Frequency Identification (RFID) In Pharmaceuticals Market?
The key trends in the radio frequency identification (rfid) in pharmaceuticals market are:
• There is an increased focus on the development of advanced RFID-enabled labels to improve product traceability and inventory management.
• The use of RFID technology to combat the growing threat of counterfeit drugs is emerging as a key market trend.
• Implementation of RFID-enabled labeling for pharmaceutical products is gaining momentum for increased patient safety.
• The integration of real-time tracking using RFID technologies is emerging as a new trend, aimed at reducing medication errors.
Who Are the Top Competitors & Leading Players in the Radio Frequency Identification (RFID) In Pharmaceuticals Market?
Major players in the radio frequency identification (rfid) in pharmaceuticals market are:
• Fujitsu Limited
• NXP Semiconductors NV
• Avery Dennison Corporation
• Zebra Technologies Corporation
• CCL Industries Inc.
• HID Global Corporation
• Checkpoint Systems Inc
• Datalogic SpA
• Impinj Inc
• Schreiner Group GmbH & Co KG
• Invengo Information Technology Co Ltd
• GAO RFID Inc.
• Lowry Solutions Inc.
• Terso Solutions Inc.
• Xerafy Singapore Pte Ltd.
• Tageos SAS
• SML Group Limited
• Syrma SGS Technology Limited
• Omnia Technologies Private Limited
• identytag GmbH & Co KG
Regional Dominance: Which Area Leads the Global Radio Frequency Identification (RFID) In Pharmaceuticals Market?
North America was the largest region in the radio frequency identification (RFID) in pharmaceuticals market in 2024
