2020 Pharmaceuticals and Food Anti-Counterfeiting Technologies Market Research ReportA Chapter by Markets InsightsRising awareness of consumer about counterfeiting and increasing availability counterfeited products in local market are prime drivers of pharmaceutical & food anti-counterfeiting technology marketProliferation of cheap but poor quality counterfeit products in the pharmaceutical
and food sector and the resultant losses, are a growing concern, globally. Key
anti-counterfeiting technologies include overt or visible feature enabling,
covert feature enabling, forensic, and track/trace technologies. Counterfeiting
not only leads to huge losses but also negatively affects brand image of
industry operators. According to a recent study by Hexa Research, the global Pharmaceuticals and Food
Anti-Counterfeiting Market is set to reach more than $160 billion by 2020. US Food and Drug Administration (FDA), is
implementing stringent anti-counterfeiting regulations and supporting
development of anti-counterfeit devices.
Technological segmentation of the market includes authentication and
tracking technologies. Tracking technologies can be split into RFID and
barcodes. Barcodes offer advantages like traceability, accuracy and
affordability. It was the leading technology in 2013. RFID will experience
exponential growth with a CAGR of about 20% from the period 2013 to 2020.
Authentication is split into inks and dyes, hologram, taggants, etc. Hologram
accounted for the largest market share in 2013 and will grow at a rate of more
than 15.9% from 2013 to 2020.
Browse Details of Report @ http://www.hexaresearch.com/research-report/pharmaceuticals-and-food-anti-counterfeiting-technologies-industry/ Between pharmaceutical and food applications, pharmaceutical
applications accounted for higher share of anti-counterfeiting products.
Pharmaceutical sector places high value on quality and invests in superior
technologies that prohibit patients from consuming low quality counterfeit
products. Governmental regulations also play an important role in higher demand
from pharmaceutical industry. However, food application is likely to witness
fastest growth in the coming years, primarily due to rising awareness levels
amongst market participants.
Backed by governmental interventions and advanced healthcare
infrastructure, North America, with a market valuation of about $46 billion,
was the largest regional consumer of pharmaceutical and food
anti-counterfeiting products in 2012. Europe was second to North America with a
market share of more than 16.8%. Hexa Research opines that the fastest growth
of pharmaceuticals and food anti-counterfeiting market in future years is
likely to come from emerging economies such as Asia Pacific countries and Latin
American countries, among others. Large scale counterfeiting practices, rising
income levels and healthcare infrastructure developments in emerging markets of
India, China and Brazil will drive this growth. Key players of the global pharmaceuticals
and food anti-counterfeiting industry are Data System International, Sun
Chemical, Datamax, Intermec Technologies, Alien Technology, Inksure
Technologies, Unibar Inc., etc.
Browse Related Category Reports @ https://www.hexaresearch.com/research-category/healthcare-industry About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Us: Ryan
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Added on May 22, 2017 Last Updated on May 22, 2017 Tags: Pharmaceuticals and Food Anti-Co, Pharmaceuticals and Food Anti-Co, Pharmaceuticals and Food Anti-Co AuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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