RFID In Pharmaceuticals Market Size To Hit USD 8.7 Billion By 2030
San Francisco, 26 December 2024: The Report RFID In Pharmaceuticals Market Size, Share & Trends Analysis Report By Component (RFID Tag, RFID Readers), By Type (Chipped RFID, Chipless RFID), By Application, By End-user, By Region, And Segment Forecasts, 2023 - 2030 The global RFID in pharmaceuticals market size is expected to reach USD 8.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.8% from 2023 to 2030. The growth of the market can be attributed to increasing number of incidents involving counterfeit drugs, and regulatory requirements for maintaining a secure drug supply are expected to drive market growth. Furthermore, the use of smart tags and labels in the pharmaceutical industry allows for efficient sorting of stock, ensuring drug quality and minimizing waste. As a result, there is a growing demand for RFID technology in the pharmaceutical industry to improve ...