'Pharmaceutical Anti-counterfeiting Technologies Market Will Reach $1.2bn in 2015' Predicts Visiongain Report
LONDON, October 29, 2012 /PRNewswire/ --
A new report by Visiongain predicts that the world market for pharmaceutical anti-counterfeiting technologies will reach $1.2bn in 2015. That revenue forecast and others appear in Pharmaceutical Anti-counterfeiting Technologies: Market Analysis 2012-2022. Visiongain is a business information provider based in London, UK.
That study predicts that the pharmaceutical anti-counterfeiting market will grow strongly from 2012 to 2022. The illicit trade in counterfeit drugs costs the pharmaceutical industry billions of dollars every year. Also, the consumption of counterfeit drugs poses a serious threat to public health. Visiongain believes drug counterfeiting is one of the most pressing challenges facing the pharmaceutical industry. The more-widespread use of anti-counterfeiting technologies will help to defeat counterfeiting activities. Many opportunities exist for pharma companies and technology suppliers from 2012 to 2022, the report shows.
Dr Peter Williamson, a pharmaceutical industry analyst in Visiongain, said: "Growth of the market will be stimulated by the introduction of industry-wide standards. To achieve this, regulatory bodies will enforce mandatory supply chain track-and-trace technologies. Increasingly, drugs are being protected from counterfeiting using a range of innovative technologies. Leading pharma companies are now realising the serious threat of counterfeit medicines by working closely with anti-counterfeit organisations. Visiongain believes that RFID and 2D barcoding technologies will be key areas of industry and market growth. Consumer empowerment will also help in efforts to counter fake drugs, further benefiting the technology market for pharma supply chain security.
"The pharmaceutical anti-counterfeiting technologies market has great potential from 2012 to 2022. In addition, drug companies must maintain good reputations and act to protect their revenues. The key to supply chain security lies in the successful introduction of industry-wide standards worldwide. Cooperation and cohesion between regulatory authorities and manufacturers must improve. Also, increasing public awareness will help the fight against drug counterfeiters, benefiting suppliers of the technology, pharma companies and other stakeholders."
Visiongain's report shows revenue forecasts to 2022 at world market, technology submarket, and national level. It forecasts world sales for the following commercial segments:
• Security printing
• RFID (radio frequency identification)
• Holograms/OVD (optical variable devices)
• Other pharma anti-counterfeiting technologies.
That new investigation gives profiles of 17 leading companies, including 3M, Authentix, Colorcon, NanoGuardian and Thermo Scientific. It also shows interviews with two companies.
The analysis assesses trends and commercial outlooks worldwide. It also forecasts revenues for leading national markets. Countries and regions analysed are the US, Japan, EU5 countries (as a group), Brazil, Russia, India and China.
Pharmaceutical Anti-counterfeiting Technologies: Market Analysis 2012-2022 adds to visiongain's range of analytical reports on industries and markets in healthcare.
For sample pages and further information concerning the Visiongain report Pharmaceutical Anti-counterfeiting Technologies: Market Analysis 2012-2022 please visit http://www.visiongain.com/Report/919/Pharmaceutical-Anti-counterfeiting-Technologies-Market-Analysis-2012-2022
Alfred P. Sloan Foundation
Altegrity Risk International
American Academy of Pediatrics (AAP)
Anti-Counterfeiting and Product Protection Programme (A-CAPPP)
Anti-Counterfeiting Group (ACG)
Applied DNA Sciences
ARmark Authentication Technologies
Australian Therapeutic Goods Administration (TGA)
Canadian Anti-Counterfeiting Network (CACN)
Center for Healthcare Supply Chain Research
Center for Medicine in the Public Interest (US)
Drugs Standard Control Organisation
Ecole Polytechnique Fédérale de Lausanne (EPFL)
European Alliance for Access to Safe Medicines (EAASM)
European Directorate for the Quality of Medicines and Healthcare (EDQM),
European Federation of Pharmaceutical Industries and Associations (EFPIA)
European Fine Chemicals Group (EFCG)
European Medicines Agency
Federation Council (Russia)
Healthcare Distribution Management Association (HDMA)
HOMAI (hologram manufactures association of India)
International Anti-counterfeiting Association (IAA)
International Anti-Counterfeiting Coalition (IACC)
International Federation of Pharmaceutical Manufacturers & Associations (IFPMA)
International Ink Company
International Medical Products Anti-Counterfeiting Taskforce (IMPACT)
Japanese Pharmaceutical Manufacturers Association (JPMA)
Johnson & Johnson
Massachusetts Institute of Technology (MIT)
Medicines and Healthcare products Regulatory Agency (MHRA)
Medicrime Convention Council
National Association of Boards of Pharmacy (NABP)
National Health Surveillance Agency (ANVISA)
One Equity Partners
Partner for Safe Medicines (PSM) India
Pharmaceutical Research and Manufacturers of America (PhRMA)
Quality Brands Protection Committee (QBPC) China
Royal Pharmaceutical Society of Great Britain (RPSGB)
Scientific Protein Laboratories (SPL)
South Dakota School of Mines and Technology
State Food and Drug Administration (SFDA)
The International Hologram Manufacturers Association
The Patients Association (UK)
The Pharmaceutical Security Institute (PSI)
University of South Dakota
US Center for Safe Internet Pharmacies (CSIP).
World Customs Organization
World Health Organization (WHO)
World Intellectual Property Organization (WIPO)
Notes for Editors
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