Pharmaceuticals Serialization Market to Record Sturdy Growth by 2028
Pharmaceuticals Serialization Market: Outlook Pharmaceutical serialization is the tracing and tracking of prescription drugs with the help of the supply chain – from manufacturing to dispensing. This is generally accomplished with the help of automated, electronic means and is legally required in many countries. It involves company practices such as authenticating, recording, sharing and maintaining correct records of items before dispatching. Pharmaceutical serialization uses track and trace technology for the information that is required for a serialization program, which is dependent on local and national laws. In addition, the pharmaceutical industry struggles to ensure the integrity of its products as they are transferred between different stops along the value chain – from contract manufacturers to wholesalers to dispensers and finally, to the patients. As the products move across international borders, the problem has been growing. More money is lost to counterfeiting...