Pharmaceutical Traceability Market size to grow by USD 17.92 billion from 2023-2028
NEW YORK, Jan. 10, 2024 /PRNewswire/ — The pharmaceutical traceability market size is expected to grow by USD 17.92 billion from 2023 to 2028. In addition, the momentum of the market will progress at a CAGR of 23.44% during the forecast period, according to Technavio Research. Government regulations and initiatives regarding counterfeit drugs and medicines drive market growth. With a focus on combatting counterfeit drugs, these measures drive market growth. Integration of serialization software, packaging technologies, and authentication technologies, including blockchain, to improve drug safety and pharmacovigilance. Serialization hardware, anti-counterfeiting measures, and robust data management systems further support these initiatives. This emphasis on traceability…
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