Epedigree Software Market COVID-19 Impact on Incredible Possibilities and Growth with Industry Study by Global Industry Analysis, Growth, Share, Size, Trends And Forecast 2021 – 2027

Epedigree is an electronic version of the drug pedigree document. Drug pedigree is a statement of origin that identifies each prior sale, purchase or trade of a drug. It enables a single view of the product and order, and is used for drug authentication. The pedigree goes with the drug and tracks the change of custody as the drug passes through the supply chain.
In the past few years, organizations have faced difficulties in tracking and tracing pharmaceutical drug in the supply chain system. Therefore, this led industries to switch to epedigree solutions and serialized product taking software to record data such as serial numbers, child to parent relationship, items to bundle, and selected bundles.

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The growing adoption of high-tech development to enhance the pharma supply chain majorly drives the growth of the epedigree software market. Moreover, increase in demand for pharmaceutical serialization, rise in demand for data security, growth in need for product tracking, prescription drug trafficking, and regulatory compliance are some of the major key driving factors of this market. However, it can be re-used, refined, and require end-user understanding. However, low investment in anti-counterfeiting technology is expected to hinder the growth of the market. Furthermore, integration of RFID with epedigree software and growth in competition of counterfeit drug and supply chain management provide major opportunities to key players in the epedigree software market.
Increase in demand for pharmaceutical serialization:
By implementing product serialization, pharmaceutical companies and governments are expected to control the counterfeiting. In serialization process, a complex system is needed to maintain, track, and trace the prescription drugs through the complete supply chain. It helps to identify the product by a unique serial number, shelf life, and batch number of that product. By using the epedigree software, pharma organizations would be able to provide solutions for governments and regulatory bodies in rebutting the counterfeiting phenomenon and maintaining the integrity of the pharma value chain. Therefore, due to serialization, it is easy to tackle counterfeiting, which is driving the growth of the epedigree software market.

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With the growth of the market, many global companies are planning to start their operation in the Epedigree software. The adoption of industry wide and interoperable standard for any technology should be standardized and this includes generalization of unique, serialized product tag, number reader equipment, and software for data capture and analytics.
As the development of technologies, the pharma supply chain is also moving forward to integrate these technological advancements. Organizations are adopting technologies, such as big data, machine learning, Internet of Things, cloud computing, advanced analytics, and virtual assistants, to enable and improve edge systems across pharma production and supply chain network. For example, with the help of Internet of Things, pharma companies help in manufacturing and distribution of pharma drugs, and also manage the complete process from manufacturing to the end-users. In addition, data generated by these would also be used in advanced analytics for research and to enhance the current state. Therefore, these integrations are estimated to provide lucrative opportunities for the epedigree software market.

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