Press release
ePedigree Software Market Technology, SWOT Analysis, Size and Forecast By 2028
ePedigree Software Market
ePedigree software is an electronic record, mostly used in the pharmaceutical industry, for maintaining the pedigree requirements of a drug. The software comprises of essential information regarding various levels of transactions resulting from a change of drug ownership from manufacturers to wholesalers to retailers. The primary objective of ePedigree is to protect consumers from contaminated medicine or counterfeit drugs. The essential data elements of an original ePedigree are Lot, Potency, Manufacturer, Distributor, Wholesaler or Pharmacy, Expiration, National Drug Code and Electronic Product Code, Unique identifier of the salable unit. With the movement of product in the supply chain, each company is required to carry forward all previous ePedigree information. Thus, the final point of sale gets the lineage of every unit.
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One of the major factors driving the ePedigree market is the increasing demand for smartening and securing the overall pharma supply chain. Adding to this, the Innovations and technological advances such as cloud computing, advanced analytics, big data, block chain technology, the IoT, virtual assistants, augmented reality, machine learning, and virtual reality are also expected to support the appropriation of cutting-edge systems across the supply chain network and pharma productions. Such as, IoT can aid in the processing of a pharmaceutical drug from manufacturing and distribution until the drug reaches the consumer. In distribution, the IoT technology enables better stock management, thus, leading to the reduction in costs incurred in terms of inventory maintenance, wastage of products, and storage of drugs. However, low investment in anti-counterfeiting technology is anticipated to hinder the market growth during the forecast period.
Companies Mentioned:
• Aptean
• Axway
• Blue Yonder Group, Inc.
• IBM Corporation
• Merit Solutions
• Oracle
• RFXCEL CORP.
• SAP
• Siemens AG
• TraceLink
The report on ePedigree Software market gives a rundown of market segmentation. Moreover, it provides particulars pertaining to market size, valuation and CAGR of each region and segment for all years from 2017 until 2028. PEST analysis for each region is given as well.
MARKET SEGMENTATION:
The global ePedigree software market is segmented on the basis of technology and application. Based on technology, the ePedigree software market is segmented into: Forensic Technique, Hidden Markers, Visible Features, and Track & Trace. Based on application, the market is segmented into: Pharmaceutical Factory, Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, and Others.
Factors affecting ePedigree Software market dynamics, revenue generation, and valuation i.e. drivers, restraints, opportunities, and threats are also evaluated.
Key Elements that the report acknowledges:
• Growth rate and market size over the analysis timeframe.
• Key factors stimulating and hindering market expansion.
• Leading vendors and suppliers of the market.
• Exhaustive SWOT analysis of each company.
• Detailed PEST analysis by region.
• Opportunities and threats faced by the existing vendors in ePedigree Software market.
• Strategic initiatives undertaken by leading players.
Additionally, the report includes an exhaustive analysis of the market and concludes with precise estimates of the revenue generation by each segment, country, region and company. Every detail that might prove to be essential for making strategic decisions is mentioned along with solutions and suggestions from expert analysts. Each segment of the market is studied extensively to provide reliable knowledge for supplementary market investments.
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Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.
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