Over the course of the forthcoming projection period, the global Pharmaceutical traceability market is anticipated to be propelled by an increase in drug theft, counterfeiting, and other drug-related crimes. For example, the United Nations Office of Drugs and Crime's world drug report 2020 estimates that around 269 million individuals used drugs on a global scale in 2018, which is a 30% increase from the number of people who used drugs in 2009. At the same time, more than 35 million people suffer from a substance use disorder. In addition to this, the paper provides an analysis of how COVID-19 has affected various drug markets. Drug shortages, which in turn have led to higher prices and lower purity, have already been caused by the epidemic, and the full extent of the pandemic's consequences are unknown. However, the pandemic has been related to other restrictions, which have also resulted in border restrictions.
Top Companies in the Pharmaceutical Traceability Industry:
1. Optel Ltd.
Optel Ltd.was founded in 1962 and its headquarter in Bentonville, Arkansas, United States.. The company operates in 20 countries. As of 2022, Walmart, along with other mass retailers like Target, reportedly accounts for 36% of the retail media market.
2. The Healthcar A) Inc e Distribution Alliance (HDA) Inc
The Healthcare Distribution Alliance (HDA) Inc founded in 1983, and it’s located in Issaquah, Washington, United States. The company operates in 8 countries.
3. Bureau Veritas
Bureau Veritas was launch in 1983 and it’s headquarter located in Cincinnati, Ohio, United States.it operate over 23 country .
4 Adents
Adents was launch in 2014 and it’s headquarter located in Deerfield, Illinois, United States.it operate over 100 country
5. Logista Pharma
Logista Pharma founded in 1865, with its headquarters in Seattle, Washington, United States.With businesses in over 100+ countries. In 2023 Amazon is a dominant force among retail media networks, commanding 37% market share in a space that's estimated to be worth $100 billion,
6 rfxcel Corporation
rfxcel Corporation was launch 1966 and its headquarter Richfield, Minnesota, United States. .it operate over 70 country. In 2022 Technology retail chain Best Buy is just the latest retailer to start its own in-house media ad-sales operation.
7. Movilitas Consulting AG
Movilitas Consulting AG founded in 1983, with its headquarters in Netherlands. With businesses in over 50 countries. In 2023 Ingka Group owns and operates IKEA sales channels under franchise agreements with Inter IKEA Systems B.V.
*Definition- Pharmaceutical traceability refers to the ability to track the movement of medications and drugs throughout the supply chain, from the manufacturing line to the consumer..
