Market for RFID applications in pharmaceuticals estimated to
Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report showing that the market for RFID applications in pharmaceuticals, with revenues of $35M in 2006, is conservatively estimated to reach $600M by 2012, with a CAGR of 60%.
A newly-revamped audit of medicine sales in the country shows that drugs are selling faster in hospitals than in chemist shops suggesting that hospitals are gaining in importance as customers of pharmaceutical companies.