Pharmaceutical Anti-counterfeiting Technologies are in Greater Demand Due to The Health Risks Associated with Counterfeit Drugs


Pharmaceutical products are one of the most vulnerable goods in the world to counterfeiting. Counterfeiting involves substituting a substandard drug with a toxic substance or no active ingredient at all for the original medicine. Pharmaceutical Anti-counterfeiting Technologies are used to mitigate negative effects on patients' health, which can result in death in extreme cases. The pharmaceutical industry has one of the most complicated supply chain management networks, making it difficult to track products from beginning to end, increasing the demand for counterfeiting. Unlike other products, where counterfeiting practises could be detected by the end user based on the product's visual appearance, pharmaceutical products could not be detected by the end user or any other stakeholder based on their spurious content.

Contaminated or incorrect compounds with no active ingredient are used to make counterfeit medicines. These substances are illegal and dangerous to one's health. Anti-counterfeiting technologies thus play a critical role in the detection of counterfeit medicines. In the pharmaceutical industry, these technologies are widely used to avoid serious public health risks. Increased availability of counterfeit pharmaceuticals and increased government initiatives to raise awareness about fake medicines are two factors driving the Global Pharmaceutical Anti-counterfeiting Technologies Market. However, in developing economies, a lack of awareness about anti-counterfeiting technologies is expected to limit market growth. 

Technological advancements in Pharmaceutical Anti-counterfeiting Technologies, on the other hand. Consumption of counterfeit drugs resulted in serious health risks or even death, resulting in an increase in demand for anti-counterfeiting technologies. Furthermore, a variety of high-priced patented products are counterfeited with spurious content in order to make a profit. Track and trace technologies, cohort technologies, overt technologies, and forensic technologies are examples of anti-counterfeiting technologies. Birth control pills, anti-malarial drugs, and other life-saving medications are all commonly counterfeited. Although the technological landscape is rapidly changing, such as the availability of smartphones, the burden of anti-counterfeiting practises is increasingly being shared by end users.

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