About ePedigree Software
Epedigree is an electronic version of the drug pedigree document. Drug pedigree is a statement of origin that identifies every previous sale, purchase or trade of a drug. It allows one to read the product and order and is employed for drug authentication. The pedigree goes with the drug and tracks the modification of custody because the drug passes through the availability chain.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market for ePedigree Software is consolidated by the global players providing management, optimization, and tracking software in order to keep track of medicines and drugs that are distributed. The players should also employ the integration of newer technology in order to reach maximum end users. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global ePedigree Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Axway Inc. (France), JDA Software Group Inc. (United States), Oracle Corp. (United States), SAP SE (Germany), Siemens SG (Spain), TraceLink Inc. (United States), Merit Solutions Inc. (United States), Altair Engineering Inc. (United States) and International Business Machines Corp. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Yonder Group (Netherland) and Others.
Segmentation Overview
AMA Research has segmented the market of Global ePedigree Software market by Type (Software and Service), Application (Pharmaceutical Factory, Hospital Pharmacies, Retail Pharmacies, Online Pharmacies and Others) and Region.
On the basis of geography, the market of ePedigree Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Enterprise Size, the sub-segment i.e. Small and Medium Enterprise will boost the ePedigree Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Type, the sub-segment i.e. On-premise will boost the ePedigree Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Addition of Automation in Software Management and Inventory Management
Market Growth Drivers:
Growth in Adoption of High-Tech Equipment to Enhance the Pharma Supply Chain and Rise in Demand for Data Security, Product Tracking, Prescription Drug Trafficking
Challenges:
High Setup and Involved Infrastructure Costs
Restraints:
Low Investment in Anti-Counterfeiting Technology by Government and Private Firms
Opportunities:
Integration of RFID With Epedigree Software and Growth in Competition of Counterfeit Drug and Supply Chain Management
Market Leaders and their expansionary development strategies
In February 2020, JDA Software, Inc., announced that named Blue Yonder effective immediately. The name change is part of a re-branding initiative to better align the Company’s name with its cloud transformation and product roadmap, embracing a future full of endless innovation, continuous improvement and outstanding customer experience.
In 2020, Altair, a global technology company providing solutions in data analytics, product development, and high-performance computing (HPC), acquired Univa, a leading innovator in enterprise-grade workload management, scheduling, and optimization. This acquisition will help Altair to further expand into life sciences and financial services.
ePedigree feature allows clients to comply with new and emerging regulations such as those that will take effect in California in 2009 using either RFID, 2D barcodes, or a combination of barcodes and RFID.
Key Target Audience
ePedigree Software Provider, Data Management Firms, Software management Firms, Pharmaceutical Companies, Hospitals and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.