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Counterfeit Drug Detection Device Market Trends

  • Report ID: 6470
  • Published Date: Sep 25, 2024
  • Report Format: PDF, PPT

Global Counterfeit Drug Detection Device Market

 

  1. An Outline of the Global Counterfeit Drug Detection Device Market
    1. Market Definition
    2. Market Segmentation
  2. Assumptions and Abbreviations
  3. Research Methodology & Approach
    1. Primary Research
    2. Secondary Research
    3. Market Size Estimation
    4. SPSS Methodology
  4. Executive Summary
  5. Opportunities
  6. Growth Drivers
  7. Major Roadblocks
  8. Market Trends
  9. Government Regulations
  10. Comparative Analysis of the Current Technologies
  11. Up-Coming Technologies
  12. Industry Growth Outlook
  13. SWOT Analysis
  14. Supply Chain Analysis
  15. Regional Demand Analysis
  16. Comparative Positioning
  17. Competitive Landscape: Key Players
  18. Competitive Model: A Detailed Inside View for Investors
    1. Company Market Share
    2. Business Profile of Key Enterprise
      1. B&W Tek
        1. Detailed Overview
        2. Assessment of key offerings
        3. Analysis of growth strategies
        4. Exhaustive analysis on key financial indicators
        5. Recent developments and strategies
      2. Metrohm AG
      3. Thermo Fisher Scientific Inc.
      4. Rigaku Holding Corporation
      5. Konica Minolta Business Solutions Europe GmbH
      6. Nynomic AG
      7. Bruker
      8. Eluceda Ltd
      9. NanoMatrix Technologies limited
      10. GAO RFID Inc.
  19. Global Counterfeit Drug Detection Device Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    3. Global Counterfeit Drug Detection Device Market Segmentation Analysis (2024-2037)
      1. By  Product
        1. Counterfeit Chemical Composition Detection Devices, Market Value (USD Million), and CAGR, 2024-2037F
          1. Infrared & Near Infrared Spectroscopy Device, Market Value (USD Million), and CAGR, 2024-2037F
          2. Raman Spectrometer, Market Value (USD Million), and CAGR, 2024-2037F
          3. Others, Market Value (USD Million), and CAGR, 2024-2037F
        2. Counterfeit Packaging & Labelling Detection Devices, Market Value (USD Million), and CAGR, 2024-2037F
          1. RFID Analyzer, Market Value (USD Million), and CAGR, 2024-2037F
          2. Scanning & Imaging Systems, Market Value (USD Million), and CAGR, 2024-2037F
          3. Others, Market Value (USD Million), and CAGR, 2024-2037F
        3. By  Modality
          1. Portable Devices, Market Value (USD Million), and CAGR, 2024-2037F
          2. Handheld Devices, Market Value (USD Million), and CAGR, 2024-2037F
          3. Benchtop Devices, Market Value (USD Million), and CAGR, 2024-2037F
        4. By  End user
          1. Pharmaceutical Companies, Market Value (USD Million), and CAGR, 2024-2037F
          2. Drug Testing Laboratories, Market Value (USD Million), and CAGR, 2024-2037F
          3. Research Organizations, Market Value (USD Million), and CAGR, 2024-2037F
        5. By Region
          1. North America, Market Value (USD Million), and CAGR, 2024-2037F
          2. Europe Market Value (USD Million), and CAGR, 2024-2037F
          3. Asia Pacific Excluding Japan Market Value (USD Million), and CAGR, 2024-2037F
          4. Japan Market Value (USD Million), and CAGR, 2024-2037F
          5. Latin America Market Value (USD Million), and CAGR, 2024-2037F
          6. Middle East and Africa Market Value (USD Million), and CAGR, 2024-2037F
          7. Cross Analysis of Product W.R.T. End user (USD Million), 2024-2037
  20. North America Counterfeit Drug Detection Device Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    3. North America  Counterfeit Drug Detection Device Market Segmentation Analysis (2024-2037)
      1. By  Product
        1. Counterfeit Chemical Composition Detection Devices, Market Value (USD Million), and CAGR, 2024-2037F
          1. Infrared & Near Infrared Spectroscopy Device, Market Value (USD Million), and CAGR, 2024-2037F
          2. Raman Spectrometer, Market Value (USD Million), and CAGR, 2024-2037F
          3. Others, Market Value (USD Million), and CAGR, 2024-2037F
      2. Counterfeit Packaging & Labelling Detection Devices, Market Value (USD Million), and CAGR, 2024-2037F
        1. RFID Analyzer, Market Value (USD Million), and CAGR, 2024-2037F
        2. Scanning & Imaging Systems, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
  21. By  Modality
    1. Portable Devices, Market Value (USD Million), and CAGR, 2024-2037F
    2. Handheld Devices, Market Value (USD Million), and CAGR, 2024-2037F
    3. Benchtop Devices, Market Value (USD Million), and CAGR, 2024-2037F
  22. By  End user
    1. Pharmaceutical Companies, Market Value (USD Million), and CAGR, 2024-2037F
    2. Drug Testing Laboratories, Market Value (USD Million), and CAGR, 2024-2037F
    3. Research Organizations, Market Value (USD Million), and CAGR, 2024-2037F
    4. Cross Analysis of Product W.R.T. End user (USD Million), 2024-2037
    5. By Country
      1. U.S., Market Value (USD Million), and CAGR, 2024-2037F
      2. Canada, Market Value (USD Million), and CAGR, 2024-2037F
  23. Europe Counterfeit Drug Detection Device Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    3. Europe  Counterfeit Drug Detection Device Market Segmentation Analysis (2024-2037)
      1. By  Product
        1. Counterfeit Chemical Composition Detection Devices, Market Value (USD Million), and CAGR, 2024-2037F
        2. Infrared & Near Infrared Spectroscopy Device, Market Value (USD Million), and CAGR, 2024-2037F
        3. Raman Spectrometer, Market Value (USD Million), and CAGR, 2024-2037F
        4. Others, Market Value (USD Million), and CAGR, 2024-2037F
      2. Counterfeit Packaging & Labelling Detection Devices, Market Value (USD Million), and CAGR, 2024-2037F
        1. RFID Analyzer, Market Value (USD Million), and CAGR, 2024-2037F
        2. Scanning & Imaging Systems, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
      3. By  Modality
        1. Portable Devices, Market Value (USD Million), and CAGR, 2024-2037F
        2. Handheld Devices, Market Value (USD Million), and CAGR, 2024-2037F
        3. Benchtop Devices, Market Value (USD Million), and CAGR, 2024-2037F
      4. By  End user
        1. Pharmaceutical Companies, Market Value (USD Million), and CAGR, 2024-2037F
        2. Drug Testing Laboratories, Market Value (USD Million), and CAGR, 2024-2037F
        3. Research Organizations, Market Value (USD Million), and CAGR, 2024-2037F
        4. Cross Analysis of Product W.R.T. End user (USD Million), 2024-2037
        5. By Country
          1. UK, Market Value (USD Million), and CAGR, 2024-2037F
          2. Germany, Market Value (USD Million), and CAGR, 2024-2037F
          3. France, Market Value (USD Million), and CAGR, 2024-2037F
          4. Italy, Market Value (USD Million), and CAGR, 2024-2037F
          5. Spain, Market Value (USD Million), and CAGR, 2024-2037F
          6. BENELUX , Market Value (USD Million), and CAGR, 2024-2037F
          7. Poland, Market Value (USD Million), and CAGR, 2024-2037F
          8. Russia, Market Value (USD Million), and CAGR, 2024-2037F
          9. Rest of Europe, Market Value (USD Million), and CAGR, 2024-2037F
  24. Asia Pacific Excluding Japan Counterfeit Drug Detection Device Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    3. Asia Pacific Excluding Japan Counterfeit Drug Detection Device Market Segmentation Analysis (2024-2037)
      1. By Product
        1. Counterfeit Chemical Composition Detection Devices, Market Value (USD Million), and CAGR, 2024-2037F
        2. Infrared & Near Infrared Spectroscopy Device, Market Value (USD Million), and CAGR, 2024-2037F
        3. Raman Spectrometer, Market Value (USD Million), and CAGR, 2024-2037F
        4. Others, Market Value (USD Million), and CAGR, 2024-2037F
      2. Counterfeit Packaging & Labelling Detection Devices, Market Value (USD Million), and CAGR, 2024-2037F
        1. RFID Analyzer, Market Value (USD Million), and CAGR, 2024-2037F
        2. Scanning & Imaging Systems, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
      3. By  Modality
        1. Portable Devices, Market Value (USD Million), and CAGR, 2024-2037F
        2. Handheld Devices, Market Value (USD Million), and CAGR, 2024-2037F
        3. Benchtop Devices, Market Value (USD Million), and CAGR, 2024-2037F
      4. By  End user
        1. Pharmaceutical Companies, Market Value (USD Million), and CAGR, 2024-2037F
        2. Drug Testing Laboratories, Market Value (USD Million), and CAGR, 2024-2037F
        3. Research Organizations, Market Value (USD Million), and CAGR, 2024-2037F
        4. Cross Analysis of Product W.R.T. End user (USD Million), 2024-2037
      5. By Country
        1. China, Market Value (USD Million), and CAGR, 2024-2037F
        2. India, Market Value (USD Million), and CAGR, 2024-2037F
        3. South Korea, Market Value (USD Million), and CAGR, 2024-2037F
        4. Australia, Market Value (USD Million), and CAGR, 2024-2037F
        5. Indonesia, Market Value (USD Million), and CAGR, 2024-2037F
        6. Malaysia, Market Value (USD Million), and CAGR, 2024-2037F
        7. Vietnam, Market Value (USD Million), and CAGR, 2024-2037F
        8. Singapore, Market Value (USD Million), and CAGR, 2024-2037F
        9. New Zealand, Market Value (USD Million), and CAGR, 2024-2037F
        10. Rest of Asia Pacific excluding Japan, Market Value (USD Million), and CAGR, 2024-2037F
  25. Japan Counterfeit Drug Detection Device Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    3. Japan Counterfeit Drug Detection Device Market Segmentation Analysis (2024-2037)
      1. By Product
        1. Counterfeit Chemical Composition Detection Devices, Market Value (USD Million), and CAGR, 2024-2037F
        2. Infrared & Near Infrared Spectroscopy Device, Market Value (USD Million), and CAGR, 2024-2037F
        3. Raman Spectrometer, Market Value (USD Million), and CAGR, 2024-2037F
        4. Others, Market Value (USD Million), and CAGR, 2024-2037F
      2. Counterfeit Packaging & Labelling Detection Devices, Market Value (USD Million), and CAGR, 2024-2037F
        1. RFID Analyzer, Market Value (USD Million), and CAGR, 2024-2037F
        2. Scanning & Imaging Systems, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
      3. By  Modality
        1. Portable Devices, Market Value (USD Million), and CAGR, 2024-2037F
        2. Handheld Devices, Market Value (USD Million), and CAGR, 2024-2037F
        3. Benchtop Devices, Market Value (USD Million), and CAGR, 2024-2037F
      4. By  End user
        1. Pharmaceutical Companies, Market Value (USD Million), and CAGR, 2024-2037F
        2. Drug Testing Laboratories, Market Value (USD Million), and CAGR, 2024-2037F
        3. Research Organizations, Market Value (USD Million), and CAGR, 2024-2037F
        4. Cross Analysis of Product W.R.T. End user (USD Million), 2024-2037
  26. Latin America Counterfeit Drug Detection Device Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    3. Latin America Counterfeit Drug Detection Device Market Segmentation Analysis (2024-2037)
      1. By Product
        1. Counterfeit Chemical Composition Detection Devices, Market Value (USD Million), and CAGR, 2024-2037F
        2. Infrared & Near Infrared Spectroscopy Device, Market Value (USD Million), and CAGR, 2024-2037F
        3. Raman Spectrometer, Market Value (USD Million), and CAGR, 2024-2037F
        4. Others, Market Value (USD Million), and CAGR, 2024-2037F
      2. Counterfeit Packaging & Labelling Detection Devices, Market Value (USD Million), and CAGR, 2024-2037F
        1. RFID Analyzer, Market Value (USD Million), and CAGR, 2024-2037F
        2. Scanning & Imaging Systems, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
      3. By  Modality
        1. Portable Devices, Market Value (USD Million), and CAGR, 2024-2037F
        2. Handheld Devices, Market Value (USD Million), and CAGR, 2024-2037F
        3. Benchtop Devices, Market Value (USD Million), and CAGR, 2024-2037F
      4. By  End user
        1. Pharmaceutical Companies, Market Value (USD Million), and CAGR, 2024-2037F
        2. Drug Testing Laboratories, Market Value (USD Million), and CAGR, 2024-2037F
        3. Research Organizations, Market Value (USD Million), and CAGR, 2024-2037F
        4. Cross Analysis of Product W.R.T. End user (USD Million), 2024-2037
  27. Middle East & Africa Counterfeit Drug Detection Device Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    3. Middle East & Africa Counterfeit Drug Detection Device Market Segmentation Analysis (2024-2037)
      1. By Product
        1. Counterfeit Chemical Composition Detection Devices, Market Value (USD Million), and CAGR, 2024-2037F
        2. Infrared & Near Infrared Spectroscopy Device, Market Value (USD Million), and CAGR, 2024-2037F
        3. Raman Spectrometer, Market Value (USD Million), and CAGR, 2024-2037F
        4. Others, Market Value (USD Million), and CAGR, 2024-2037F
      2. Counterfeit Packaging & Labelling Detection Devices, Market Value (USD Million), and CAGR, 2024-2037F
        1. RFID Analyzer, Market Value (USD Million), and CAGR, 2024-2037F
        2. Scanning & Imaging Systems, Market Value (USD Million), and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), and CAGR, 2024-2037F
      3. By  Modality
        1. Portable Devices, Market Value (USD Million), and CAGR, 2024-2037F
        2. Handheld Devices, Market Value (USD Million), and CAGR, 2024-2037F
        3. Benchtop Devices, Market Value (USD Million), and CAGR, 2024-2037F
      4. By  End user
        1. Pharmaceutical Companies, Market Value (USD Million), and CAGR, 2024-2037F
        2. Drug Testing Laboratories, Market Value (USD Million), and CAGR, 2024-2037F
        3. Research Organizations, Market Value (USD Million), and CAGR, 2024-2037F
    4. Cross Analysis of Product W.R.T. End user (USD Million), 2024-2037
      1. By Country
        1. GCC, Market Value (USD Million), and CAGR, 2024-2037F
        2. Israel, Market Value (USD Million), and CAGR, 2024-2037F
        3. South Africa, Market Value (USD Million), and CAGR, 2024-2037F
        4. Rest of Middle East & Africa, Market Value (USD Million), and CAGR, 2024-2037F 
  28. World Economic Outlook
  29. About Research Nester

Counterfeit Drug Detection Device Market Trends

Growth Drivers

  • Rising prevalence of counterfeit drugs: The rising trend of counterfeit drugs seriously undermines the health and well-being of the public. As per the World Health Organization (WHO) report, 1 in 10 medical products in low and middle-income countries are substandard or falsified. This surging trend has led to a rising demand for the most advanced detection equipment to authenticate drugs and safeguard consumers.
  • Strict government policies: Governments in most parts of the globe are promoting strict policies and measures against the issues caused by spurious drugs. In this regard, the U.S. Food and Drug Administration (FDA) has also issued the Drug Supply Chain Security Act so that pharmaceutical products are traceable and verifiable. These strict policies are compelling pharmaceutical companies and health service providers to opt for more quality-focused anti-counterfeiting solutions that ensure counterfeit drug detection device market growth.
  • Technological advancements: With spectroscopy, chromatography, and artificial intelligence technologies, counterfeit drug detection is changing the landscape. Such technologies enable faster, better, and more economical detection of the drugs that have been counterfeited. Such technologies are a necessity for safety and efficacy. For example, Metrohm AG launched a new energy-dispersive X-ray fluorescence (XRF) analyzer called the '2060 XRF Process Analyzer' in April 2024 to perform rapid, non-destructive elemental analysis.

Challenges

  • Lack of awareness and training: There is still a lack of awareness and training among healthcare professionals and consumers on how to identify and report counterfeit medicines. The challenge hinders the effective use of detection equipment and requires wide-reaching education programs in drug safety to combat counterfeiting.
  • Techniques of counterfeiters: The techniques used in the process of fabricating counterfeit drugs are evolving day to day. As a result, it becomes difficult for regulatory bodies and manufacturers to counter these fabricated drugs with new means for detection tools. A 2023 report by the International Criminal Police Organization (INTERPOL) finds that most sophisticated counterfeiters have web pages and use social media to strategize in distributing their commodities, so identification and implementation of such counterfeit drugs becomes cumbersome.

Counterfeit Drug Detection Device Market: Key Insights

Base Year

2024

Forecast Year

 2025-2037

CAGR

5.4%

Base Year Market Size (2024)

USD 1.5 billion

Forecast Year Market Size (2037)

USD 3 billion

Regional Scope
  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Radhika Pawar


  • Report ID: 6470
  • Published Date: Sep 25, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In 2024, the industry size of counterfeit drug detection device was USD 1.5 billion.

The global counterfeit drug detection device market size is estimated to reach USD 1.5 billion in 2024 and is projected to reach USD 3 billion by the end of 2037, rising at a CAGR of 5.4% during the forecast period, i.e., 2025-2037. In 2025, the industry size of counterfeit drug detection device will be valued at USD 1.6 billion.

B&W Tek, Metrohm AG, Thermo Fisher Scientific Inc., Rigaku Holding Corporation, Konica Minolta Business Solutions Europe GmbH, Nynomic AG, Bruker, Eluceda Ltd, NanoMatrix Technologies Limited, and GAO RFID Inc. are key players in the counterfeit drug detection device market.

The drug testing laboratories segment is anticipated to lead the counterfeit drug detection device market during the forecast period.

Asia Pacific excluding Japan is expected to offer lucrative opportunities to manufacturers in the counterfeit drug detection device sector in the coming years.
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