Keyword Analysis & Research: rfid pharmaceutical

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Frequently Asked Questions

What is the future of RFID in the pharmaceutical industry?

RFID is a tremendous future aspect for pharmaceutical industry. RFID being useful in various aspects of tracking and information storage provide a wider hope of efficient and safe working. RFID market in pharmaceuticals and health care providers is set to rise fast from $90 million in 2006 to $2.1 billion in 2016. .

How does RFID technology work?

Radio Frequency Identification (RFID) technology is an identification system that uses the radio frequency waves for tracking purposes and transmission of information regarding objects and individuals. There is no need of manual contact with a reader nor is there a necessity to be in the line of sight of the reader in RFID.

What is the cost of RFID tags?

With lesser use from major pharmaceutical companies and high cost of RFID there is hesitation in implementing it. The cost of Active Tags generally costs 25$ and above. Low and High Frequency tags cost a little higher. Passive Tags costs as low as 15 cents in which only a bar code is printed.

How does Purdue Pharmaceuticals use RFID to combat counterfeiting?

Purdue Pharmaceuticals were among the first pharmaceutical companies to adopt RFID as a technology to combat counterfeiting. Through RFID the company wanted to serialize and track and trace its products. Purdue first started using RFID in 2004 largely in response to Wal-Mart’s call for its suppliers to use RFID tags.

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