Rfid in Pharmacy …

RFID in Pharmaceutical Industry In 2004, US food and Drug Administration (FDA) has called for the implementation of RFID technology to raceway the distri saveion of prescription drug drugs in order to protect the medical add together chain from echoic drugs by 2007. Initially, California State Board of Pharmacy has mandated RFID technology but later extended implementation date until 2015. In 2007, Kalorama Information predicted in a composition that commercialize for RFID solutions in pharmaceutical industry would expenditure or so $3. bn by 2012, but this got affected by the current world-wide recession, extension given by California State Board of Pharmacy, and otherwise challenges regarding implementation of RFID. A new research report of Jan 2010 revised the market for RFID products and services in the pharmaceutical industry that it pass on be worth $884m (631m) in 2015. In 2008, RFID market was worth around $112m and predicted value of around $884m in 2015, with a compound annual growth rate (CAGR) of 34 per cent. Of the current market, 60 per cent is believed to be generated by hardw ar, with the remaining 40 per cent coming from software and services.RFID Cost As of today, a RFID get behinds, which is supine only ( analyse-only) contribute enclose up to 2KB of data (96bit Serial Number), whoremaster cost up to 40 cents US. In case of an active get across (read and write) can cost between $5 to $10, depending upon the material and type of tag. Benefits/Potentials of RFID Counterfeiting benefactor in fighting against counterfeiting. The World Health Organization (WHO) estimates that about 6 percent of the worlds drugs are counterfeit. Fake prescription drugs cost Pharmaceutical companies around US$30 billion each year. longanimous safetyThis is also related to counterfeiting, as fake drugs may come along and feel like the real thing, but they are not. A report by WHO indicated that about 93 percent of cases it introduce didnt nece ssitate the correct amount of active ingredients. Brand justification Brand protection is very important for drug manufacturers, as single product-tampering incident can wreak long-term havoc on a companys reputation. Operational efficiency Easy to identify expired or dishonored products, and also they can be monitored not to enter into another supply or order. Retailers and distributor can have a better and finish up understanding of inventory in warehouses.RFID Drivers for the Pharmaceutical Industry RFID presents the potential to win tremendous benefits to the pharmaceutical and health care industries. Some of the key benefits communicate with the use of RFID include Drugs could be identified easily even if they are inside a container. Counterfeit drugs could be identified easily. Assurance that the ID on the bottle has not been forged or mislabeled. Helps in keeping track for drugs expiry. Helps in fighting against products from being re-imported and resold at raze co st, which were exported to other developing countries. Unlike bar codes, RFID do not infallible to be in line-of-sight to read product information. If implemented across the altogether supply chain, product movement and location can be tracked remotely. More information can be stored on RFID chip and contrasted bar code prints, RFID chips can survive harsh conditions. Provides ability to reads more than products per second as compare to bar code scanning procedure, requiring less(prenominal) human involvement. Increased potential for reducing clinical trial measure by reducing wrongful conducts and improving delivery accuracy. pic RFID Challenges for the Pharmaceutical Industry wish of standards in technology i. e. whole supply chain should be employ same standard. Unclear or poor businesses case about return-on-investment for pharmaceutical companies Wide spread deployment of RFID technology throughout the supply chain. Cost of implementing RFID stand is very high, which is not attractive for distributors with low profit margin. Passive tag price ranges from 40 cents to $1 USD. A major retailer will have to invest around $400K at each distribution channel. integrating issue of RFID with current applications and expert infrastructure. Concerns over which RFID solution to pick which is conciliatory enough to accommodate multiple business processes. In case of hundreds of read per second, concerns over data quality and synchronization, if tag has been read multiple time or no read at all, or data error while reading and etc. Privacy and security concerns such as eavesdropping, tracking attack, fraudulent tags and readers, physical tamper attacks, denial of server (DOS) attacks, how practically and what information drug manufacturer or supplier will store on tags and etc. pic pic References ttp//www. tompkinsinc. com/publications/competitive_edge/articles/02-04-RFID_Pharma. asp http//www. ascet. com/documents. asp? d_ID=3435 http//www. rf idjournal. com/article/articleview/2435/1/1/ http//scm. ncsu. edu/public/facts/facs030123. htm http//www. aimglobal. org/technologies/rfid/rfid_faqs. aspl http//www. atkearney. com/index. php/Publications/busting-the-myths-of-pharma-rfid. html Radio frequency identification technology applications, technical challenges and strategies by Suhong Li, John K. Visich, Basheer M. Khumawala, Chen Zhang.