LONDON--(BUSINESS WIRE)--A well-known market intelligence company, Infiniti Research, has announced the completion of its latest article on smart packaging: the next big thing in the pharma industry. This article covers :
- The key transformations in the pharmaceutical industry
- Benefits of smart packaging in the pharma industry
“In the next few years, the global pharmaceutical industry will be driven by safety concerns and the ability of products to fit in the loop of connectivity and communication. Smart labels, QR scanning, brand protection, and identification are some of the aspects that indicate that smart packaging industry needs to evolve constantly to serve all product-shipping business verticals,” says a packaging industry expert at Infiniti Research.
There is no doubt these are exciting times in the pharmaceutical industry with advanced techniques such as smart packaging underway. But is your business prepared to accommodate these trends? Request a free proposal to know how our experts can help you best prepare for the changing market trends.
You may also like to read some of our recent articles on the pharmaceutical industry:
- Pharmaceutical Market Research: A Linchpin for Success in the Pharma Industry
- Attaining New Product Launch Success in the Pharma Industry
- Pharma 2020: Key Pharma Industry Trends to Watch Out For
Benefits of smart packaging in the pharma industry
If medicines are not stored at the right temperature, it can not only lead to product damage but can also prove to be dangerous for consumption. Smart packaging solutions allow pharmaceutical companies to create labels informing about a product’s temperature during the shipping process and storage.
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Adhering to medication
Smart packaging for pharma products is a great way of reminding patients about adhering to the prescription. NFC tags used in smart packaging provide patients with enough information so that they know they are using the drug as intended. The information is often delivered in an interactive way on the patient’s smartphones, for instance via video.
Smart packaging will be beneficial for pharma companies to keep tabs on their stock and manage their inventory levels better. The sensors in smart packaging allow companies to check the stock level available with them and adjust the production and supply accordingly to prevent situations of understocking or overstocking.
Enhances clinical trials
Smart packaging solutions for clinical trials are largely focused on patient compliance and engagement. Smart packaging notifies the patients to take their medicine on time and records the exact time at which the medicine was consumed.
Learn more about Infiniti’s solutions for companies in the pharma industry. Request for more information.
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us