Counterfeit Drug Detection Device Segmentation
Modality (Portable Devices, Handheld Devices, Benchtop Devices)
Portable devices segment in the counterfeit drug detection device market is anticipated to register around 5.7% growth till 2037 due to the increasing demand for portable as well as cost-effective, user-friendly detection solutions. Another driver of portable devices is their ability to provide immediate, easy on-site detection of counterfeit medicines, hence convenient for use at all places, including pharmacies, hospitals, and border control points.
End user (Pharmaceutical Companies, Drug Testing Laboratories, Research Organizations)
Drug testing laboratories segment is set to capture over 59.8% counterfeit drug detection device market share by 2037. The adoption of counterfeit drug detection device is rising in drug testing laboratories as they ensure the safety and efficacy of drugs by means of stringent testing and analysis of drug products. It has increased the requirement for accurate and reliable testing services and advanced detection technologies. Laboratories' collaboration with regulatory agencies helps enhance the validation of the detection methods involved, which further pushes up the standard in the industry. As counterfeit drugs continue flooding into the market, labs continue to bolster their arsenal with advanced technologies. Such progress improves their operations and makes them more responsive to this growing threat.
Our in-depth analysis of the counterfeit drug detection device market includes the following segments
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