Published: December 2023
These top companies are expected to lead the smart label industry via offering smart labels based on RFID and NFC that play an important role in the supply chain of pharmaceuticals. We analyzed over 90 companies that are offering smart pharmaceutical and healthcare labels based on various technologies, such as RFID, NFC and other advanced technologies that enable tracking of products throughout the supply chain. In this article, we unveil 5 leading NFC and RFID companies that are engaged in offering smart labels.
Ensuring patient safety is believed to be one of the key concerns associated with conventional pharmaceutical packaging. Further, it might be challenging to read and much harder to open prescription packaging. Additionally, patients that are not able read the instructions on packaging may run at the risk of harming themselves by not taking their prescription at the recommended dosage. Data suggests that patients frequently have questions regarding their medications and are not completely aware of all the consequences of not taking their medications as prescribed. In fact, there are people who never complete their prescriptions. If the packaging is easier to read, clearer to grasp and more user-friendly, it can help in alleviating the aforementioned situation to a certain extent. This problem can further be resolved by using smart packaging, which incorporates smart labels and have all the desired information, including prescription, dosage and other relevant information. Secondly, smart label technology is a beneficial tool to prevent medicine counterfeiting. Pharmaceutical firms, distributors, and hospitals can integrate smart label technology to ensure integrity and authenticity of their medication.
Moreover, the use of smart labels allows the developer to convey a greater amount of information about the product to the consumers, without the need for additional packaging space. Smart labels contain a transponder code which can be read by sophisticated devices, including radio frequency identification device (RFID) tags and near-field communication (NFC) chips. While most smartphones can read NFC chips, RFID tags can only be read by specialized receivers. NFC technology (a type of RFID that operates in a frequency range centered on 13.56 MHz) enables the users to wirelessly transfer identity data to the recipient for security and tracking purposes.
Further, smart labels play a critical role in the manufacturing of pharmaceuticals. Some of the ways in which smart labels can aid the pharmaceutical production process include enhancing productivity and accuracy, managing inventory, and maintaining the quality of products. Increasingly, RFID is emerging as the new industry standard for monitoring pharmaceutical packets across the whole supply chain, from manufacturing to final consumers. The need to cut back on hospital visits and lower operating costs, as well as a higher adoption of RFID in healthcare industry to improve the effectiveness of the supply chain, are the key drivers behind this expansion.
The healthcare sector has observed a sharp increase in the market for smart tags and systems in the past decade. This is primarily due to the adoption of product level medicine tagging and Real Time Locating Systems (RTLS) for personnel, patients and assets, to increase productivity, safety and availability, while lowering the losses faced by the industry.
Owing to need to minimize the impact of counterfeited drugs and reduce medication errors occurring due to poor labelling and unclear packaging, pharmaceutical and biotech drug developers have gradually adopted the use of smart labels for their packaging requirements. Further, growing popularity of smart labels in the healthcare sector can be attributed to their ability to safely collect patient data, act as an anti-counterfeit solution and provide better security for pharmaceuticals.
Roots Analysis has conducted an exhaustive study of the Smart Labels Market featuring the current market landscape and future opportunity for the NFC and RFID companies in the smart pharmaceutical and healthcare labels industry, over a span of 12 years.
In the table below, we have listed (in alphabetical order), the top 5 companies manufacturing RFID and NFC tags.
Table: List of Top 5 NFC and RFID Companies in Pharmaceutical Industry
|Year of Establishment
|Number of Employees
|Resource Label Group
Source: Roots Analysis
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This article highlights the top RFID and NFC manufacturers to watch out in this industry. These companies were chosen based on their year of establishment (established during the period 1935-1995). It is essential to note that the selection of top players can differ substantially according to the defined criteria.
With more than 85 years of experience, Avery Dennison (formerly known as Avery International) claims to provide unparalleled labeling and packaging solutions. It operates under three main business segments, namely label and graphic materials, retail branding and information solutions, and industrial and healthcare materials. The company claims to sustain its market position through intensive research, innovation and continuous upgradation of new material science products, as well as processes. The company offers provide high-speed manufacturing, logistics, information display and management, branding, graphics and packaging services to various markets.
Avery Dennison is engaged in offering RFID and NFC labels that can be used for the following application areas:
In September 2023, Avery Dennison entered into a strategic collaboration with Bastille Parfums in order to use former’s RFID sensor technology for the tracking and tracing of tagged products across the supply chain.1 In the same month , Avery Dennison announced the launch of a sustainable AD Pure™ RFID inlays and tags that can be utilized for difficult-to-tag or low-detuning materials.
CCL Industries is a privately held packaging solution provider, focused on offering RFID technology-based solutions for labelling and tagging applications in logistics, product tracking and inventory control for the global markets. It is worth mentioning that the company claims to have established 205 production facilities in 43 countries. Further, the firm states to be the largest converter of pressure sensitive film materials, for a wide range of decorative, instructional, functional and security applications for its customers in the consumer packaging, healthcare, electronic and automobile markets.
CCL Industries is engaged in offering RFID and NFC labels that can be used for the following application areas:
In August 2023, CCL Industries announced the acquisition of intellectual property suite of Imprint Energy in order to manufacture intelligent labels. Earlier in July 2023, CCL Industries announced the acquisition of Faubel in order to expand its clinical trial labeling capabilities.
Resource Label Group is a full-service company that offers customized label designing and printing solutions for a wide range of industries in the US and Canada.
The company is a portfolio of First Atlantic Capital. It operates through 40 sites and offices that are spread across North America, and is focused on three core principles, namely delivering creative solutions, doing it right and doing it well, and building trust in every interaction. Further, the company claims to have the required expertise and capabilities to supply shrink sleeves for conventional and special applications, custom die-cut labels, pressure sensitive labels, cut and stack labels, RFID and NFC labels. It is also worth noting that in earlier years, Resource Label has collaborated with leading manufacturers of RFID inlays; examples include Avery Dennison, Rafsec and Alien.
Resource Label Group is engaged in offering RFID and NFC labels that can be used for the following application areas:
In November 2023, the company announced the acquisition of Coast Label, a leading supplier of medical device labels, UL labels engineered applications and industrial solutions. Earlier in the year, Resource Label Group acquired TQL Packaging Solutions (in July 2023), Pharmaceutic Litho and Label (in June 2023) and Majestic Labels (in February 2023).
RFID Canada specialized in manufacturing active and passive RFID and NFC products, including tags, readers, antennas, gates/ portals and printers to its growing customers, world-wide. It ensures the best service by assisting its clients at every step of the process, from business and system analysis to installation services. Moreover, the company has developed a ClearStream software (a user-configurable fixed RFID tag reading software used for medical supply control, high value asset control, inventory management and egress monitoring) and TrackerPlus desktop design software (used for the creation of mobile applications).
RFID Canada is engaged in offering RFID and NFC labels that can be used for the following application areas:
In November 2023, RFID Canada participated in Think Wireless IoT Days event held virtually, wherein the company shared valuable insights on maintenance-free tracking solutions for the healthcare industry.4 Earlier, in July 2023, the company announced a strategic collaboration with SIVA Group in order to expand its offerings and customized RFID solutions to its customers./
Schreiner is a Germany-based company that claims to specialize in providing premium functional labels. The company operates through three business units, namely Schreiner MediPharm, Schreiner ProTech and Schreiner PrinTrust, in order to provide solutions for the healthcare industry, technical industry and solutions for security and authentication, respectively. Furthermore, the firm claims to be a high-performance development partner and a dependable quality supplier of customized and application specific smart labels, to some of the biggest pharmaceutical firms in the world.
Schreiner Group is engaged in offering RFID and NFC labels that can be used for the following application areas:
In October 2023, Schreiner Group announced that Schreiner MediPharm has developed a self-adhesive film label in order to hide the investigational products present in the vials used in clinical dosing. In September 2023, Schreiner Group presented its Freeze-Light-Protect syringe label, designed for light and UV protection and suitable for deep-freeze applications, at the PDA Universe of Pre-Filled Syringes and Injection Device conference held at Germany.
The above presentation features five NFC and RFID companies selected from a pool of over 90 smart label manufacturers that we have compiled. If you are interested, you can download the Sample Report on “Smart Label Market” by Roots Analysis. For personalized assistance in identifying the most relevant solutions based on your specific criteria, please don't hesitate to reach out to us at firstname.lastname@example.org.
Prachi holds an M.Tech. degree in Biotechnology from Indian Institute of Technology, Guwahati and B.E. degree in Biotechnology from Panjab University. Upon completing her postgraduate studies, she embarked on her research career by securing the position of Senior Research Fellow at PGIMER, Chandigarh. In her more than two years of scientific career, she honed her skills in the field of cell and molecular biology, pathology and organic chemistry. Prachi has over two years of remarkable experience in the business research and consulting domain. She is equipped with the distinctive skill set to thrive and contribute immensely to the development of syndicate reports and assignments pertaining to the pharmaceutical and biotechnology industry. She has persistently sought to present impactful, critical insights to the clients through several drug-based, product-based, technology-based and service-based research reports.
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