The rise of telehealth and virtual pharmacies has changed how medications are prescribed and received by patients.
While this has created a new level of accessibility for consumers, it has also led to spikes in drug shortages and counterfeit medicines.
To combat these public health risks, regulations have been put in place to promote pharma supply chain traceability and safety. For example, the FDA announced that players along the supply chain must meet new Drug Supply Chain Security Act (DSCSA) standards by the end of 2024. This will require companies throughout the value chain to maintain and share electronic documentation regarding the chain of ownership for their products.
In addition to facing regulatory pressure, supply chain players like manufacturers and pharmacies are also racing to meet consumer demand for faster and more accurate fulfillment while balancing their own sustainability goals.
As a result, these organizations are exploring pharma supply chain technologies, as these solutions can help ensure that safe and effective pharmaceutical products are delivered to patients quickly and efficiently.
In the market map below, we identify 121 tech vendors addressing the pharma supply chain across 11 different categories.
Please click to enlarge.
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