Alkem Laboratories Ltd

The global microencapsulation market is projected to grow from USD 14.47 billion in 2024 to USD 38.98 billion by 2034, driven by increased attention and benefits of the technology. North America dominated in 2023, while Asia Pacific is expected to grow fastest. Key segments include pharmaceutical and healthcare products, food and beverage, and polymer and carbohydrate coating materials. AI is impacting the market by streamlining processes and enhancing accuracy. The U.S. market is forecast to grow from USD 3.75 billion in 2024 to USD 10.31 billion by 2034.

CDSCO identified over 50 drugs as 'Not of Standard Quality,' differentiating them from counterfeit and spurious drugs. Consumers advised to buy from trusted retailers and verify packaging details. Regulatory bodies and pharmaceutical companies collaborate to combat counterfeit drugs, with recent amendments enhancing drug safety standards.