Based on an estimated global counterfeit drug market being worth some 200 billion U.S. dollars, revenue losses due to counterfeits are probably accountable for 13 new drugs not being brought to market every year.
Estimated number of new drugs lost annually due to counterfeit sales worldwide as of 2020, by scenario*
* In order to account for the uncertainty regarding the precise size of the counterfeit market, four potential economic scenarios are evaluated that are associated with estimated global counterfeit markets of $100 billion, $200 billion, $300 billion, and $431 billion.
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Pacific Research Institute. (October 13, 2020). Estimated number of new drugs lost annually due to counterfeit sales worldwide as of 2020, by scenario* [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/1181095/global-new-drugs-lost-due-to-counterfeit-drug-market/
Pacific Research Institute. "Estimated number of new drugs lost annually due to counterfeit sales worldwide as of 2020, by scenario*." Chart. October 13, 2020. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/1181095/global-new-drugs-lost-due-to-counterfeit-drug-market/
Pacific Research Institute. (2020). Estimated number of new drugs lost annually due to counterfeit sales worldwide as of 2020, by scenario*. Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/1181095/global-new-drugs-lost-due-to-counterfeit-drug-market/
Pacific Research Institute. "Estimated Number of New Drugs Lost Annually Due to Counterfeit Sales Worldwide as of 2020, by Scenario*." Statista, Statista Inc., 13 Oct 2020, https://www.statista.com/statistics/1181095/global-new-drugs-lost-due-to-counterfeit-drug-market/
Pacific Research Institute, Estimated number of new drugs lost annually due to counterfeit sales worldwide as of 2020, by scenario* Statista, https://www.statista.com/statistics/1181095/global-new-drugs-lost-due-to-counterfeit-drug-market/ (last visited July 27, 2024)
Estimated number of new drugs lost annually due to counterfeit sales worldwide as of 2020, by scenario* [Graph], Pacific Research Institute, October 13, 2020. [Online]. Available: https://www.statista.com/statistics/1181095/global-new-drugs-lost-due-to-counterfeit-drug-market/
