Based on estimates saying the global counterfeit drugs market to be worth 200 billion U.S. dollars, counterfeit drugs could be accountable for nine billion dollars worth of lost federal and state tax revenues in the United States.
Estimated U.S. economic loss due to counterfeit drugs as of 2020, by scenario*
Economic scenario (estimated illegal market size)
100 billion USD
200 billion USD
300 billion USD
431 billion USD
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* 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 U.S. economic loss due to counterfeit drugs as of 2020, by scenario* [Graph]. In Statista. Retrieved September 14, 2024, from https://www.statista.com/statistics/1181283/us-cost-due-to-counterfeit-drugs-by-scenario/
Pacific Research Institute. "Estimated U.S. economic loss due to counterfeit drugs as of 2020, by scenario*." Chart. October 13, 2020. Statista. Accessed September 14, 2024. https://www.statista.com/statistics/1181283/us-cost-due-to-counterfeit-drugs-by-scenario/
Pacific Research Institute. (2020). Estimated U.S. economic loss due to counterfeit drugs as of 2020, by scenario*. Statista. Statista Inc.. Accessed: September 14, 2024. https://www.statista.com/statistics/1181283/us-cost-due-to-counterfeit-drugs-by-scenario/
Pacific Research Institute. "Estimated U.S. Economic Loss Due to Counterfeit Drugs as of 2020, by Scenario*." Statista, Statista Inc., 13 Oct 2020, https://www.statista.com/statistics/1181283/us-cost-due-to-counterfeit-drugs-by-scenario/
Pacific Research Institute, Estimated U.S. economic loss due to counterfeit drugs as of 2020, by scenario* Statista, https://www.statista.com/statistics/1181283/us-cost-due-to-counterfeit-drugs-by-scenario/ (last visited September 14, 2024)
Estimated U.S. economic loss due to counterfeit drugs as of 2020, by scenario* [Graph], Pacific Research Institute, October 13, 2020. [Online]. Available: https://www.statista.com/statistics/1181283/us-cost-due-to-counterfeit-drugs-by-scenario/
