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$200 Billion Pharma Counterfeit Drug Market Growing by 20% Per Year

This alarming growth is twice the rate of the legitimate pharmaceutical market, and accounts for 2.5% of the total global pharma market.

According to the 2019 PMMI Business Intelligence White Paper “Senior-Friendly Healthcare Packaging,” as many as 19 million Americans purchase medication outside of the secure supply chain, mostly from the approximately 50,000 global online pharmacies. And a comprehensive study of 11,700 online pharmacies accessible to U.S. customers found that 95% failed to fully comply with laws and industry standards to protect patients.

“With the onset of e-commerce our business has been affected with falsified and unethical drugs being sold on the internet,” said one director of packaging at a generic drug manufacturer.

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