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Estimated U.S. economic loss due to counterfeit drugs as of 2020, by scenario*

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Sources

Release date

October 2020

Region

United States

Survey time period

as of 2020

Supplementary notes

* 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.

Citation formats

U.S. economic loss due to counterfeit drugs by scenario 2020

Published by A. Minhas, Dec 10, 2020

Based on estimates saying the global counterfeit drugs market to be worth *** billion U.S. dollars, counterfeit drugs could be accountable for **** billion dollars worth of lost federal and state tax revenues in the United States.

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