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Pharma

  • 47% increase in counterfeiting since COVID - (ASPA)
  • 20%-25% average counterfeiting in India – (ASPA/CRISIL/ASSOCHM)
  • Indian Pharma sector valued at US50 Billon
  • Lack of adequate number of testing facilities and drug inspectors to monitor counterfeiting.
  • Shortage of skilled labour
  • Dependency on China for APIs

Threats posed by counterfeits in pharma sectors

  • Health Risks: Counterfeit pharmaceuticals may contain incorrect ingredients, improper dosage levels, or even harmful substances. Consuming such counterfeit drugs can lead to serious health risks and adverse effects.
  • Reduced Efficacy: Counterfeit medications may lack the active ingredients or proper formulation, leading to a reduced efficacy in treating the intended medical condition.
  • Resistance to Treatment: In cases of serious diseases, such as infections, inadequate or fake pharmaceuticals can contribute to the development of drug-resistant strains, making it more challenging to treat patients effectively.
  • Loss of Patient Trust: The prevalence of counterfeit drugs can erode trust in the healthcare system. Patients may lose confidence in the safety and efficacy of medications, leading to hesitancy in seeking medical treatment.
  • Financial Impact: Pharmaceutical companies face financial losses due to the sale of counterfeit drugs, and governments may experience increased healthcare costs as a result of treating patients with ineffective medications.

Holotech Solutions

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BRANDSLEEV

BRANDCAP

Why
Holotechs

Benefit of using
Anti-counterfeit Products

“If you want to be unique be prepared to be copied”
Coco Channel

For your future growth your brand needs to be protected.
Take action, contact us today to learn how you can protect your brand from counterfeiting

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Case Study

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