Advancements in science and technology have led to increasingly complex medical devices. However, the prevalence of counterfeiting medical devices has also risen sharply.
Counterfeit products are substandard in terms of safety, quality as well as efficacy and the World Health Organization (WHO) estimates that up to 1% of medicines available in the developed world are likely to be fraudulent. This figure rises to 10% in various developing countries and parts of Asia, Africa and Latin America and may be as high as 30% in especially high-risk subregions.
Counterfeiting has always been an issue in every sector, putting both the brand and the consumer at risk. Moreover, within the medical device industry specifically, counterfeiting can have serious consequences, beginning with minor allergic reactions and progressing to bigger risks, including patient fatality.
This whitepaper aims to illuminate the various anticounterfeiting techniques used in packaging to address this challenge in the medical device industry.