Prevalence of counterfeit drugs in Malaysia A survey conducted in February indicated that one in twenty drugs sold in Malaysia was fake. The market is less tainted with counterfeit products these days, and the enforcement activities have correspondingly dropped in numbers, according to Mohd.
Moreover, growing efforts from governments in North America and Europe to counter counterfeit products is expected to boost demand for anti-counterfeit packaging over the forecast period.
Stringent regulations of North America and European countries regarding counterfeit products is expected to boost the demand for anti-counterfeit packaging in countries in these regions. High usage of this technology in FMCG goods is likely to drive the market growth.
Request for Customization MarketResearch. Regardless of whichever issue surfaces, counterfeit drugs have the potential to harm patients and hurt the reputation of the healthcare profession.
Basically, if you own an intellectual property right, you can demand any person that is infringing or likely to infringe it to stop the infringement, at least before embarking onto expensive court trials. Market segmentation and key players operating in the global market: With all these measures in place, the public may question the outcome or success rate.
Last year saw the least number of cases to date, with cases and seized goods worth RM3, Raids are, however, inconclusive, says Roslan. Measuring up to the world standard Malaysia is not the only country facing such an issue: High concerns regarding the negative effects of counterfeit drugs along with the brand image of the pharmaceutical manufacturers are expected to fuel the growth of the market over the years.
Enforcement buckles up On the other hand, the Ministry is unwavering in its actions against counterfeiting, gradually putting down the international perception of Malaysia being a favourite hotbed for this crime.
Demand in the Asia Pacific market is expected to be driven by the rapidly growing application industries such as pharmaceuticals in countries in the region.
With the appropriate pragmatic approach, this is definitely an achievable goal. To fulfill this goal, The SIDA also restricts the importation or exportation of certain seed varieties, and has a system for the commercial release or discontinuation of the registered seeds.
Above all, when it comes to consumer protection against counterfeiting, there must be a balance of interests. The anti-counterfeit packaging market is anticipating higher growth rate due to growing demand for product authentication techniques in fast-growing FMCG industry.
He advises consumers not to buy counterfeit products, but to strike back by initiating complaints against the infringers. October 14, by KASS Illicit trade involving counterfeiting, naturally a very harmful form of encroachment, could easily injure the rightful ownership of an intellectual property; and in Malaysia, counterfeiting is not taken lightly.
Elvira D Morales, designate executive assistant and senior agriculturist of the National Seed Industry Council, says that under the Plant Variety Protection Act, the exchange and sale of seeds among and between small farmers is not an infringing act, so long as the small farmers may exchange or soil seeds for reproduction and replanting in their own land, except that they cannot sell it using the registered name of trademark of the holder, and if the sale is for the purpose of reproduction under a commercial marketing agreement.
In Singapore on the other hand, strong border enforcement measures are significantly producing satisfactory results in the protection of rights holders.
The border enforcement measures by the Malaysian Customs have not been effective as well, with only a small number of infringing goods being detained for further action by the Ministry.
In fact, these traditional and herbal medicines often do not undergo any regulatory processes at all. Some factories knowingly keep no records or traces of its ownership, thus leading the discovery to a blind alley. There is nothing in both laws that prevent obtaining registrations from the SIDA and the Plant Variety Office, since the purposes of said laws are different.
In theory, all these enforcement bodies are empowered to act against such organised crimes under various individual Acts in Malaysia, some of which include the Trade Descriptions ActPrice Control ActDirect Sales ActWeight and Measures Act and the Copyright Act Serious concerns have been raised in the country, revolving around the fact that these counterfeit products have been very accessible, but the general sentiment about this has been indifference.
Similarly, the Pharmacy Enforcement Division of the Malaysian Ministry of Health, along with other international and government agencies, successfully conducted the largest internet-based operation targeting the syndicate behinnd the sale of fake medicines online.
Upon a successful discovery, goods confiscated at such premises are destroyed after a given period if no claims are made. Anti-counterfeit packaging is defined as the process of assigning secure packaging to the product to minimize counterfeiting and infringement.
The nation can, and should, aspire to achieve zero prevalence in counterfeit drugs. Many a time, in fighting against counterfeiting, consumers and politicians in our country have requested for the readjustment of prices for original goods in accordance to our GDP rate; but the extent of such readjustments is still not very clear.
Ranging from foods and medicines to clothing and leather products, this figure could be cause for concern. It is assuring then, to note that with DPPs working closely with the Ministry, the courts have seen more convictions with higher scale of compounds likewise imposed.
Now even the seeds, particularly of genetically modified GM crops such as yellow corn Bt corn are being counterfeited by the unauthorized incorporation of proprietary biotech traits as registered with the Bureau of Plant Industry BPIinto corn hybrids.
Europe is estimated to be the second largest market. The companies are adopting new techniques of packaging to avoid counterfeits. Increasing efforts from manufacturers across the globe to decrease losses due to counterfeit products is expected to fuel growth of the global anti-counterfeit packaging market over the forecast period.
With over hotspots identified nationwide, the authorities also have other ways of collating information. The anti-counterfeit packaging market is estimated to exhibit a XX. This figure was four times larger than the total amount of drugs used in government hospitals and health clinics.How bad is the counterfeit drug problem in Malaysia?
The problem of counterfeit drugs is considered nothing less than a plague in the medical world, as they are likely to be contaminated or contain wrong/no active ingredients. The counterfeit product business is a significant threat to Malaysia due to its economic and unemployment rate.
By considering its bad impact, the domestic Trade and Consumer Affairs Ministry of Malaysia has attempted to control counterfeit products by.
Analysing Purchasing Intention of Counterfeit Sportswear Products in Klang Valley, Malaysia Increased trading activity involving counterfeit goods was worrying and had become a main intimidation.
The global anti-counterfeit packaging market report has been segmented on the basis of product, application, and region. Counterfeit is the illegal production of a trademarked brand which is identical to genuine products.4/4. MALAYSIA APAA ANTI-COUNTERFEITING COMMITTEE REPORT SPECIAL TOPIC By Brian Law and Jyeshta Mahendran “Border measures to prevent the importation of counterfeit products” 1) Goods in transit.
Counterfeits are usually spoken of in the context of trademark. Download Citation on ResearchGate | On Jan 1,Selvan Perumal and others published Analysing Purchasing Intention of Counterfeit Sportswear Products in Klang Valley, Malaysia }.Download