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    Home > Active Ingredient News > Drugs Articles > IMS: In 2014, global drug expenditure reached US$1 trillion

    IMS: In 2014, global drug expenditure reached US$1 trillion

    • Last Update: 2013-11-20
    • Source: Internet
    • Author: User
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    Source: China Council for the promotion of drugs is expected to accelerate growth from a low point in 2013-11-20, with a growth rate of 5-7% in 2017; it is expected that the number of new innovative drug approvals will increase in Parsippany, New Jersey, November 19, 2013 - according to IMS According to the latest research released by the school of health information today, with the rapid expansion of the global middle class and the strong economic expectations of developed countries, the increase of drug demand will make the total drug expenditure in 2014 exceed the threshold of 1 trillion US dollars and reach 1.2 trillion US dollars by 2017 The report forecasts that the global drug market by 2017 will see an increase of 2.6% in global drug expenditure in 2012, reaching US $965 billion It is expected that the compound annual growth rate will reach 3-6% in the next five years With the leading innovative special pearl drugs, especially new products for cancer drugs, coming on the market, the concern of payers about the rising cost of such drugs is conducive to the enhancement of developed countries and emerging pharmaceutical markets Expenditure on special drugs is expected to grow from $171 billion in 2012 to $230-240 billion in 2017, up 38% year on year (to be continued)
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