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Global drug market to reach $1.5 trillion in 2021: Study

Most global spending growth will be fuelled by significant innovations in oncology, autoimmune and diabetes treatments, according to QuintilesIMS Institute research

BS B2B Bureau  |  Danbury, Connecticut (USA) 

Total spending on medicines globally is forecast to reach $ 1.5 trillion by 2021, up 33 percent from 2016 levels, even as annual growth moderates from the record pace set in 2014 and 2015, according to new research released by the QuintilesIMS Institute. While historically large numbers of high-quality new medicines will emerge from the R&D pipeline in the next five years, pricing and market access pressures, lower volume growth in pharmerging markets and greater savings from patent expiries will contribute to the lower rate of growth. The report, ‘Outlook for global ...

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Global drug market to reach $1.5 trillion in 2021: Study

Most global spending growth will be fuelled by significant innovations in oncology, autoimmune and diabetes treatments, according to QuintilesIMS Institute research

Most global spending growth will be fuelled by significant innovations in oncology, autoimmune and diabetes treatments, according to QuintilesIMS Institute research Total spending on medicines globally is forecast to reach $ 1.5 trillion by 2021, up 33 percent from 2016 levels, even as annual growth moderates from the record pace set in 2014 and 2015, according to new research released by the QuintilesIMS Institute. While historically large numbers of high-quality new medicines will emerge from the R&D pipeline in the next five years, pricing and market access pressures, lower volume growth in pharmerging markets and greater savings from patent expiries will contribute to the lower rate of growth. The report, ‘Outlook for global ... image
Business Standard
177 22

Global drug market to reach $1.5 trillion in 2021: Study

Most global spending growth will be fuelled by significant innovations in oncology, autoimmune and diabetes treatments, according to QuintilesIMS Institute research

Total spending on medicines globally is forecast to reach $ 1.5 trillion by 2021, up 33 percent from 2016 levels, even as annual growth moderates from the record pace set in 2014 and 2015, according to new research released by the QuintilesIMS Institute. While historically large numbers of high-quality new medicines will emerge from the R&D pipeline in the next five years, pricing and market access pressures, lower volume growth in pharmerging markets and greater savings from patent expiries will contribute to the lower rate of growth. The report, ‘Outlook for global ...

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Business Standard
177 22