Reuters: Global drug spending to hit $1.4 trillion in 2020: IMS
“Global spending on medicines will reach $1.4 trillion in 2020, driven by increased health care access in emerging markets and high-priced new drugs for cancer and other diseases, according to a forecast by IMS Health released on Wednesday. That is up from about $1.07 trillion this year, representing a compound annual growth rate of four to seven percent over the next five years, the ‘Global Medicines Use in 2020’ report compiled by IMS Institute for Healthcare Informatics found…” (Berkrot, 11/18).