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Global spending on prescription drugs to top $1 trillion by 2017, report says

BMJ 2013; 347 doi: https://doi.org/10.1136/bmj.f6997 (Published 21 November 2013) Cite this as: BMJ 2013;347:f6997
  1. Michael McCarthy
  1. 1Seattle

Driven by the world’s expanding middle class and economic growth in developing nations, global spending on prescription medicines will likely reach $1.2 trillion (£0.7 trillion; €0.9 trillion) by 2017, an increase of $205bn-$235bn from 2012, says a new report by the IMS Institute for Healthcare Informatics, a healthcare industry consulting group.1

However, growth rates will differ substantially between the developed markets of North America, Europe, and Japan, where austerity measures and the growing use of generics will keep the compounded annual growth rates (CAGR) in the single digits, in the 1-4% …

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