Drug spending in North America rose by 11% in 2003

BMJ 2004; 328 doi: (Published 25 March 2004) Cite this as: BMJ 2004;328:727
  1. Ray Moynihan
  1. Washington, DC

    Spending on drugs in the United States and Canada rose 11% last year, according to new figures released last week by a leading market analyst firm, Intercontinental Marketing Services (IMS).

    The IMS World Review shows that global drug sales rose 9% in 2003, to almost $500bn (£270bn; €400bn).

    Almost half of the world's drug sales occur in the United States and Canada, which spent almost $230bn. The increase in sales is less than in …

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