Articles: May 2011

Drugs Sales Growth Expected to Slow

Worldwide spending on prescription drugs will slow in the next five years but will still surpass $1 trillion by 2014, according to pharmaceutical market research firm IMS Health.
Spending will rise 3 percent to 6 percent per year through 2015, with much of the growth coming in China, Brazil, Russia and India. By 2015, almost half of all pharmaceutical spending will go to low-cost generic drugs instead of costlier brand-name medications - which were once responsible for an overwhelming majority of drug costs. That's because the patents on many top-sellers will expire in the next few years.

Posted 27 May 2011 in Healthcare Professionals

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