BioCentury
ARTICLE | Politics & Policy

IMS: Global drug spending peak in 2014

November 21, 2014 2:56 AM UTC

In its annual "Global Outlook for Medicines" report published Thursday, the IMS Institute for Healthcare Informatics said it expects global drug spending to reach about $1.3 trillion by 2018 from $989 billion in 2013.

The institute anticipates the launch of new drugs, fewer patent expirations and greater access to healthcare will push spending to increase at a compound annual growth rate of 4-7% over the next five years compared to 5.2% in the last five. ...