Bioethics News

Global Prescription Drug Spending Seen at $1.5 Trillion in 2021: Report

December 7, 2016

(Reuters) – Global spending on prescription medicines will reach nearly $1.5 trillion by 2021, although the annual rate of growth will decrease from recent years, according to a forecast by Quintiles IMS Holding released on Tuesday. That figure, based on wholesale pricing, is up nearly $370 billion from estimated 2016 spending. The United States will account for up to $675 billion of the $1.5 trillion.

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