U.S. Pharmacist

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IMS Predicts 4% to 6% Global Pharma Market Growth Next Year

By staff


11/19/2009

US Pharm. 2009;34(11):5.

Norwalk, CT — IMS Health reported that the value of the global pharmaceutical market in 2010 is expected to grow 4% to 6% on a constant-dollar basis, exceeding $825 billion. The forecast predicts global pharmaceutical market sales to grow at a 4% to 7% compound annual rate through 2013, and considers the impact of the global macroeconomy, the changing mix of innovative and mature products, and the rising influence of health care access and funding on market demand. The value of the global pharmaceutical market is expected to expand to $975+ billion by 2013. “Overall, market growth is expected to remain at historically low levels, but stronger-than-expected demand in the U.S. is lifting both our short- and long-term forecasts,” said Murray Aitken, senior vice president, Healthcare Insight, IMS Health.

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U.S. Pharmacist is a monthly journal dedicated to providing the nation's pharmacists with up-to-date, authoritative, peer-reviewed clinical articles relevant to contemporary pharmacy practice in a variety of settings, including community pharmacy, hospitals, managed care systems, ambulatory care clinics, home care organizations, long-term care facilities, industry and academia. The publication is also useful to pharmacy technicians, students, other health professionals and individuals interested in health management. Pharmacists licensed in the U.S. can earn Continuing Education credits through Postgraduate Healthcare Education, LLC, accredited by the Accreditation Council for Pharmacy Education (ACPE) as a provider of continuing pharmacy education.

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