New Blockbuster Drugs Come to Market/Drug Prices Soar/Generics Offer Some Relief, Business and Industry Trends Analysis

Drug spending in the U.S. reached and estimated $345.7 billion in 2019, up from $344.5 billion in 2018 and $333.0 billion in 2017, according to the Centers for Medicare & Medicaid Services (CMS).  Globally, the total prescription drug market was over $1.2 trillion in 2019 and is expected to reach $1.5 trillion as early as 2023.  At the beginning of 2020, U.S. drug prices rose by an average of 5.8% according to an analysis from Rx Savings Solutions. Consumers’ voracious need for drugs will continue to soar, thanks in part to the rapidly aging populations of such nations as the…

A Representative List of Organizations that Have Used our Research and Products: