IQVIA report forecasts global medicine spending to hit $1.6 trillion in 2025
IQVIA report forecasts global medicine spending to hit $1.6 trillion in 2025 30th April 2021 A new report looking at global medicine spending and usage trends has forecasted growth for the global medicine market through 2025, noting a ‘modest’ impact on pre-pandemic drivers of medicine use and spending from COVID-19. The report, released by the IQVIA Institute for Human Data Science, has projected global spending on medicines to grow at 3-6% CAGR through 2025, reaching approximately $1.6 trillion by 2025, excluding spending on COVID-19 vaccines. The increase in global medicine spending is...