Pharma sales projected to top $1 trillion


Worldwide pharmaceutical sales are projected to exceed USD$1 trillion in 2020, according to an analysis by EvaluatePharma, a market intelligence company. Global sales in 2013 were $717 billion. Growth over the next seven years is projected to be about 5% per year despite a loss (-1.6%) in 2012 and minimal growth (+0.3%) in 2013. Higher growth is largely attributed to the development of biological agents, which are priced higher than pharmaceuticals and are less likely to be genericized.

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