Global Rx spending forecast to exceed $1.5 trillion by 2023

January 29, 2019 by Chain Drug Review Global spending on medicine, IQVIA, IQVIA Institute for Human Data Science Business, Leading Headlines, Pharmacy

DANBURY, Conn. — The global pharmaceutical market is expected to grow at a slower rate over the next five years, according to a new report released Tuesday from IQVIA. Global spending on medicine reached $1.2 trillion in 2018, according to the report, and by 2023, that number could exceed $1.5 trillion. Yet while the pharma