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Outlook for Global Medicines Through 2021: Balancing Cost and Value

Spike in new medicines to lift global drug spending

Spike in new medicines to lift global drug spending

DANBURY, Conn., and RESEARCH TRIANGLE PARK, N.C. — Though annual growth stands to moderate, global drug spending will climb to an estimated $1.5 trillion by 2021, up 33% from this year, according to the QuintilesIMS Institute. Worldwide spending on medicines is projected to grow at a 4% to 7% compound annual rate over the next