Global Pharma Spending May Reach $1.4 Trillion by 2020: Chart

Why Do Drug Prices Keep Going Up?

IMS Institute of Healthcare Informatics

Worldwide spending on pharmaceuticals is set to surge over the next few years, and IMS Institute for Healthcare Informatics has estimated that it will touch $1.4 trillion by 2020, an increase of as much as 32 percent from 2015. Some of the fastest growth will come from emerging countries like India and China even as the U.S. remains the world’s largest drug market.