Pharma sales predicted to top $1.3 trillion by 2018


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Pharma sales predicted to top $1.3 trillion by 2018

Date: 07/08/2015

Global pharma sales are predicted to grow to $1.3 trillion by 2018, according to a new report.

Worldwide sales passed the $1 trillion mark for the first time in 2014, and the 2015 CMR Pharmaceutical R&D Factbook from Thomson Reuters predicts that this increase will continue coupled with a rise in R&D productivity.

The authors note that 2014 saw the highest number of first-world new molecular entity (NME) launches in over a decade, with 46 such drugs entering the market. They say that this goes against perceptions that the industry is in a “era of scarcity”.

One third of these drugs were for rare indications, and more than 65% were speciality drugs for the treatment of cancer, hepatitis C and HIV.

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Source: PharmaTimes

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