HCPLive | The American Journal of Managed Care | Pharmacy Times | OTCGuide.net | Politics | ONCLive | Medgadget | EchoJournal
KevinMD | Medical Smartphones | Medicine and Technology | Mobile Health Computing | Non-Clinical Medical Jobs, Careers, and Opportunities

 
 
 
   issue   >  pharmacy   >  2005   >  2005-12   >  2005-12-5039
 
 Inside the Issue




 
Article Tools:
US Rx Drug Sales to Skyrocket During 2006
Ken Rankin
Published Online: December 1, 2005 - 12:00:00 AM (CST)

The new Medicare Part D prescription drug program is expected to trigger a sharp increase in the demand for Rx medicines during the coming year, researchers at IMS Health predict. US sales of prescription drugs are projected to grow by between 8% and 9% in 2006—an increase almost 50% greater than the worldwide rise in demand for medicines and double the sales growth expected for many European countries.

Currently, US sales of prescription drugs total $230 billion, or 43% of the worldwide market for these products. The upsurge in demand next year figures to push the US share of the global pharmaceutical market even higher, according to IMS Health.

Mr. Rankin is a freelance medical writer.



 
   

Intellisphere, LLC l 666 Plainsboro Road, Building 300, Plainsboro, NJ 08536 l P 609-716-7777 l F 609-716-4747

Copyright ©MDNG 2006-2009
Intellisphere, LLC
All Rights Reserved