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IQVIA COVID-19 Vaccine Revenues To Soar But Pandemic Will Impact Overall Global Medicine Spending

 
• By Ayisha Sharma

While more money will be poured into COVID-19 vaccines, the pandemic's effects will be felt on overall growth of global medicine use following disruptions to patient engagement with healthcare, a new report from the IQVIA Institute for Human Data Science predicts.  

Arrows Pointing Up And Down
Global Vaccine Spending Grows As Global Medicine Spending Drops • Source: Alamy

The COVID-19 pandemic could trigger a lengthy cumulative reduction in global medicines spending compared with the pre-pandemic outlook, even as spending on vaccines booms, says the IQVIA Institute for Human Data Science.

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