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Drug Spending Trends Seem To Be Past Pandemic Effects, IQVIA Medicine Use Report Says

 
• By Alaric DeArment

A shift in the mix of drugs is helping to drive market growth, while geopolitical conflict and climate change are having effects as well, with climate change likely to become more disruptive.

• Source: Shutterstock

Spending growth on drugs looks set to recover in 2024 after a period of disruption lasting from 2019 to 2023, reversing the predictions that IQVIA Holdings Inc. has made previously.

Overall, the global medicine market, using list price levels, is expected to grow at a rate of 5%-8% through 2028, reaching a total market size of about $2

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