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Global drug spending to hit $1.4 trillion in 2020: IMS

(Reuters) Global spending on medicines will reach $1.4 trillion in 2020, driven by increased healthcare access in emerging markets and high-priced new drugs for cancer and other diseases, according to a forecast by IMS Health released on Wednesday.
That is up from about $1.07 trillion this year, representing a compound annual growth rate of 4 to 7 percent over the next five years, the "Global Medicines Use in 2020" report compiled by IMS Institute for Healthcare Informatics found.
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Please do not give advice. We can best help each other by telling what works for us, not what we think someone else should do.