Global Pharma Growth Poised To Moderate, IQVIA Predicts

Historically low US brand price growth is one factor in a general slowdown in the annual growth rate of the global pharmaceutical market from 2019 through 2023, IQVIA forecasts in a new trends report.

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The global pharmaceutical market is expected to grow at a 3%-6% compound annual growth rate over the next five years, exceeding $1.5tn by 2023, but that growth reflects a notable slowdown from the 6.3% growth rate over the past five years, according to a new trends report from the IQVIA Institute released Jan. 29.

The US and certain emerging markets will continue to be the key drivers of growth, with the US expected to...

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