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IQVIA Institute for Human Data Science

Global medicine spending to reach $1.8 trillion by 2026

Global medicine spending to reach $1.8 trillion by 2026

RESEARCH TRIANGLE PARK, N.C. — Global spending on medicines, based on invoice price levels, is expected to grow at a compound annual growth rate of 3% to 6% through 2026 to reach about $1.8 trillion by 2026, including spending on COVID-19 vaccines and novel therapeutics, according to a new report, The Global Spending and Usage