The global pharmaceutical market is witnessing a ‘new normal’ in which the sector is expected to evolve with better commercial strategies and execution. In 2021, global pharma sales, excluding vaccines, measured at ex-manufacturers prices, increased 8% in value and 4% in volumes, which were above expectations.
In the United States, total drug spending grew 7.7% to $576.90 billion in 2021 and is projected to grow between 4% and 6% in 2022, according to the American Society of Health-System (ASHP). Experts believe increased drug spending was driven by higher usage and prices.
