This report examines trends in medicine spending along with factors influencing growth, including patent expiries, launches of new medicines, and changes in demand and use, particularly in emerging and lower income countries.

Worldwide expenditure on medicines is forecasted to grow between 3% and 6% annually and reach roughly $1.6 trillion in sales by 2025 — not including another $157 billion that is expected to be spent on COVID-19 vaccines. 

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