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The Latest News and Stories Related to the IMS Institute

Reuters: U.S. prescription drug spending to hit $400 billion a year by 2020: IMS

14 Apr 2016

U.S. annual spending on prescription medicines will increase 22 percent over the next five years, climbing as high as $400 billion in 2020, according to a report released by health care information company IMS Health Holdings Inc on Thursday.

Bloomberg: Prescription Drug Spending Hits Record $425 Billion in U.S.

14 Apr 2016

Spending on prescription drugs in the U.S. rose 12 percent to a record $425 billion before discounts last year, boosted in part by the introduction of breakthrough medicines for cancer and the growing number of patients seeking treatment for hepatitis C.

IMS Health Study: U.S. Drug Spending Growth Reaches 8.5 Percent in 2015

14 Apr 2016

Specialty Medicine innovation continued to drive growth last year, partially offset by price concessions from pharma manufacturers.

Wall Street Journal: U.S. Drug Spending Climbs

14 Apr 2016

Total spending on prescription drugs in the U.S. rose 12.2% to nearly $425 billion in 2015, continuing a steep climb fueled by the introduction in recent years of expensive new drugs for cancer and infections, as well as price hikes for older drugs, according to a new report.

Associated Press: Report: US medicine spending up 8.5 percent 2015

14 Apr 2016

A report from data firm IMS Health estimates patients, insurers, government programs and other payers spent a combined $309.5 billion last year on prescription medicines.

Forbes: Double-Digit Growth In Drug Spending Slows As Insurers Fight Back

14 Apr 2016

Thanks to rebates and other concessions awarded by pharma companies angling to get their new products onto insurance formularies, the net spending on drugs was $310 billion in 2015, growing only 8.5% from the previous year. And the average net price for existing brands rose just 2.8%—a significantly lower rate of growth than what was seen in previous years.

Modern Healthcare: Global drug use to increase 24% over next five years

19 Nov 2015

Global use of prescription drugs shows no sign of slowing down over the next few years, according to a new report, which projects 4.5 trillion doses will be used in 2020, with China and India driving the spike in demand.

Medscape: Global Drug Spending Forecast: $1.4 Trillion by 2020

19 Nov 2015

Global spending on medicine will increase roughly 30% in the next 5 years, reaching $1.4 trillion by 2020, according to projections from IMS Institute for Healthcare Informatics released today.

Fortune: Global Drug Spending Will Reach $1.4 Trillion by 2020

19 Nov 2015

Total global spending growth breaks down to an annual compounded rate of between 4% and 7%, which IMS attributes to the expanding reach of medicines into emerging markets and greater use of pricier branded drugs in developed markets like the U.S.

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