IMS Report: Drug Sales to Fall in US, Slow Elsewhere
Wed, 04/22/2009 - 12:08pm
TRENTON, N.J. (AP) — A new forecast indicates pharmaceutical sales this year will rise globally by the slowest rate in a quarter-century and will actually decline in the U.S. That's because drug sales are being squeezed by the worldwide recession. Data firm IMS Health tracks medication sales in more than 100 countries. It says it expects a growth rate of 2.5 percent to 3.5 percent worldwide over last year. That's about two percentage points below the prior IMS forecast, in October. In the United States, IMS expects pharmaceutical sales to actually decline by a percent or two this year, then remain flat for the next four years. Aitken says it's the first time sales have declined in this country in the 52 years IMS has tracked pharmaceutical sales.