How much will be spent on medicine in the future?

A reasonable ballpark figure for current global expenditure on all medicines from all funding sources is 1 trillion dollars. One estimate for 2015 put the figure at $1 trillion,1 and another for 2016 at 1.1 trillion dollars.2 In 2017, 1 trillion dollars is likely to be an underestimate. Forecasts suggest that by 2020, global expenditure on medicines will rise to 1.4 trillion dollars.3

  1. “2016 Top Markets Report Pharmaceuticals”, p. 5. [return]
  2. “Global Spending on Medicines 2010-2021 | Statistic.” [return]
  3. “2016 Top Markets Report Pharmaceuticals”, p. 5; “Outlook and Implications on Pharmaceuticals and Global Medicine.” [return]