Pharmaceutical Sales Anticipated to Reach $1.3 Trillion in 2018

A new report anticipates that global pharmaceutical sales will reach $1.3 trillion by 2018.
According to an article on PharmaTimes:

Worldwide sales passed the $1 trillion mark for the first time in 2014, and the 2015 CMR Pharmaceutical R&D Factbook from Thomson Reuters predicts that this increase will continue coupled with a rise in R&D productivity.
The authors note that 2014 saw the highest number of first-world new molecular entity (NME) launches in over a decade, with 46 such drugs entering the market. They say that this goes against perceptions that the industry is in a “era of scarcity”.
One third of these drugs were for rare indications, and more than 65% were speciality drugs for the treatment of cancer, hepatitis C and HIV.

Click here to read the full article on PharmaTimes.