The Impact of Rising Prescription Drug Costs

March 28, 2023

Global spending on prescription drugs will reach nearly $1.8 trillion by 2026—and the United States alone will spend up to $715 billion, according to the IQVIA Institute for Human Data Science. Furthermore, the global medicine market is expected to grow at a 3% to 6% compound annual growth rate through 2026.

As prescription drug costs continue to increase, it’s important to understand the trends behind them and how to manage your organization’s healthcare expenses better.

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