Fact Sheet
Strong Growth in Medicine Use in Developing Countries with Growth at Steady Rates in the Developed Economies
Based on research in the Institute report on Global Use of Medicines 2023
Feb 14, 2023
Growth in medicine use and spending is expected to continue at relatively steady
rates in in the developed economies as new products are offset by patent expiries,
while countries in Latin America, Eastern Europe and parts of Asia are expected to
grow strongly from volume and adoption of novel medicines, according to a new
report, Global Use of Medicines 2023 — Outlook through 2027.
