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Worldwide drug sales to hit $ 1.06 trillion in 2022: Study

Pricing pressure to cause drug sales forecasts to fall for first time in 10 years, says Evaluate

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Last Updated : Jun 27 2017 | 3:00 PM IST

Increased scrutiny around the pricing of medicines is starting to have an impact on drug sales growth, according to Evaluate’s latest World Preview report. Despite consensus forecasts for worldwide drug sales hitting $ 1.06 trillion in 2022, this is down from the $ 1.12 trillion analysts forecast for the same period last year.

The fall also represents the first time in 10 years of Evaluate analysis that total drug sales have failed to beat previous year forecasts.

However, sales of some of the industry’s hottest products such as cancer immunotherapies (ie, Keytruda and Opdivo) are expected to help propel the sector to

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