Pharmaceutical sales to touch $1.2 trillion within five years

4 June 2019

Industry analyst Evaluate has released its latest annual report on the pharmaceutical and biotechnology industries, World Preview 2019.

The report, which provides an outlook on the trends affecting the industry over the coming years, finds that prescription drug sales are forecast to reach $1.18 trillion by 2024.

Analysts suggest that growth will likely be driven by rare disease therapies and oncology drugs, which by that point are forecast to contribute $239 billion and $236 billion in sales, respectively.

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