The US pharmaceutical market presents strong commercial opportunities across the industry. Total US pharmaceutical sales reached USD347.2bn in 2013 - more than three times the size of its nearest rival Japan. The US boasts the largest individual markets across the three core sub-sectors: patented, generic and over-the-counter medicines. State-level pharmaceutical markets in the country are larger than many country-level pharmaceutical markets.
Headline Expenditure Projections
* Pharmaceuticals : USD347.2bn in 2013 to USD352.8bn in 2014; 1.6% growth in local currency terms. Forecast unchanged from Q314.
* Healthcare : USD2,918bn in 2013 to USD3,112bn in 2014; +6.7% growth in local currency terms. Forecast unchanged from Q314.
Risk/Reward Rating (RRR) : The US has a Pharmaceutical RRR score of 80.5 out of 100 for Q414. This is slightly higher than the 78.5 recorded in Q314 - which was due to an upgrade in BMI's forecasts for pharmaceutical expenditure over the next 10 years. This development underlines the attractiveness of the market to all multinational drugmakers.
Full Report Details at
- http://www.fastmr.com/prod/879027_united_states_pharmaceuticals_healthcare_report.aspx?afid=303
Key Trends And Developments
August 2014
The FDA announced the rates for ANDAs, prior approval supplements to an approved ANDA (PASs), drug master files (DMFs), generic drug active pharmaceutical ingredient (API) facilities and finished dosage form (FDF) facilities user fees related to the Generic Drug User Fee Programme for FY2015.
The US government said it will increase the operating payments that acute-care and long-term care hospitals receive from Medicare for inpatient care for the federal fiscal year that starts on October 1. The Centers for Medicare and Medicaid Services (CMS) has announced a 1.4% rate update for 3,400 acute care hospitals and a 1.1% rate update for 435 long-term care hospitals for FY15.
It was revealed that the number of doctors willing to see pharmaceutical sales representatives in person in the US has dropped by a third over the last six years, as they...
The United States Pharmaceuticals & Healthcare Report features Business Monitor International (BMI)'s forecasts for drugs and healthcare expenditure and imports and exports, focusing on the growth outlook for the prescription, OTC, patented drugs and generics market segments.
BMI's United States Pharmaceuticals & Healthcare Report provides industry professionals, strategists, company executives, investors, analysts and sales/marketing heads with independent forecasts and competitive intelligence on the American pharmaceutical and healthcare industry.
Key Benefits
* Benchmark BMI's independent pharmaceutical and healthcare industry forecasts for United States to test other views - a key input for successful budgeting and strategic business planning in the American pharmaceutical and healthcare market.
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Market Report, "United States Pharmaceuticals & Healthcare Report Q4 2014", published
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Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001