Healthcare Expenditure and Pharmaceutical Sales by Region, Patent Expiries, New Technologies and Mergers and Acquisitions - Overview of 2022 and Outlook for 2023

Healthcare Expenditure and Pharmaceutical Sales by Region, Patent Expiries, New Technologies and Mergers and Acquisitions - Overview of 2022 and Outlook for 2023

Summary

GlobalData is pleased to present an executive summary of healthcare expenditure and pharmaceutical sales forecasts from its Q1 2023 forecast cycle.

Global 10-year outlook for healthcare spend and pharmaceutical sales from GlobalData’s unique forecasting model. Provides key drivers and risks to outlook and includes the 2023 annual report summarizing our outlook for the year ahead.

Key Highlights

The Covid-19 pandemic, the Russia-Ukraine war, rising domestic debts, higher inflation, and tighter monetary policy have converged to weaken the global economy. Going forward, we see additional risks emanating from geopolitical tensions in Asia and the Middle East, which could plunge the global economy into a deeper recession.

Global economic growth is projected to stay at 1.7% in 2023.

Global healthcare spending is projected to grow 5.1% to $10.2 trillion in 2023, and 5.2% in 2024.

Global pharmaceutical sales are projected to grow 4.2% to $1.5 trillion in 2023 and 4.3% in 2024, driven by new product entries, and continued spending on COVID-19 vaccines and therapeutics.

Scope

• The forecasts summarised here include healthcare spending, pharmaceutical sales, and several other indicators across 70 markets.
• In this executive summary, GlobalData examines the trends in healthcare spending and pharma sales for
• five key groups of markets: the US, the top five European markets (France, Germany, Italy, Spain, and
• the UK), Japan, BRIC-MT (Brazil, Russia, India, China, Mexico, and Turkey), and the Secondary emerging
• markets (Colombia, Indonesia, Malaysia, Nigeria, the Philippines, Poland, Saudi Arabia, South Africa,
• Thailand, and Vietnam).

• Develop business strategies by understanding the trends shaping and driving the Australian healthcare market
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