About This Statistic
This statistic shows total medicine expenditure worldwide in 2010 and 2016, and provides a forecast for 2021. In 2010, total spending on medicine was 887 billion U.S. dollars. It is estimated that by 2021 the pharmaceutical market will increase to over 1.4 trillion U.S. dollars. The global pharma market shows significant increase over years, with North America still being by far the largest regional submarket.