This statistic depicts the average price increase of brand name drugs widely used by older adults in the U.S. during 2020, by manufacturer. Two such drugs manufactured by Gilead Sciences showed an average increase in retail prices of 6.1 percent. Compared to that, Shire US' eight drugs widely used by seniors on average showed a drop of nearly two percent in retail prices.
Average retail price increase of brand name drugs widely used by older adults in the U.S. in 2020, by manufacturer
Note: Calculations of the average annual brand name drug price
change include the 260 drug products most widely used by older
Americans (see Appendix A). Manufacturers with only 1 drug
product in the market basket of 260 most widely used brand name
prescription drugs were included in the “All Others” category. The
number in parentheses after a manufacturer’s name indicates the
number of drug products in the market basket for that manufacturer.
The general inflation rate is based on CPI-U All Items for 2020.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Statista Accounts:
Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.
AARP. (June 28, 2021). Average retail price increase of brand name drugs widely used by older adults in the U.S. in 2020, by manufacturer [Graph]. In Statista. Retrieved May 22, 2022, from https://www.statista.com/statistics/985109/price-increase-geriatric-drugs-us-by-manufacturer/
AARP. "Average retail price increase of brand name drugs widely used by older adults in the U.S. in 2020, by manufacturer." Chart. June 28, 2021. Statista. Accessed May 22, 2022. https://www.statista.com/statistics/985109/price-increase-geriatric-drugs-us-by-manufacturer/
AARP. (2021). Average retail price increase of brand name drugs widely used by older adults in the U.S. in 2020, by manufacturer. Statista. Statista Inc.. Accessed: May 22, 2022. https://www.statista.com/statistics/985109/price-increase-geriatric-drugs-us-by-manufacturer/
AARP. "Average Retail Price Increase of Brand Name Drugs Widely Used by Older Adults in The U.S. in 2020, by Manufacturer." Statista, Statista Inc., 28 Jun 2021, https://www.statista.com/statistics/985109/price-increase-geriatric-drugs-us-by-manufacturer/
AARP, Average retail price increase of brand name drugs widely used by older adults in the U.S. in 2020, by manufacturer Statista, https://www.statista.com/statistics/985109/price-increase-geriatric-drugs-us-by-manufacturer/ (last visited May 22, 2022)
