{"id":5777,"date":"2016-04-14T11:54:00","date_gmt":"2016-04-14T11:54:00","guid":{"rendered":"http:\/\/www.pharma-mkting.com\/drug-spending-growth-surges-again-in\/"},"modified":"2019-02-21T01:15:07","modified_gmt":"2019-02-21T01:15:07","slug":"drug-spending-growth-surges-again-in","status":"publish","type":"post","link":"http:\/\/ec2-54-175-84-28.compute-1.amazonaws.com\/pharma-mkting.com\/blog\/drug-spending-growth-surges-again-in\/","title":{"rendered":"Drug Spending Growth Surges Again in 2015"},"content":{"rendered":"<p>Total spending on medicines in the U.S. reached $310 billion in 2015 on an estimated net price basis, up 8.5 percent from the previous year, according to a new report issued today by the IMS Institute for Healthcare Informatics.<\/p>\n<table align=\"center\" cellpadding=\"0\" cellspacing=\"0\" class=\"tr-caption-container\" style=\"margin-left: auto; margin-right: auto; text-align: center;\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><a href=\"https:\/\/4.bp.blogspot.com\/-oBmP9AWCo5Q\/Vw-ARqOxAiI\/AAAAAAAAIoQ\/ESIrNqkCy4YwBewyAaBhgK0xumQi5j_jQCLcB\/s1600\/IMS-Chart1-TotalSpending.jpg\" imageanchor=\"1\" style=\"margin-left: auto; margin-right: auto;\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" height=\"285\" src=\"http:\/\/ec2-54-175-84-28.compute-1.amazonaws.com\/pharma-mkting.com\/wp-content\/uploads\/2016\/04\/IMS-Chart1-TotalSpending.jpg\" width=\"500\" \/><\/a><\/td>\n<\/tr>\n<tr>\n<td class=\"tr-caption\" style=\"text-align: center;\">\nInvoice spending is based on IMS Health reported values from wholesaler transactions measured at trade\/invoice prices and exclude off-invoice discounts and rebates that reduce net revenue received by manufacturers. Net spending reflects company recognized revenue after off-invoice discounts, rebates and price concessions are applied.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>According to IMS, the increase was driven primarily by a wave of &#8220;innovative&#8221; new medicines. Let&#8217;s take a closer look at the data.<\/p>\n<p><a name='more'><\/a>Spending on specialty medicines has nearly doubled in the past five years, contributing more than two-thirds of overall medicine spending growth between 2010 and 2015. Overall, 2015 saw a 21.5 percent spending increase for specialty medicines to $150.8 billion on an invoice price basis. Nearly 250,000 new patients received treatment for hepatitis C in 2015 , a 46% increase from 2014. But &#8220;patient new therapy starts peaked in March 2015 and have started to slow as the bulk of warehoused patients have sought and received treatment,&#8221; notes the report. <\/p>\n<table align=\"center\" cellpadding=\"0\" cellspacing=\"0\" class=\"tr-caption-container\" style=\"margin-left: auto; margin-right: auto; text-align: center;\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><a href=\"https:\/\/1.bp.blogspot.com\/-YkxlmBSojeg\/Vw-DCxNJ8zI\/AAAAAAAAIoc\/ZdreaIBprrgpW1IeCIYQiF3igJTyRf4MgCLcB\/s1600\/IMS-Chart5-Growth-by-Therapy.jpg\" imageanchor=\"1\" style=\"margin-left: auto; margin-right: auto;\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" height=\"290\" src=\"http:\/\/ec2-54-175-84-28.compute-1.amazonaws.com\/pharma-mkting.com\/wp-content\/uploads\/2016\/04\/IMS-Chart5-Growth-by-Therapy.jpg\" width=\"500\" \/><\/a><\/td>\n<\/tr>\n<tr>\n<td class=\"tr-caption\" style=\"text-align: center;\">Spending based on invoice price. New brands are defined as brands launched in the last twenty-four months. Specialty medicines are defined by IMS Health as products that are often injectable, high-cost, biologics or other medicines that require cold-chain distribution. Specialty medicines are mostly initiated by specialists, and include treatments for cancer and other chronic conditions. Specialty medicines often require complex patient follow-up and monitoring.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\nMuch more data can be found in the report, &#8220;Medicines Use and Spending in the U.S.: A Review of 2015 and Outlook to 2020&#8221;, which you can access <a href=\"http:\/\/www.imshealth.com\/en\/thought-leadership\/ims-institute\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Total spending on medicines in the U.S. reached $310 billion in 2015 on an estimated net price basis, up 8.5 percent from the previous year, according to a new report issued today by the IMS Institute for Healthcare Informatics. Invoice spending is based on IMS Health reported values from wholesaler transactions measured at trade\/invoice prices [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":12148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12],"tags":[271,272],"topic":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Drug Spending Growth Surges Again in 2015 - Pharma Marketing Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ec2-54-175-84-28.compute-1.amazonaws.com\/pharma-mkting.com\/blog\/drug-spending-growth-surges-again-in\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Drug Spending Growth Surges Again in 2015 - Pharma Marketing Network\" \/>\n<meta property=\"og:description\" content=\"Total spending on medicines in the U.S. reached $310 billion in 2015 on an estimated net price basis, up 8.5 percent from the previous year, according to a new report issued today by the IMS Institute for Healthcare Informatics. 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