IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

U.S. Pharma Market to Shrink in 2009

6:43 AM MDT | April 23, 2009 | Alex Scott

The U.S. pharmaceuticals market in 2009 will shrink by between 1% and 2%-a historic low, says IMS Health (Plymouth Meeting, PA), a market research group, in a recent report. Although growth to the U.S. pharma market will return during parts of the next few years, the overall five-year CAGR will be essentially flat, IMS says.   As the cost of medication in the U.S. shifts increasingly to patients, consumers are being forced to make difficult decisions about starting or continuing treatment, IMS says. “Federal policies may bolster demand for medicines...

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