Fine Chemicals: Prospects Improving

The global pharmaceutical industry is expected to grow 4%-6% this year, and sales will exceed $825 billion, says consulting firm IMS Health (Norwalk, CT). IMS Health also expects the global pharma industry to grow at a compound annual growth rate of 4%-7% until 2013, and pharma industry sales to expand to more than $975 billion over the same period. “Overall, market growth is expected to remain at historically low levels, but stronger-than-expected demand in the U.S. is lifting both our short- and longer-term forecasts,” says Murray Aitken, senior...

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