|
NEW YORK (AP) - Economic expansion in developing countries helped boost pharmaceutical sales in countries like China and Mexico to double-digit growth last year, outpacing sales in larger markets such as the U.S., Japan and Germany, according to a report released Tuesday.
IMS Health, which provides market information on the pharmaceutical industry, said that drug sales around the world rose 7 percent to $602 billion in 2005, but sales in China increased 20 percent to $9.3 billion and sales in Mexico rose 12 percent to $7.5 billion.
Many countries in the developing world are experiencing significant growth which is allowing them to finance health care improvements, including purchasing more drugs, said Murray Aitken, senior vice president of corporate strategy at IMS.
|