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Return to Growth for Pharmaceutical Sector: Surge in Drug Approvals, R&D Productivity and Investor Confidence to Drive Expansion Through 2018
Date:6/24/2013

LONDON and BOSTON, June 24, 2013 /PRNewswire/ --

The industry is poised for a healthier turn after sales declined in 2012, says Evaluate's "World Preview 2013, Outlook to 2018" report

According to the newly-released World Preview report from market intelligence firm Evaluate Ltd, the worst of the patent cliff is behind us. While the pharmaceutical industry is feeling the effects of last year's decline in performance - with worldwide prescription drug sales down 1.6%- sales are forecast to start growing slowly in 2013 and then steadily increase, reaching $895 billion by 2018, according to Evaluate's report, "World Preview 2013, Outlook to 2018: Returning to Growth."

The sixth-edition World Preview report examines life after the patent cliff, providing top-level insight from the world's financial markets into the expected performance of the industry between now and 2018. The report was released today at the 2013 Drug Information Association (DIA) Annual Meeting in Boston, USA, and is available as a free download at http://www.evaluategroup.com/wp2013.

According to the World Preview 2013, the industry will benefit from improved investor confidence and R&D productivity. Of the $227bn of global drug sales that will be at risk from generic erosion following patent expirations, only $110bn is forecast to be lost over the next five years. The main reason for this is the growing contribution of biological products to global sales. By 2018, 50% of sales of the top 100 products are predicted to come from biological products which are expected to experience less sales erosion from biosimilar competition than traditional small molecules have from generic products.

"The fall in worldwide prescription drug sales in 2012 confirms our f
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SOURCE Evaluate Ltd.
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