checkAd

     121  0 Kommentare U.S. Medicines Spending Grew in 2023 as Greater Access Offset COVID-19-related Decline, Says IQVIA Institute

    Overall spending in the U.S. market for medicines grew by 2.5% and reached $435Bn in 2023. Excluding the contribution from COVID-19 vaccines and therapeutics, spending grew at 9.9%, according to a new report from the IQVIATM Institute for Human Data Science, The Use of Medicines in the U.S. 2024: Usage and Spending Trends and Outlook to 2028.

    The drop in COVID-19 vaccines and therapeutics masks the significant growth in medicines that are bringing new clinical advances to larger patient populations in oncology, immunology, diabetes, and obesity.

    “This is a story of two countervailing trends: A sharp decline in the use of COVID-19 vaccines and therapies, which is offset by a shifting usage pattern and a rapid acceleration in spending growth driven by innovation that is bringing more effective medicines to more patients,” said Murray Aitken, Executive Director of the IQVIA Institute for Human Data Science. “Over the next five years, we can expect continued growth in spending on medicines in the U.S. driven by innovation, but offset by notable expiration events and biosimilar introductions.”

    Additional key highlights in the report include:

    • Health services utilization: The IQVIA Health Services Utilization Index – developed to provide a composite view of multiple types of health services over time – tracks patient visits, screenings and diagnostic tests, elective procedures, new prescriptions and vaccinations. The Index fell to 97 for 2023, a decline of 3% from 2022, reflecting a 4-6% reduction across all indicators except for new prescriptions, which were up 4%. New prescriptions for chronic and acute conditions were both above pre-pandemic levels in 2023, reflecting continued growth of chronic prescriptions and a resurgence of seasonal respiratory ailments driving higher acute prescriptions. Flu vaccination rates fell by 17% from the 2022 level, and other routine adult and pediatric vaccination rates remain below pre-pandemic levels.
    • Medicine use: In 2023, total prescription medicine use increased by 4% and reached 210 billion days of therapy. Non-retail medicine use, including a large portion of cancer treatment, was disrupted early in the pandemic but has seen a sharp rise, especially in clinics and doctors’ offices. Retail prescriptions reached 6.9 billion, a 2.9% increase from 2022 and down slightly from the prior year. Many therapy areas had high growth in days of therapy in 2023, including GLP-1 agonists in obesity and diabetes, immunology treatments, lipid regulators, and gastrointestinal medicines, all of which had increased use of more than 9% in 2023.
    • Patient out-of-pocket costs: In aggregate, patient out-of-pocket costs reached $91Bn in 2023, an increase of $5Bn over the prior year. This amount is after $23Bn in copay assistance programs provided by manufacturers, with patients using copay cards for nearly one-third of brand commercial prescriptions in the top 10 therapy areas and 63% of obesity prescriptions. Both commercial and Medicare patients have seen drug out-of-pocket costs rise, while the amount paid by uninsured patients has declined due to a smaller uninsured population – even as rising list prices have exposed them to higher costs. More than 90% of prescriptions costed patients less than $20, but 1%, or 71 million prescriptions, exceeded $125.
    • Medicine spending and growth drivers: The U.S. market at net prices grew to $435Bn in 2023. Spending at list prices has increased faster than all-payer net spending but far slower than the spending eligible for 340B discounts, which includes children’s hospitals, cancer and safety net hospitals, and which are entitled to purchase at the lowest prices in the market. Variations in growth at differing price levels highlight the complex interaction between list prices and the varied discounts applicable to different stakeholders. Total spending grew $10.4Bn in 2023, driven primarily by $19Bn in spending on new brands, a $22Bn impact on changes in the mix of medicines toward higher value medicines, and offset by a $28Bn decline in COVID-19 spending and $17Bn impact of expiries.
    • Outlook to 2028: The U.S. spending forecast reflects continued growth driven by innovation, offset by notable expiry events. The next five years are expected to bring an increasing gap between list price spending, which will grow at 6-9%, and manufacturer net revenues, which will grow at 4-7%, including the expected impacts of price negotiation and other aspects of the Inflation Reduction Act. Oncology and obesity will drive growth through 2028 while diabetes, immunology and COVID-19 will contribute to decline. Net spending on diabetes will be flat to 2028 as wider adoption of novel therapies is offset by both list and net price cuts. Immunology spending growth is expected to slow to 2-5% through 2028 from the impact of biosimilars, while volume increases 75% over the same period. Next-generation biotherapeutics – including cell and gene and RNA therapies – are expected to reach $18Bn by 2028, more than 3.5 times the current level.

    About the IQVIA Institute for Human Data Science

    Seite 1 von 2



    Business Wire (engl.)
    0 Follower
    Autor folgen

    Weitere Artikel des Autors


    U.S. Medicines Spending Grew in 2023 as Greater Access Offset COVID-19-related Decline, Says IQVIA Institute Overall spending in the U.S. market for medicines grew by 2.5% and reached $435Bn in 2023. Excluding the contribution from COVID-19 vaccines and therapeutics, spending grew at 9.9%, according to a new report from the IQVIATM Institute for Human Data …