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Pharma sales to reach $1.1 trillion in 2014, says IMS Health

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Executive Summary

The global pharmaceutical market is to grow by nearly $300 billion over the next five years (a compound annual growth rate of 5-8%), hitting $1.1 trillion in 2014, says a new forecast from IMS Health. The growth comes despite the patent expiries of key blockbuster drugs in developed markets, and is helped by pharma's shift in focus towards emerging markets.

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