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Drug Sales May Advance to $1.1 Trillion on Emerging-Market Boom
San Francisco Chronicle

Drug sales may grow at least 5 percent worldwide in each year through 2014 as increasing demand in developing countries offsets price drops tied to generic competition, according to IMS Health Inc.

The annual market may reach $1.1 trillion for 2014, the Norwalk, Connecticut-based research company said in a report released today. Global sales expanded 7 percent to $837 billion last year, IMS said.