Specialty drug market jumps, driven by new users — not higher price tags — and more biosimilar uptake
The prescription specialty drug market is rebounding from a pandemic dip which isn’t surprising, but what’s driving it may be. A recent annual spending and trend report found that increased uptake of specialty drugs by patients, not drug price increases, is fueling the growth.
Of the 14.2% overall increase tracked in 2021, 9.4% was attributed to increased use with the remaining 4.4% lift ascribed to increased drug prices, according to Pharmaceutical Strategies Group’s sixth annual Artemetrx State of Specialty Spend and Trend Report.
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