Drug Sales Will Boom in Coming Years
Although many top drugs will lose US patent protection over the next 5 years, sales from new and existing products will more than make up for any lost revenue in coming years. An aging population, particularly baby boomers who demand a better quality of life in retirement, continuing medical breakthroughs, and patient awareness will drive the demand for medication. Global pharmaceutical sales are expected to reach $415 billion by 2002. The global pharmaceutical industry generated revenues of $302 billion in 1998, of which North American sales accounted for $140 billion. Europe generated $90 billion in pharmaceutical sales, while Asia, Affica and Australia accounted for $73 billion of the total. Nine countries, including the US, Italy, Japan, Germany, France, the UK, Brazil, Spain and Canada, account for $74% of world pharmaceutical sales.
COMMENT: Nearly one half a trillion dollars of drugs are expected to be sold worldwide in the next few years. That is one heck of a large chunk of change. When you are working with sums that large, it is possible to create some very potent and effective power and influence. Patients constantly ask me why so many things are wrong in conventional medicine. Philosophically, it all boils down to the pervasive influence of the multi national drug companies. They influence nearly all of medical pre and postgraduate education. I started medical school thinking diet and exercise and came out brain washed, believing that drugs cure everything. It took me nearly ten years to fully recover from their indoctrination and see the truth. Allopathic medicine certainly has its values, but for the most part they need to be restricted to diagnostic and emergency medical interventions. When one starts to use the paradigm for chronic illness it generally leads to unmitigated disasters. Much of my medical practice revolves around rescuing people from the damage that was done to them from mainstream medical approaches. Fortunately, tools like the Internet allow more widespread distribution of the truth so people can understand how their bodies work, and how simpler measures can generally restore their health.
Dr. Joseph Mercola (847/985 1777) is board certified in family medicine and is the medical director of the Optimal Wellness Center in Schaumburg, Illinois.
(Reprint, Townsend Letter for Doctors & Patients, October 1999 edition)
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