Prescription medicines: U.S. spending growth 2000-2024

Published by
Matej Mikulic,
Dec 12, 2024

For 2024, spending on prescription medicines increased by more than eight percent compared to the previous year. This value includes only retail drug spending, excluding nonretail. This statistic shows the spending growth for prescription medicines in the United States from 2000 to 2024.

Spending growth for prescription medicines in the U.S. from 2000 to 2024

CharacteristicSpending growth
2024* 6.8%
2023* 7%
2022 8.4%
2021 6.8%
2020 4.4%
2019 4%
2018 2.2%
2017 0.7%
2016 0.4%
2015 7.4%
2014 12.1%
2013 0.9%
2012 0.3%
Showing entries 1 to 13 (25 entries in total)
Created with Highcharts 7.2.2Spending growth11.7%11.7%15.2%15.2%13.7%13.7%12.4%12.4%8.9%8.9%6.6%6.6%9.4%9.4%4.9%4.9%2.1%2.1%4.1%4.1%-0.3%-0.3%1.2%1.2%0.3%0.3%0.9%0.9%12.1%12.1%7.4%7.4%0.4%0.4%0.7%0.7%2.2%2.2%4%4%4.4%4.4%6.8%6.8%8.4%8.4%7%7%6.8%6.8%200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023*2024*
-2.5%0%2.5%5%7.5%10%12.5%15%17.5%

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Release date

2024

Region

United States

Survey time period

2000 to 2024

Supplementary notes

* Forecast.

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