US healthcare market is too focused on the new drugs taking market share
US healthcare system largest in the world
Pieter Fourie of Sanlam UK
In formulating either a positive or negative view of global healthcare businesses, one has to consider the US healthcare system being the largest in the world in terms of both drug and medical device sales.
It spends far more as a percentage of GDP than any other developed nation at over 16%, and accounts for roughly 40% (or $425bn) of global pharmaceuticals sales and about 44% (or $190bn) of global medical...
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