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USA – Overview of Prescription Drugs Market Industry and Healthcare Statistics in 2022

 The global prescription drugs market size stood at USD 811.00 billion in 2018 and is projected to reach USD 1,562.15 billion by 2026, exhibiting a CAGR of 8.9% during the forecast period

Prescription drugs help people all around the world find treat medical conditions, but they can also cause harm if they’re misused. Let’s take a look at some prescription drug statistics to learn how common prescription drug use is, the prevalence of prescription drug misuse, and how much prescription drugs cost.      

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How common is prescription drug use?

The coronavirus pandemic has increased prescription drug use and impacted the way people get their medications. In the past year, SingleCare saw increases in prescription fills among many drugs, especially drugs thought to treat COVID-19, supplements, antidepressants, and stimulants for attention-deficit hyperactivity disorder (ADHD):

  • 525% increase in fills for hydroxychloroquine
  • 70% increase in fills for generic Lexapro
  • 66% increase in fills for vitamin C
  • 62% increase in fills for dexamethasone
  • 39% increase in fills for ibuprofen
  • 31% increase in fills for generic Zoloft
  • 27% increase in fills for metformin HCl
  • 21% increase in fills for trazodone HCl
  • 20% increase in fills for generic Prozac
  • 19% increase in fills for vitamin D
  • 16% increase in fills for generic Adderall

According to the American Psychological Association, the misuse of opioid pain relievers and stimulants has also risen during the pandemic, as people attempt to cope with conditions like anxiety and depression.

Key players covered in the global Prescription Drugs Market research report:

  • Novartis AG
  • Pfizer, Inc.
  • F. Hoffmann-La Roche Ltd
  • Sanofi
  • Johnson & Johnson Services, Inc
  • Merck & Co., Inc.
  • AbbVie, Inc.
  • GlaxoSmithKline plc.
  • AstraZeneca
  • CELGENE CORPORATION (BRISTOL-MYERS SQUIBB COMPANY)

What are the most common prescription drugs in the US?

The Top 300 Drugs of 2019

Rank      Drug Name          Total Prescriptions (2019)

1            Atorvastatin        112,104,359

2            Levothyroxine     102,595,103

3            Lisinopril              91,862,708

4            Metformin           85,739,443

 

Which country uses the most prescription drugs?

While the United States has the larger population and the great absolute prescription drug outlay as a country, its spending per capita (shown in Exhibit 1 and Exhibit 2) is still significantly higher than that of other countries

What percentage of pharmaceutical drugs does the US consume?

And Bush's largest point that Americans generally over-medicate is financed, too. According to the National Institute on Drug Abuse, the United States adoption 75 percent of all of the world's prescription drugs, period. 

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