In 2020, the U.S. pharmaceutical industry spent an estimated $6.58 billion on advertising
Statistic Info
The pharmaceutical industry spends a large amount of their budget on their marketing, specifically, direct-to-consumer advertising. You’ve probably seen many pharmaceutical ads pertaining to various health issues that need medical attention. This is a way for them to get the word out about any new medicine that has been developed and approved for use.
Author: Zippia
More Related Stats
Clinics & Pharmacies
Nearly 40% of Americans are confused by medical bills
The U.S. is projected to spend $605-$635 billion on medicine in 2025
85% of Facilities Are Facing Allied Healthcare Professional Shortages
Only 36% of pharmacists said they can surface patient-specific benefit information in their system
More 2020 Stats
62% of physicians spend 13-24 minutes with each patient
In 2020, the U.S. pharmaceutical industry spent an estimated $6.58 billion on advertising
Mental health visits are five times more likely to be out of network than primary or specialty care
During the H1N1 outbreak, pharmacists played a major role in the medical response as mass immunizers
Nearly 9/10 Americans live in a 5 mile radius of a community pharmacy