Value Created by OTC Medicines Generates Billions in Savings to ...

The Consumer Healthcare Products Association (CHPA) today released findings from its 2022 Over-The-Counter (OTC) Value Study, ...

"Once again, the data is overwhelmingly clear – OTC medicines are essential to our nation's healthcare system, saving billions of dollars and ...

Value-of-OTC-Medicines-to-the-US-Healthcare-System-03012019.pdf

Medical devices (both for treatment and testing purposes) available over the counter create an additional $8 billion in potential savings by reducing the need ...

OTC Meds Save Billions - Managed Healthcare Executive

The availability of over-the-counter (OTC) medicines saves the US healthcare system a total of $146 billion annually, according to a new study.

The Value of OTC Medicines - Pfizer

cessation drugs to OTC status produces a 78–92 percent increase in ... found that OTC medicines offer $102 billion in annual savings relative to ...

The Power of OTCs to Provide Consumer Value

Yet the value created by OTC medicines goes beyond the relief of aches and pains, ... savings generated from fewer clinical visits and reduced ...

Over-the-counter meds save health care system money

According to the report, the value of OTC medicines is generated from nearly $95 billion in clinical cost savings (avoided doctor's office ...

The Power of OTCs to Provide Consumer Value

... savings of $167.1 billion ... Results show that self-care with OTC medicines not only benefits individuals but also benefits the entire healthcare system.

ADDING MULTIMEDIA New Study: Over-the-Counter (OTC ...

OTC medicines provide additional value through expanded access to more than 27 million consumers who would otherwise forgo treatment – more than ...

But many doctors have questioned phenylephrine's effectiveness for years. These products generated nearly $1.8 billion in sales last year alone, ...

The Use of Medicines in the U.S. 2024: Usage and Spending ... - IQVIA

Over the next five years, medicine spending will grow between 6–9% on a list price basis and 4–7% after discounts and rebates. Growth will be ...

Do Rx to OTC Switches Really Cut Costs? - LinkedIn

Each dollar spent on OTC medicines saves more than $7 for the U.S. healthcare system. Medical devices (both for treatment and diagnosis) create ...

Factors Influencing Affordability - Making Medicines Affordable - NCBI

Biopharmaceutical manufacturers often state that too much attention is focused on the list price of drug, as opposed to the end cost to health plans and ...

IRI and CHPA Study Finds OTC Medicines Save U.S. Health Care ...

“Beyond the $146 billion our study quantified in direct savings, OTC products also provide substantial indirect value by affording increased ...

THE ECONOMIC IMPACT OF OVER-THE-COUNTER PRODUCTS ...

However, the value of the UK OTC market, which generates £3.3bn in sales each year, is not limited to helping individuals treat and manage their ...

Generic and Biosimilar Drugs Generate $408 Billion in Savings For ...

According to the analysis, the U.S. health care system, including patients, employers, and taxpayers, saved $408 billion in 2022 by using FDA- ...

The Use of Medicines in the U.S. 2023 - IQVIA

Over the next five years, medicine spending will grow between 1–4% on a list price basis and -2 to 1% after discounts and rebates. Growth will ...

U.S. total medicine spending 2002-2022 - Statista

In the United States, the total amount of money spent on medicines reached approximately 574 billion U.S. dollars in 2022.

How OTC Medicines, Supplemental Benefits Improve Care, Cost

Research indicates the availability of OTC medicines provides $146 billion in value ($52 billion in drug cost savings and $95 billion in clinical visit cost ...

Prescription Drugs: Spending, Use, and Prices

Nationwide spending on prescription drugs increased from $30 billion in 1980 to $335 billion in 2018. (All estimates of drug spending and prices ...