Key Characteristics of the Pharmaceutical Sector in OECD Economies
Abstract:This chapter serves to provide context for the analysis of pharmaceutical pricing policy presented in later chapters of this report. It provides an overview of the pharmaceutical sector in OECD countries, identifying key cross‐country differences and similarities. The chapter begins by describing pharmaceutical expenditure levels and cross‐country differences in the value of consumption and in retail prices paid. It then assesses the role of the pharmaceutical industry in OECD economies, in terms of the levels of production, R&D and trade.
Document Type: Review Article
Publication date: September 1, 2008