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US medical marketing reaches $30 billion, drug ads top surge

US medical marketing reaches $30 billion, drug ads top surge

January 9th, 2019 by the Associated Press in Business

FILE - In this July 10, 2018 file photo, bottles of prescription medicines ride on a conveyor belt at a pharmacy warehouse in Florence, N.J. According to a report released on Tuesday, Jan. 8, 2018, annual spending by the U.S. health industry on ads and promotions has reached $30 billion. That includes advertisements for prescription drugs that were shown 5 million times on TV and elsewhere in 2016. That’s a huge increase in 20 years and just part of broad health industry efforts to promote drugs, devices, lab tests and even new hospitals. (AP Photo/Julio Cortez, File)

A new analysis shows annual spending by the U.S. health industry on ads and promotions has reached $30 billion. That includes advertisements for prescription drugs that were shown 5 million times on TV and elsewhere in 2016. That’s a huge increase in 20 years and just part of broad health industry efforts to promote drugs, devices, lab tests and even hospitals.

Dartmouth College researchers examined data from the U.S. government and private companies for the analysis.

They estimated that spending on medical marketing reached $30 billion — up from $18 billion. The money spent on consumer-focused ads climbed fastest. But marketing to doctors and other health professionals still grabbed the biggest share.

The analysis was published Tuesday in the Journal of the American Medical Association.