Pharmaceutical Ad Spending Up 62% Since 2012

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The U.S. is one of only two countries that allow drug ads on TV (the other is New Zealand), and spending keeps rising. Most other markets have not increased spending since 2012.

$6b was the amount spent last year, mostly on TV, and the ads are shown most heavily during major network’s evening news, Mike & Molly, and General Hospital, according to Kantar Media, a consulting firm that tracks multimedia advertising.

The value of the industry in the U.S. is reported to be $425b nominally; $263b in pharmacy and drug store sales.

While drug ads are legal in American and not in Canada, Canadian authorities have more or less turned a blind eye to illegal ads targeting consumers, at least according to the research of UBS scientists. Plus, it’s always been legal to target health professionals in Canada, and a few years ago “reminder ads” (brand recognition aimed at consumers without any health claims) were made legal.