Millennials set to spend more on prescription meds
A recent survey has found that 26% of Millennials plan to increase their prescription medication intake and budget now and after the pandemic. This may seem puzzling; after all, there is, unfortunately, no known effective treatment for COVID-19. But the increase in spending is primarily attributed to prescriptions related to mental health.
The survey shows that this attention to self-care is especially strong among Millennials. For instance, while Baby Boomers will continue to make up the largest market for prescription medications, only 8% planned to increase the amount of medication they’re currently taking.
Read on to learn more about the survey’s other findings, as well as the implications for pharma advertising.
Contact our writer – Alysa Salzberg