China Will Become World's Third Largest Pharmaceutical Market In Three Years
This article was originally published in PharmAsia News
Executive Summary
China's pharmaceutical market is expected to expand from the world's fifth largest to the third largest market by 2013, overtaking Germany and France
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China's pharmaceutical market is expected to expand from the world's fifth largest to the third largest market by 2013, overtaking Germany and France. At a recent forum, China Pharmaceutical Enterprises Association President Yu Mingde said China's upcoming "12 Five Year Plan" will result in a qualitative change in the industry. Yu noted that China's biomedical industry growth over the next five years will come mostly from anti-tumor and diabetes medicines, biosimilars, and other types of modern drugs. Additionally, China will have over 100 varieties of drug exports to the U.S. and Europe. (Click Here For More - Chinese Language) "China Will Become World's Third Largest Pharmaceutical Market In Three Years"- news.xinmin.cn (9/04/10) |