ChinaBio(R) LLC Release: China's Prescription Drug Market to Reach $315 Billion in 2020
8/2/2013 1:12:24 PM
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by Richard Daverman, PhD
August 2, 2013 -- GlobalData projects China’s prescription drug market will expand at a 26% compound annual growth rate to $315 billion in 2020, up from $48 billion last year. One of the drivers is China’s investment in drug R&D. GlobalData also believes the growth will take place because of (not in spite of) price pressures being exerted by China’s government. By increasing affordability, less-expensive products will expand the market and more than make up for lower unit prices, says the company. More details....
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