|[August 21, 2013]
Research and Markets: China Healthcare, Regulatory and Reimbursement Landscape - Pharma Market to Rocket Over 650% Revenue Growth by 2020
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/s5zmtc/countryfocus)
has announced the addition of the "CountryFocus:
Healthcare, Regulatory and Reimbursement Landscape - China"
report to their offering.
China's Upcoming Pharma Market Boom: Over 650% Revenue Growth by 2020
Considerable investment in China's pharmaceutical Research & Development
(R&D) sector, along with numerous government-initiated reforms, will
spark soaring growth in the country's pharmaceutical market in the near
future, says a new report from research and consulting firm The authors.
According to the company's latest report on China's healthcare
industry*, the country's pharmaceutical market vlue will climb from an
estimated $48 billion in 2012 to a massive $315 billion in 2020, at a
Compound Annual Growth Rate (CAGR) of 26.5%.
This increase will see China's pharmaceutical market become the second
largest in the world, with surging revenue propelling industry value
significantly closer to that of the US, which The authors forecasts to
reach $475 billion in 2020.
An expanding and aging population will also play a key role in boosting
China's pharmaceutical market revenue. With the country's elderly
population expected to account for 19% of its total population of 1.41
billion in 2020, The authors expects to see a rising prevalence of
chronic diseases, which will in turn spark an increasing demand for
This factor will also be a primary driver behind the rising value of
China's medical device market - the second largest in Asia, behind Japan
- which The authors forecasts will climb from $20 billion in 2012 to $54
billion in 2020.
These positive trends can primarily be attributed to:
- Increasingly elderly population
- Widening healthcare insurance coverage
- Improved Intellectual Property Rights (IPR) environment
Key Topics Covered:
1 Tables & Figures
3 Overview of the Pharmaceutical and Medical Device Markets
4 Market Access
5 Country Analysis
6 Opportunities and Challenges
For more information visit http://www.researchandmarkets.com/research/s5zmtc/countryfocus
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