China: Drug market to grow over 25% by 2015 says latest report
According to the report ‘Latest Chinese Regulations for Imported Drug Registration: China Pharmaceutical Guidebook Series (4th edition)’ the Chinese drug market will grow over 25% to 2015.Chinais expected to become the second largest drug market in the world by 2015.
As China integrates more completely into the global economy, it will further open the door to a lucrative drug market for overseas pharmaceutical companies. More and more overseas pharmaceutical manufacturers and producers expect to enter such drug market and seize a larger part of such drug market. To enter such a lucrative drug market, the first obstacle faced by overseas pharmaceutical manufacturers and producers is how to file the application for their imported drug registration with Chinese pharmaceutical authorities.
Chinese pharmaceutical market growth will be driven by a series of factors such as an increasingly ageing population, accelerating growth of urban population as well as expansion of healthcare covering urban and rural. More details of this can be found in the report:
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