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Over-the-Counter Pharmaceuticals in China: A Market Analysis 2006
Access Asia Ltd., Aug 2006, Pages: 307
China has a large and fast-growing pharmaceuticals industry. The estimated value of the domestic industry in China, at the end of 2005, will be in the region of RMB288.74bn (US$34.89bn), and will have grown by over 140% since 1998.
For the domestic industry in China, the problem is that, although it is one of the world’s largest bulk manufacturers of raw drugs ingredients, it has yet to develop a real capability to develop its own proprietary drugs. This means that 99% of the over-the-counter drugs sold in pharmacies in China were developed by foreign companies. This means that China continues to pay a royalty to these developers, for drugs it could easily be developing for itself.
Given the huge size of the domestic market, both for OTC and prescription drugs, the value of the royalties paid must be huge – which is why foreign drugs makers are so keen to corner the market for themselves. However, the Chinese manufacturers are at last beginning to work together to develop their own patent drugs, in order to begin
reaping real profits.
This report, as well as all the usual market size, share, breakdown and forecast data, includes over 100 company profiles!
This report covers the market for over-the-counter (OTC) pharmaceuticals in the People’s Republic of China. The report covers the following sectors:
- Analgesics
- Cough, cold and allergy (hay-fever) remedies
- Digestive remedies
- Medicated skincare
- Vitamins and dietary supplements
- Other OTC healthcare
Key Report Features
This newly updated and greatly expanded report covers:
- Overview of China’s total non-food market, with retail sales statistics up to 2005;
- Market size analysis of China’s overall and OTC pharmaceutical market;
- Volume & value retail market for OTC pharmaceuticals in China, including regional and sector breakdown, up to 2005;
- Retail pricing trends of OTC pharmaceutical products by sector up to 2005;
- Volume & value forecast total pharmaceutical market growth and OTC pharmaceuticals in China, including sector growth, up to 2010;
- Marketing & advertising analysis;
- Statistical analysis on pharmaceutical industry by sector, with data on major manufacturers in China;
- Profiles of leading pharmaceutical companies in China;
- Key contacts & trade events;
- Overview of China’s demographics and macroeconomics.
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