Finasteride is a 4-nitrosteroid hormone compound, a specific type II 5a-reductase inhibitor developed by U.S. company MSD. Since Jun. 1992 when it was approved by the FDA to be sold under the trade name Proscar, it has been registered and launched in over 100 countries and regions around the world. After MSD launched Finasteride in China, many Chinese pharmaceutical companies began to develop generic Finasteride. In China, Finasteride is used to treat and control BPH and prevent urinary system events, reduce the risk of acute urinary retention and reduce the risks of transurethral resection of the prostate (TURP) and prostatectomy.
According to this market survey, in 2003, Zhejiang Xianju Pharmaceutical Co., Ltd. became the first company that was approved by the CFDA to launch generic Finasteride in China. Later, other companies launched their generic Finasteride products in succession. At the end of 2018, about 20 companies were selling Finasteride in China. The brand-name Finasteride by MSD still took up a market share of more than 90%. The sales value of Finasteride kept rising after the drug was launched in China. In 2017, it reached CNY 248 million, representing a CAGR of about 2.00% from 2013 to 2017.
It is expected that as the Chinese population ages, the incidence of BPH and the number of patients with BPH increase in China and the indications for Finasteride expand, China's Finasteride market will continue to grow.
Topics Covered:
- Incidence of benign prostatic hyperplasia in China
- Status of China's Finasteride market
- Competition on China's Finasteride market
- Major Finasteride manufacturers in China
- Prices of Finasteride in China
- Major factors influencing the development of China's Finasteride market
- Prospect of China's Finasteride market from 2019 to 2023
Table of Contents
Companies Mentioned
- China Meheco Topfond Pharma Co., Ltd.
- China Resources Saike Pharmaceutical Co., Ltd.
- Guangdong Rongtai Pharmaceutical Co., Ltd.
- MSD
- Zhejiang Xianju Pharmaceutical Co., Ltd.
Methodology
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1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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