China’s biopharmaceutical market prepares for aging boom, but can foreign firms get a piece of the market?
A biopharmaceutical, also known as a biological medical product, refers to any medical drug manufactured in, extracted from, or semi synthesized from biological sources and produced using biotechnology. The biopharmaceutical market is one of the most innovation-intensive industries in the world, investing a great share of capital into research and development compared to any other […]
China’s Pharmaceutical Industry will be the world’s largest in under 10 years
Pharmaceuticals play an important role in the global health system by diagnosing, curing, treating and preventing diseases. The pharmaceutical industry in China has experienced rapid progress since entering the World Trade Organization. The rapid rise of China’s healthcare industry has allowed it to begin the transition from being a pharmaceutical manufacturing base to a strategic […]
The enzyme market in China partly driven by the boom of F&B and pharmaceuticals
In recent years, the scale of global enzyme market has been gradually increasing. The value of the enzyme market in China reached 35 billion RMB in 2020, increased from 24 billion RMB in 2014. China’s enzyme market is growing with the global trend and gaining competitiveness in the international market. After 50 years’ development, China […]
Chinese brand naming case studies in the pharmaceutical industry
Finding an appropriate Chinese brand name is an important step for any international brand entering China’s market as it is necessary for building brand equity among Chinese consumers. Hence, a brand that has taken care of adapting its name seems more reliable. Choosing an appropriate Chinese brand name is especially important in the healthcare industry, […]
Bayer in China: How the Pharma giant gained the strong approval of Chinese consumers
Overview of Bayer and Bayer China Bayer AG is a global enterprise with core competencies in the life science fields of health care and agriculture. Bayer, headquartered in Leverkusen, Germany, is one of the most famous companies among the world’s top 500 enterprises. In 2019, the total number of Bayer’s employees was 103,824 and the […]
Telemedicine in China: Healthcare reaches a new status quo during the COVID-19 pandemic
Data source: askCI.com- Market size of telemedicine in China from 2015-2019 Telemedicine consumer penetration Given the COVID-19 situation in the beginning of 2020, it is no surprise that the penetration rate jumped up by 2% YOY. By April 2019, the number of users of online telemedicine services in China had reached 45 million, with industry […]
The API industry in China: Producing and exporting to the global market
API produced and exported by China account for 40% of the global provision. Short for Active Pharmaceutical Ingredient, API is a component for drug products. The API industry in China plays an important role in the global pharmaceutical ecosystem. China’s position in the global API market Pharmaceutical products have drastically varied features, some being patented […]
The Traditional Chinese Medicine market: Boosted by COVID-19?
Traditional Chinese Medicine takes 30-40% of China’s pharmaceutical market The Chinese pharmaceutical market consist of biologics, generics, OTC drugs, and traditional Chinese medicine. The traditional Chinese medicine market comprises about 30-40% of drug sales in China. It also displays more rapid growth than other segments of the pharmaceutical market in China. Yangtze River Pharmaceutical Group, […]
The healthcare market in China
The healthcare market in China continues to expand rapidly, driven by an aging population, economic growth, and an expanding basic health insurance. With the growing awareness of healthcare in China, the market is emerging fast. The pharmaceutical market in China is considered as one of the main sectors in the economy, encompassing many departments of […]
A dose of China’s vaccine market
Size of the vaccine market in China The vaccine market in China has been expanding rapidly and is predicted to continue growing. The market size has grown to 25.7 billion RMB in 2017 and is expected to reach 100 billion RMB by 2030. In part thanks to the loosening of the one child policy in […]