China’s OTC market: How Chinese self-care is being redefined
China’s OTC market has matured around traditional symptom-relief and household medicine categories. However, growth is increasingly coming from more specialized self-care needs, while changes in consumer lifestyles, treatment priorities, and purchasing channels are reshaping which products gain prominence. China’s OTC market is mature, but growth is shifting between categories China’s OTC market remained at approximately […]
China’s pharmaceutical industry: from manufacturing hub to key R&D player
Since joining the World Trade Organization in 2001, China’s pharmaceutical industry has experienced remarkable growth. In 2021, it accounted for 12% of the global pharmaceutical market, second only to the United States, which accounted for a substantial 40% of the world’s total revenue. By 2022, despite challenges from the COVID-19 pandemic, the industry demonstrated resilience, […]