China’s pharmaceutical industry will be the world’s largest in less than 10 years

China’s pharmaceutical industry has experienced rapid progress since the country entered the World Trade Organization. As of 2021, China holds 12% of the global pharmaceutical market, following the United States, responsible for 40% of the total revenue worldwide. According to Xinhua, the Chinese pharmaceuticals market generated 708.75 billion yuan in 2021, while Chinese domestic pharmaceutical companies […]

Bayer in China: How the Pharma giant gained the strong approval of Chinese consumers

Bayer in China

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 […]

A dose of China’s vaccine market

The Vaccine Market in China

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 […]