China Medical Market is Expected to Grow by 20%
date:2010-04-16
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Herbridge,16 April 2010-Generic active pharmaceutical ingredients will enjoy a compound annual growth rate of 14% in China,India,Latin America and Central & Eastern Europe in the coming four years.Active pharmaceutical ingredients (API) export is expected to witness 15% growth in China in 2010.The medical market will probably increase by over twenty percent this year. said Tan Shengcai,deputy secretary general, China Chamber of Commerce for I/E of Medicines and Health Products(CCCMHPIE).
At present,China medical market value reaches $24.5 billion, ranking tenth in the World. Industry inside predicted that as the new medical reform progresses,China medical market value will reach over $70 billion,only outpaced by US and Japan.
At present,China medical market value reaches $24.5 billion, ranking tenth in the World. Industry inside predicted that as the new medical reform progresses,China medical market value will reach over $70 billion,only outpaced by US and Japan.
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