New Healthcare research report from Business Monitor International is now available from Fast Market Research

Boston, MA -- (ReleaseWire) -- 04/15/2014 --Strong sales growth reported by multinational pharmaceutical firms in China over the course of 2013 is directly in line with our longterm optimism towards the country's pharmaceutical and healthcare market. We continue to maintain this view, in light of supportive government policies and positive population dynamics.

Headline Expenditure Projections

- Pharmaceuticals: CNY532.4bn (US$86.6bn) in 2013 to CNY610.8bn (US$99.7bn) in 2014; +14.7% in local currency and +15.1% in US dollar terms.
- Healthcare: CNY3,172.4bn (US$516.0bn) in 2013 to CNY3,601.5bn (US$587.8bn) in 2014; +13.5% in local currency terms and +13.9% in US dollar terms.

Risk/Reward Rating: China's Pharmaceutical Risk/Reward Rating (RRR) score for Q214 is 64.8 out of the maximum 100 under our newly improved RRR system. The country scored above average for the majority of the indicators and sub-indicators including overall market expenditure, sector value growth, patent respect and policy continuity. China is ranked fifth, behind Japan, South Korea Australia and Taiwan among the 19 key markets in Asia Pacific.

View Full Report Details and Table of Contents

Key Trends And Developments

- In February 2014, Sagent Pharmaceuticals launched its National Research Centre (NRC) in Bio- Technology Park in Chengdu, China. The NRC will focus on process and method development of technically challenging specialty injectable pharmaceuticals, according to CEO Jeffrey M Yordon. The centre is equipped with state-of-the-art equipment and staffed with a team of global experts in specialty injectable development. The centre will initially focus on developing liquid and lypholisation products for Sagent China Pharmaceuticals (SCP), Sagent's Food and Drug Administration-inspected manufacturing facility.
- In January 2013, Actavis, the second-biggest global generic drugmaker by market capitalisation, announced that it will end its presence in China due to difficult business climate. The firm divested Actavis (Foshan) to Zhejiang Chiral Medicine Chemicals and intends to continue further commercial operations in China by collaborating with its preferred business partners.
- In December 2013, Japan-based Chugai signed an agreement with China Taizhou Medical High-Tech Industrial Development Zone, or China Medical City (CMC). Under this, Chugai will establish a wholly owned import, sales and marketing subsidiary in the country. Previously Chugai exported its products to wholesalers and other pharmaceutical firms in China. With the establishment of the subsidiary (scheduled in March 2014), the firm expects increased flexibility in its business activities, as it will directly distribute its products.

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