Rise in China’s Global Pharma Market up to $175 billion by 2022 – Market Prediction | Drugdu.com
Rise in China’s Global Pharma Market up to $175 billion by 2022 – Market Prediction May 24, 2018 Source: Ddu 118 Though the US stands first in the race in terms of sales and growth, it is highly believed that China would reach the peak in the pharma market by 2022. At present, since there has been a decrease in public health funding, there has been a slight fall in pharmerging countries like Brazil, Russia, India and China (BRIC). But it is believed that the condition of these pharmerging countries will improve in the next five years [1]. Spending on medicines in pharmerging countries in 2022 (in billion US dollars) [2] Market Scope predicted that China’s ophthalmic market would reach $4.0 billion from $2.7 billion in 2022 [3]. Though the economy of China was initially quite slow, the country has increased access to medical care with more government spending on health and a rising supplemental health insurance markets. For the last two years, ...