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China's Spending for Drugs to Rise 6-9% during 2016-2020: IMS

publication date: Nov 20, 2015
Over the next five years, China's spending on medicines will grow at a 6-9% CAGR, with a total drug spend of $150-$180 billion in 2020, according to a forecast released by healthcare consultancy IMS. Just one year ago, IMS predicted that China's drug market would grow at a 10-13% CAGR over the same time period. China's expected economic slowdown is part of the reason for the revision, but IMS also thinks that, as more of China's citizens gain access to medicines, there is a smaller driver for future growth. (Editor's Note: ChinaBio believes there is still significant upside for western drugs in China). More details....

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