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China Pharmaceutical Guidebook: Latest Chinese Regulations for Imported Drug Registration
Date:6/17/2013

MUMBAI, India, June 17, 2013 /PRNewswire/ --

Bharat Book Bureau presents China Pharmaceutical Guidebook: Latest Chinese Regulations for Imported Drug Registration (http://www.bharatbook.com/market-research-reports/healthcare-market-research-report/china-pharmaceutical-guidebook-latest-chinese-regulations-for-imported-drug-registration.html).

     (Logo: http://photos.prnewswire.com/prnh/20130128/590935)

China possesses a fourth population in the world and has one of the largest drug markets round the world. By 2012, sales on the Chinese drug market have reached RMB 926.1 billion (about US$147 billion) reported by the end of 2012. A series of factors, such as an increasingly ageing population, accelerating growth of the urban population as well as expansion of healthcare covering urban and rural, will grow the Chinese drug market with a growth rate over 20 percent per annum in the next three years. China is expected to become the second largest drug market in the world by 2015.

Since the reform and open door policy implemented by the Chinese authorities in the late 1970s, the door of the Chinese drug market began opening up to the world step by step, which gave a fillip to the imported drugs from overseas pharmaceutical manufacturers and producers. By 2012, sales of imported drugs have shared one fourth on the Chinese drug market. As China joins the World Trade Organization (WTO) and integrates more completely into the global economy, it will further open the door of a lucrative drug market for overseas pharmaceutical companies. More and more overseas pharmaceutical manufacturers and producers expect to enter such drug market
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SOURCE Bharat Book Bureau
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