Market Access Report: Pharmaceuticals

March 31, 2002 | BY

clpstaff &clp articles

Jones, Day, Reavis & PogueOverviewChina's pharmaceutical sector is expected to continue to grow at a healthy rate of between 15.0% and 17.0% in 2002.…

Jones, Day, Reavis & Pogue

Overview

China's pharmaceutical sector is expected to continue to grow at a healthy rate of between 15.0% and 17.0% in 2002. China has the world's fastest growing over-the-counter drug market and is already positioned as the world's second largest pharmaceuticals chemical producer. Some industry experts estimate that China's pharmaceuticals market will reach sales of US$24 billion by 2010 and will become the world's largest pharmaceutical market by 2020.

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