Pharmaceutical Sales To Approach US$90bn Within Five Years

BMI View: China is our favourite emerging pharmaceutical market. Combined sales of prescription drugs and over-the-counter (OTC) medicines are forecast to increase from CNY319.3bn (US$46.bn) in 2009 to CNY571.2bn (US$88.7bn) in 2014. Due to the strengthening yuan, this equates to a compound annual growth rate (CAGR) of 12.4% in local currency terms and 13.7% in US dollar terms. Over the next five years, annual per-capita spending on pharmaceuticals is projected to increase from US$35 to

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