OTC Medicine Market To Reach US$28.7bn By 2014

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China's over-the-counter (OTC) medicine market is expected to increase from CNY86.4bn (US$12.63bn) in 2009 to CNY93.76bn (US$13.95bn) in 2010. Due to the strengthening yuan, this equates to growth of 10.45% in US dollar terms and 8.52% in local currency terms. BMI notes that the 2009-14 compound annual growth rate (CAGR) for China's OTC sector (+6.83%) is below that of both generic drugs (+13.75%) and patented pharmaceuticals (+17.58%).