Tags: US | IMS | Health | Emerging | Markets

IMS: China to Be Third Largest Pharma Market in 2011

Tuesday, 16 Mar 2010 11:10 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Sales of prescription drugs in emerging markets will grow rapidly over the next few years, pharmaceutical market research firm IMS Health says, with China becoming the world's third-largest prescription drug market in 2011.

IMS says pharmaceutical revenue in China is growing at a great pace, and the market there could double by 2013 as the country improves its health care infrastructure and aims for near-universal health coverage. The firm says drug revenue there will grow by $40 billion through 2013.

IMS says growth in China has come even more quickly than it expected. In 2006, it predicted China would be the world's sixth-largest pharmaceutical market by 2011. The two largest markets are the U.S. and Japan.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

No Safer With Aggressive Foreign Policy

Wednesday, 10 Sep 2014 09:20 AM

We don't know what our interventions will bring. If we remove ISIS, we remove the biggest threat to terrorist cells like . . .

Let Markets Solve Environmental Problems

Thursday, 04 Sep 2014 12:37 PM

When possible, let markets and property protect nature. . . .

We Don't Need 16,000 EPA Regulators

Wednesday, 27 Aug 2014 14:56 PM

America does still need some bureaucrats to enforce existing environmental rules and watch for new pollution problems. B . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved