The R&D expenditure by the pharmaceutical industry in China, as a percentage of GDP, is projected to increase steadily from 2024 through 2026, reaching a stable level by 2027 and 2028. From 2024 to 2025, a year-on-year increase of 3.26% is expected, followed by a similar increase to 2026. The compound annual growth rate (CAGR) over these five years is approximately 2.1%. In 2023, the actual value was lower, indicating a positive growing trend in the coming years.
Future trends to monitor include:
- Impact of regulatory changes on R&D expenditure.
- China's strategic focus on pharmaceutical innovation and collaboration.
- The influence of global partnerships and investment in the sector.
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