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CountryFocus: Healthcare, Regulatory and Reimbursement Landscape - China

CountryFocus: Healthcare, Regulatory and Reimbursement Landscape - China

  • January 2016
  • 222 pages
  • ID: 3664416
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CountryFocus: Healthcare, Regulatory and Reimbursement Landscape - China

Brief

GlobalData, the industry analysis specialist, has released its recent report, "CountryFocus: Healthcare, Regulatory and Reimbursement Landscape - China (CN)". The analysis is an vitally source of information on and analysis of the healthcare, regulatory and reimbursement landscape in China (CN). It determines the main trends in the country's healthcare market and provides business insights into its demographic, regulatory, and reimbursement landscape and healthcare infrastructure.

The population of China in 2014 was approximately 1.37 billion, having grown at a Compound Annual Growth Rate of 0.50 percent from 2008. The country's increasingly elderly population and a corresponding increase in the incidence of chronic diseases will help to boost the growth of the pharmaceutical industry, which was expected to be worth $106.50B in 2008 and is expected to reach $1637.30B by 2020, at a CAGR (Compound annual growth rate) of 25.60 percent. Approximately 95.0 percent of China's population has healthcare coverage. Improvements in drug safety and quality; a shorter drug registration timeline; the elimination of price caps by the government; a more transparent system for the approval of drugs and medical instruments; and an IPR regime are driving innovation in the pharmaceutical sector. These changes encourage foreign Multinational Companies to invest in China (CN). The Chinese medical device market is the second biggest in Asia, valued at $27.70B in 2014 and estimated to grow at a compound annual growth rate (CAGR) of 10.60 percent to an estimated $50.80B in 2020.

These growth trends can be primarily attributed to the following causes -

- Sedentary lifestyles leading to a high chronic disease burden.

- The accessibility of healthcare professionals in the remote areas of the county.

Overview

The study offers info on the healthcare, regulatory, and reimbursement landscape in China (CN), and includes -

- An overview of the pharmaceutical and medical device markets, comprising market size, segmentation, and top drivers and barriers

- Profiles and SWOT analyses of the main players in the pharmaceutical market: GlaxoSmithKline, Pfizer, AstraZeneca, Harbin Pharmaceutical Group and Tianjin Tasly Pharmaceutical; and profiles and SWOT analyses of the main players in the medical device market: Siemens Healthcare, GE Healthcare, Philips, Medtronic and F. Hoffman La Roche

- Insightful review of the reimbursement and regulatory landscape, with analysis covering details of the country's healthcare reimbursement process, regulatory agencies and the approval processes for additional drugs and medical devices

- Detailed analysis of the political and economic environment, covering economic indicators, demographics, healthcare infrastructure and healthcare expenditure

- An overview of the opportunities for and challenges to growth in the healthcare market

Great reasons to purchase

This industry report will enhance your decision-making capability by allowing you to -

- Develop strategic management by understanding the trends shaping and driving China's healthcare market

- Drive revenues by understanding the main trends, reimbursement and regulatory policies, pharmaceutical market segments, and firms likely to affect China's healthcare market in the coming years

- Specified effective sales and marketing strategies by understanding the ambitious landscape and analyzing the performance of different competitors

- Organize your sales and marketing efforts by identifying the market categories and segments that present the best opportunities for consolidation, investment, and tactical partnerships

- Identify, comprehend, and exploit the opportunities and challenges in China's healthcare market

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