China Infectious Disease Drugs Market valued at $9.54 Bn in 2023, projected to reach $14.14 Bn by 2030 with a 5.77% CAGR. The industry is being driven by rising healthcare costs, technological innovation and advancements, and an aging population. The market is dominated by key players like Shanghai Fosun Pharmaceuticals, Sinovac Biotech, GlaxoSmithKline plc, AstraZeneca, AbbVie Inc., Gilead Sciences, Merck & Co., F. Hoffman-La Roche Ltd., Boehringer Ingelheim International GmbH, and Janssen Pharmaceuticals.
China Infectious Disease Drugs Market valued at $9.54 Bn in 2023, projected to reach $14.14 Bn by 2030 with a 5.77% CAGR.
China's Infectious Disease Drugs Market is focused on addressing numerous infectious diseases that are widespread in the country. This market covers a broad spectrum of drugs, such as respiratory infections, HIV/ AIDS, hepatitis, and tuberculosis, as well as antibiotics, antivirals, and antifungals. China continues to face issues related to antimicrobial resistance and infectious disease outbreaks, which fuels the need for novel treatments and efficient medications.
The rising demand for efficient treatments and rising awareness of infectious diseases are the main factors driving China's infectious disease drug market's steady growth. To launch novel medications and increase their market share, major players in the industry are concentrating on research and development. The expansion of the market is also being aided by government programs to enhance treatment accessibility and healthcare infrastructure.
In 2023, the global pharmaceutical market for infectious illnesses was valued at $118.75 Bn. This growth is due to an increase in diagnoses as well as government-sponsored public education efforts on infectious illness management and prevention. The increasing level of generic competition is indicative of a changing market situation. Long-term development, especially in developing nations, requires lowering financial obstacles and expanding access to treatment. More industry research and development will result from this.
Fosun Pharma is a market leader in infectious illness drugs, with a significant focus on research and development. Fosun Pharma is a major producer of Artesun® (Artesunate for Injection), a WHO-recommended first-line therapy for severe malaria. Their efforts had benefited almost 56 Mn people with severe malaria by the end of 2022. Fosun Pharma continually works to strengthen its position in the market by collaborating with other businesses and organizations. A prime example is their collaboration with the IFC to construct a pharmaceutical plant in Côte d'Ivoire, which aims to enhance Africa's access to vital medications.
Market Growth Drivers:
Increasing Healthcare Expenditure: Chinese consumers are more eager to spend on healthcare as their income levels rise. This tendency is resulting in increased healthcare spending, particularly medications for the treatment of infectious diseases.
Technological Advancements and Innovation: The Chinese pharmaceutical business is expanding quickly and innovating rapidly. Rising R&D spending is resulting in more focused and effective treatments for infectious diseases, which is propelling market expansion.
Aging Population: As a result of China's rapidly aging population, age-related infectious disorders including influenza and pneumonia are more common, which is increasing demand for infectious disease medications.
Market Restraints:
Cultural factors: Cultural attitudes and behaviors about healthcare and traditional drug use might have an impact on the market and reduce demand for Western pharmaceutical products.
Intellectual Property Issues: Historically, China's protection of intellectual property has lagged behind that of Western nations, raising worries about theft and patent infringement. This may deter Chinese companies from investing in the study and creation of novel medications to treat infectious diseases.
Barriers to Market Access: For international businesses, breaking into the Chinese pharmaceutical industry can be difficult due to import limitations, taxes, and regional market preferences.
The National Medical Products Administration (NMPA) is a national drug regulatory office under the State Council of China. The State Administration for Market Regulation is in charge of managing it. A New Drug Application (NDA) is sent by the applicant to the NMPA. The NMPA reviews the NDA before conducting an on-site inspection of the applicant's production facilities. The applicant may be requested to provide further clinical data or other relevant information by the NMPA. The NMPA's regulations are subject to frequent change, thus they require constant monitoring and modification. Other authorities may have different standards than the NMPA.
Key Players:
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Disease
By Treatment
Methodology for Database Creation
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