IMS Market Prognosis Summary
By CPhI ChinaIMS Health and CPHI China provide a market overview and forecasts for 2016-2020.
The Chinese pharmaceutical market is forecast to grow at a compound annual growth rate (CAGR) of 6.9% (+2.5%) between 2015 and 2020, reaching RMB1,003.9 billion by 2020.
Economic growth is forecast to slow to 6.5% in 2016, from 6.9% in 2015, as private consumption growth decelerates. Over the medium term, real gross domestic product (GDP) growth will slow steadily, averaging 5.4% during 2017-2020, driven by a slowdown in investment, while private consumption should hold up better and government consumption will expand rapidly.
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