• About   |
  • Submit Guest Post |
  • Contact Us
No Result
View All Result
The Second Angle (TSA Magazine)
Advertise
  • Infotainment
    • Sports
    • People
    • Inspiring
  • Entertainment
    • Lifestyle
    • Home & Decoration
  • Buzz
  • Education
  • Travel
  • Finance
  • Healthcare
  • Technology
The Second Angle
No Result
View All Result
  • Infotainment
  • Entertainment
  • Buzz
  • Education
  • Travel
  • Finance
  • Healthcare
  • Technology
Advertisement
ADVERTISEMENT
Lexitoto
Slot Demo
RTP SLOT
Lexitoto
Aplikasi Lexitoto
RTP Lexitoto
RTP IDN Slot
RTP PG Soft
RTP Habanero
RTP Microgaming
RTP TopTrend Gaming
RTP GMW
RTP Nolimit City
RTP Booster
Slot Demo Bambu4d
Slot Demo PG Soft
Slot Demo Habanero
Situ Togel Online
Situs Togel Amanah
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Prediksi Togel Lexitoto
Slot Demo PG Soft
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Tips dan Trik Slot Gacor
Prediksi Togel Lexitoto
Lexitoto
Vietnam Lottery
Syair HK
Octagon Lottery
Bandar Situs Togel
Situs Slot Gacor
Bocoran Slot Gacor
Lexitoto
Togel Toto Macau
Situs Togel Macau
Prediksi Macau
Bambu4d
Prediksi Togel Bambu4d
Slot Gacor Bet Kecil
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Situs Togel Online
Aplikasi Bambu4d
Aplikasi RTP Slot
Aplikasi RTP Booster
Aplikasi Slot Demo
Aplikasi Prediksi Togel
RTP Bambu4d
RTP IDN Slot
RTP PG Soft
RTP Habanero
RTP Microgaming
RTP TopTrend Gaming
RTP GMW
RTP Nolimit City
RTP Playstar
RTP Booster
Slot Demo Bambu4d
Slot Demo PG Soft
Slot Demo Habanero
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Prediksi Togel Bambu4d
Bambu4d
Toto Macau
Live Draw HK
Live Draw SDY
Toto Macau
Bandar Togel
https://bluewaveslogistics.com/
Prediksi Syair Taiwan
Situs Toto
Slot Gacor
RTP Slot Gacor
Prediksi Syair HK
Prediksi Syair HK
Prediksi SGP
Prediksi SGP
Prediksi Syair Cambodia
Prediksi Cambodia
Prediksi Cambodia
Prediksi Syair China
Prediksi Syair China
Prediksi Syair SDY
Prediksi PCSO
Syair SDY
SYAIR HK
Situs Togel
Paito SGP
Paito HK
Paito SDY
Prediksi Macau
Live Draw Cambodia
Prediksi Jepang
Situs Togel
Slot Thailand
Live Draw Cambodia
Live SGP
lexitoto
Live Macau
RTP SLOT
hinterlaces.com RTP Slot
Rtp Slot
situs toto
lexitoto
slot deposit pulsa
lexitoto
Data Pengeluaran HK
Prediksi Cambodia
Toto Slot
PREDIKSI SDY
Live Draw HK
Prediksi Macau
Prediksi Cambodia
SYAIR SDY
Prediksi Macau
Slot Pulsa
Prediksi Cambodia
Lexitoto
SYAIR SGP
Toto Slot
Prediksi HK
Situs Slot Gacor
SYAIR MACAU
RTP SLOT HARI INI
Slot Pulsa
Slot Thailand
Prediksi Cambodia
Home News

China aggressively gaining stake in the global pharma market. Where does it leave India?

Fahad Tausif by Fahad Tausif
June 11, 2021
in News, Healthcare, World News
Reading Time: 3 mins read
china

Image Credit: Deccan Herald

Share on FacebookShare on WhatsApp
Advertisement Advertisement Advertisement
ADVERTISEMENT

 

Sujesh Vasudevan, president of Formulations Glenmark warned in 2015 about the looming threat from the Chinese pharmaceutical sector.

“China appears to have realized that there is not much value in active pharmaceutical ingredients and it is time for moving up the value chain.”

In the period between 2011 to 2015, Chinese firms aggressively poached top Indian pharmaceutical scientists with up to 3x higher pay and benefits. China’s pharmaceutical market has been growing at an alarming rate which is a major problem for developing nations and even more so for India.

Expected statistical figures value the Chinese pharma market at 161 billion by 2023 with at least 30% global market share. Generic medicines dominate more than 90% of total pharmaceuticals in china and with more than 5000 small and medium manufacturers, R&D funding is less than 5% of average sales

RelatedPosts

This Diwali, RVCJ & Honda, in Association with Chinese Wok, Unveil 'WRONG NUMBER REBOOT' – A Perfect Blend of Love, Laughter, & Entertainment

This Diwali, RVCJ & Honda, in Association with Chinese Wok, Unveil ‘WRONG NUMBER REBOOT’ – A Perfect Blend of Love, Laughter, & Entertainment

Top 10 Richest Athletes of 2024 - Highest Paid - RVCJ

Top 10 Richest Athletes of 2024 – Highest Paid

As one of the fastest-growing markets among emerging countries, China attracted increasing attention from around the world. Supportive national policies, economic growth, ageing population, and global trends have contributed to an increased output of nearly seven‐fold, from 2.5% in 1995 to 18.3% in 2010. China is now the second-largest pharmaceutical market in the world only to be rivalled by the USA.

In 2016, the income of large scale industrial enterprises reached (2.96 trillion RMB), an increase of 9.92%. In the field of biopharmaceuticals, sales revenue was considerably high and reached (229 billion RMB ) in 2013. According to empirical models, technology innovation was one of the key factors in upgrading pharmaceutical industries in China.

One other key factor that contributes to China’s success is its opening up to the world. Currently, 20 multinational pharma companies have set up joint ventures and most have transformed into wholly-owned business models that occupy key regional and high-end product markets in China such as Astra Zeneca, GlaxoSmithKline, and Eli Lilly.

china
Image Credit: HealthWeb
Table of Contents
  • Where does India stand in the race of pharmaceutical domination?
  • Obstacles in China's pharmaceutical expansion and how India can benefit
  • What does the future hold?

Where does India stand in the race of pharmaceutical domination?

India once accounted for only 5% of the global pharmaceutical market, but now the figures have changed to 15%. Covid has opened doors for further expansion and India is focusing on completing the trial of its Covid Vaccine and hopes to hit the market by the end of 2021.

The Indian pharmaceutical industry has been growing at a steady rate of 13-14% over the last 5 years. It has the potential to reach 70 billion USD provided polices are implemented that favour the positive movement of the industry and the overall country’s economy.

Population growth coupled with disease pervasiveness will increase the patient pool by nearly 20% by 2021. Drugs will become more affordable if there is a steady growth GDP at 8% at least as more and more households push into middle and high-income segments. This scenario strongly depends on growth in GDP and incomes, insurance coverage, and government and private sector spending on healthcare.

Obstacles in China’s pharmaceutical expansion and how India can benefit

The disproportionate development of homogeneous generic drugs resulted in over-capacity of the same products, which catalyzed the unordered market competition. Many manufacturers provided the same type of generic drugs, each manufacturer acquired only minimal profit margins.

The funding system poses a notable challenge to drug innovation in China. Improper capitals arrangement was prevalent and usually resulted in the inefficiency of new drug R&D. Public investment was the main financial source for R&D institutes in the pharmaceutical sector, of which more than 81% R&D expenditure was accounted for with government funding and private investment only accounted for 5.41% in 2012. The Chinese government has now implemented measures for increasing resources into R&D institutions. This allocation of capital resulted in China opting for new regulations that would give its firms exclusive control over their clinical test data, which might lead to an increase in production costs for formulations and steer China away from a generic pharma status like India’s.

Huge fragmentation of the industrial composition, small R&D intensity, and serious product uniformity are the major hurdles in china’s path.

What does the future hold?

India’s pharmaceuticals market has developed firmly and moved on to an expedited growth route. the question now rests around the ability of the Indian government to manage and stimulate the growth of the country’s economy.

Every step our government takes is foundational and will play a pivotal role in defining the movement of market growth.

Read: More Than 6,000 People In Lanzhou, China Tests Positive For A Bacterial Disease Named Brucellosis

For more, like us on Facebook or follow us on Twitter, Instagram, and Telegram

ShareSendTweet

Related Posts

This Diwali, RVCJ & Honda, in Association with Chinese Wok, Unveil 'WRONG NUMBER REBOOT' – A Perfect Blend of Love, Laughter, & Entertainment
News

This Diwali, RVCJ & Honda, in Association with Chinese Wok, Unveil ‘WRONG NUMBER REBOOT’ – A Perfect Blend of Love, Laughter, & Entertainment

This Diwali, RVCJ is back with a bang! RVCJ & Honda in association with Chinese Wok, is excited to announce...

Read moreDetails
Top 10 Richest Athletes of 2024 - Highest Paid - RVCJ
Infotainment

Top 10 Richest Athletes of 2024 – Highest Paid

Ever wondered about how your favourite athletes earn? Let's find out. We have compiled a list of the top 10...

Read moreDetails
The Richest Woman In The World -
World News

Who Is The Richest Woman In The World? Top 10 List – 2024

According to Forbes' 2024 data, 369 out of 2,781 billionaires, or 13.3% are women, up from 337 last year. But...

Read moreDetails
8 Brain-Boosting Habits For A Sharper Mind
Healthcare

8 Brain-Boosting Habits For A Sharper Mind

Our brain is a remarkable organ that constantly adapts and evolves based on our lifestyle choices and daily habits.

Read moreDetails
Polish Man Sentenced To Four Months, Deported From Denmark For June Assault On Danish Prime Minister
News

Polish Man Sentenced To Four Months, Deported From Denmark For June Assault On Danish Prime Minister

A Polish man on Wednesday was sentenced to four months in jail for assault on Danish Prime Minister as well...

Read moreDetails
Egypt Asks Its Airlines To Avoid Iranian Airspace For Three Hours On Thursday
News

Egypt Asks Its Airlines To Avoid Iranian Airspace For Three Hours On Thursday

Egypt instructed all of its airlines to avoid Iranian airspace for three hours in the early morning on Thursday amid...

Read moreDetails
Load More

Comments 5

  1. sonam zahoor says:
    5 years ago

    stakes are indeed very high. very well written Fahad Tausif. Keep it up

    Reply
  2. sonam zahoor says:
    5 years ago

    stakes are indeed very high. very well written Fahad Tausif. More powers to you

    Reply
    • Fahad Tausif says:
      5 years ago

      thank you

      Reply
  3. Iqra binte Bashir says:
    5 years ago

    Pharma is the sector with unlimited potential , you have a good take on this
    I really loved the way youbpresented your thoughts.

    Reply
    • Fahad Tausif says:
      5 years ago

      thank you

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest

How To Have The Perfect Vacation Or Staycation

How To Have The Perfect Vacation Or Staycation

The 7 Most Influential Albums Of All Time In The History Of Music

The 7 Most Influential Albums Of All Time In The History Of Music

Wildlife Encounters: Discover Breathtaking Fauna In These 10 National Parks Of India

Wildlife Encounters: Discover Breathtaking Fauna In These 10 National Parks Of India

ADVERTISEMENT

About

The Second Angle

The Second Angle (TSA) Magazine covers a broad spectrum of topics including Entertainment, Lifestyle, education, Crypto, iGaming, Technology, fashion, beauty, relationships, celebrities, wellness, travel, and food. It also features user-generated content in the form of tips, guest post, forums, polls, contests and other interactive articles.

Important Links

  • About
  • Guest Post
  • Privacy Policy
  • Terms
  • Contact Us
  • Newsletter
ADVERTISEMENT

© 2017-23. The Second Angle. All Rights Reserved. Developed and Managed by SquareBase.io

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Infotainment
    • Sports
    • People
    • Inspiring
  • Entertainment
    • Lifestyle
    • Home & Decoration
  • Buzz
  • Education
  • Travel
  • Finance
  • Healthcare
  • Technology

© 2017-23. The Second Angle. All Rights Reserved. Developed and Managed by SquareBase.io

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.