VIEWS: 94 PAGES: 199 CATEGORY: Market and Industry Reports POSTED ON: 1/5/2011
China's demand for OTC Drugs has grown at a fast pace in the past decade. In the next five years, both production and demand will continue to grow. This new study examines China's economic trends, investment environment, industry development, supply and demand, industry capacity, industry structure, marketing channels and major industry participants. Historical data (1999, 2004 and 2009) and long-term forecasts throught 2014 and 2019 are presented. Major producers in China are profiled.
Chinese Markets for OTC Drugs July 2010 Published by Asia Market Information and Development Co. Asia Market Information and Development Co. 15002 225th Ave NE Woodinville, WA 98072 USA Phone (425) 844-8585 Fax: (425) 844-8515 Email: firstname.lastname@example.org Web Site: www.ChineseMarketReport.com © Copyright 2010 Asia Market Information and Development Co. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or means, electronic, mechanical, photocopying, recording or otherwise, without permission from Asia Market Information and Development Co. CONTENTS TABLE OF CONTENTS I. INTRODUCTION Report Scope and Methodology Executive Summary II. BUSINESS ENVIRONMENT Economic Outlook Key Economic Indicators Industrial Output Population and Labor Foreign Investment Foreign Trade Financial and Tax Regulations Banking System and Regulations Foreign Exchange Taxes, Tariff and Custom Duties III. OTC DRUGS INDUSTRY ASSESSMENTS OTC Drugs Industry Structure Market Size Market Growth Drivers OTC Drugs Industry Capacity Major Producer Facility Locations, Output and Capacity Market Share of Key Producers Labor Cost Potential Entrants Major Distributors © Copyright 2010 AMID Co. i Contents Major Foreign Investments Technology Development IV. OTC DRUGS PRODUCTION AND DEMAND Overview Demand of OTC Drugs by Region Over-the-Counter (OTC) Drugs Production and Demand Cold Medicine Cough Medicine Pain Control Drugs Skin Preparations Vitamins and Supplements Digestives Drugs Antiseptics and Antibacterial Drugs Ophthalmic Preparations Other OTC Drugs OTC Drugs Imports and Exports Pricing Trends V. OTC DRUGS MARKET OUTLOOK OTC Drugs Markets Outlook Overview Government Regulations Health Care Insurance Industry Overview Consumer Spending Trends Demographic Trends Health Care Industry Trends Hospitals and Hospital Beds Physicians and Physician Visits VI. MARKETING STRATEGIES China Market Entry Overview China’s Distribution System OTC Drugs Distribution Channels Transportation and Freight Infrastructure Communications China’s Market Entry Export to China © Copyright 2010 AMID Co. ii Contents Indirect export Direct Export License and Contract Manufacture Assembling in China Contract Manufacturing Trade Permit Investment Equity Joint Venture Contractual Joint Venture Wholly Foreign-Owned Enterprise VII. OTC DRUGS PRODUCER DIRECTORY OTC Drugs Producer Profiles Distributors and Trading Companies Research Institutions and Associations © Copyright 2010 AMID Co. iii Contents LIST OF TABLES I. INTRODUCTION Economic Outlook Summary II. BUSINESS ENVIRONMENT Key Economic Indicators Industrial Output Population and Labor Force Trends Foreign Investment and Loans Foreign Trade III. OTC DRUGS INDUSTRY ASSESSMENTS OTC Drugs Industry Capacity Major Producer Facility Location Chinese OTC Drugs Manufacturers Number by Province Major OTC Drugs Producer Output and Capacity Market Share of Key Producers Major Foreign Investments in China IV. OTC DRUGS PRODUCTION AND DEMAND OTC Drugs Production and Demand Demand of OTC Drugs by Region in 2009 Cold Medicine Production and Demand Cough Medicine Production and Demand Cough Medicine Producers, Their Output and Market Share Pain Control Drugs Production and Demand Pain Control Drugs Producers, Their Output and Capacity Skin Preparations Production and Demand Skin Preparations Producers, Their Output and Capacity Vitamins and Supplements Production and Demand Vitamins and Supplements Producers, Their Output and Capacity Digestives Production and Demand Antiseptics and Antibacterial Production and Demand © Copyright 2010 AMID Co. iv Contents Antiseptics and Antibacterial Producers, Their Output and Capacity Ophthalmic Preparations Production and Demand Other OTC Drugs Production and Demand China OTC Drugs Imports China OTC Drugs Exports V. OTC DRUGS MARKET OUTLOOK Consumer Spending Trends Demographic Trends Health Care Industry Trends Hospitals and Hospital Beds Physicians and Physician Visits © Copyright 2010 AMID Co. v Contents LIST OF CHARTS I. INTRODUCTION Total OTC Drugs Output and Demand II. BUSINESS ENVIRONMENT China’s GDP and Growth Rate Industrial Output by Ownership China’s Imports and Exports III. OTC DRUGS INDUSTRY ASSESSMENTS OTC Drugs Capacity IV. OTC DRUGS PRODUCTION AND DEMAND Total OTC Drugs Output and Demand OTC Drugs Demand by Region in 2009 OTC Drugs Import and Export V. MARKETING STRATEGIES China’s Distribution Channel © Copyright 2010 AMID Co. vi Contents © Copyright 2010 AMID Co. vii CHAPTER I INTRODUCTION Report Scope and Methodology This report examines China's macroeconomic trends, investment environment, OTC drugs structure and capacities, production and demand, end-use market consumption trends, distribution channels and industry participants. Long-term forecasts for major OTC drugs production and demand are included. The report contains over 35 tables and 8 charts. Key OTC drugs producers and major OTC drugs end user are listed and profiled. Most primary and secondary research is done in China in order to access up-to-date market information and industry data. Data was collected from the telephone interview, Chinese government publications, Chinese official website, China’s official statistic organization, Chinese chemical online databases; Chinese OTC drugs industry associations, and OTC drugs industry publications. Interviews are conducted with Chinese OTC drugs experts, university professors, and OTC drugs producers in China. Historical data include 2004 and 2009. Long-term development trends are projected to the years 2014 and 2019. Economic models and quantitative methods are applied in this report to project market demand and industry trends. Metric system is used and values are presented in either Yuan (RMB, current price) © Copyright 2010 AMID Co. Page 1 Chapter I INTRODUCTION and/or US dollars. Exchange rate refers to the real- time exchange rate published by China Central Bank. The word "demand" is used interchangeably with "consumption". Totals may not add due to rounding. The following are the common multivariate statistical analysis that used in this report: 1. regression analysis, 2.factor analysis, 3. discriminate analysis, 4. conjoint analysis, 5. correspondent analysis. Executive Summary The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption and capital investment. Since its Opening-up and Reform, China becomes the 3rd economic entity in the world with GNP breaking RMB 30 trillion Yuan. In recent years, under the background of global economy recession, China remains an average growth rate around 8%, remaining one of the countries with the fastest economy growth. China's economy development has its unique characteristics. First of all, under the obvious slowdown of global economy, China realizes the rapid growth of economy by sticking to the policy of expanding domestic demand and firmly implementing proactive fiscal policy and moderate monetary policy. Secondly, economic structure adjustment obtains positive progress. The agriculture structure has been optimized and high quality and special farm products have been increased. High-tech industries such as information and biology industry have developed rapidly. The reconstruction of traditional industries and the capacity of eliminating backward production © Copyright 2010 AMID Co. Page 2 Chapter I INTRODUCTION have obtained comparatively great headway. Infrastructure construction has made remarkable achievement in completing a set of key projects including highway, railway, interstate road, key water control project and rural electricity network reconstruction. Western development is launched smoothly and import ant projects such as new railway lines connecting Guiyang and Guangzhou, Lanzhou and Chongqing, Kashgar and Hotan in Xinjiang; highways between Wanyuan and Dazhou in Sichuan Province, Shuikou and Duyun in Guizhou Province; airport expansion projects in Chengdu, Chongqing and Xi’an and transmission of electricity, gas and oil from the western to the eastern region has started. Thirdly, the quality and efficiency of economic growth have been further improved. Industrial enterprises output value increase constantly. With the great increase in the taxation, national fiscal revenue realized two digital growths. Fourthly, the foreign economic & trades have been further expanded. The total volume of import and export has broken US$1.966 trillion, of which export volume mounts to US$1.010 trillion and import volume mounts to US$0.956 billion, up 11.2% and 11.3% annually respectively in the last 5 years. Finally, the people's living standard is continuously improved. The per capita disposable income of residents in cities and towns actually increases by 14.6%. Social security expenditures have been greatly increased in the finance of central and local governments. The subsistence allowances for laid-off workers and basic pensions for retirees have been basically fully granted on time. The State lifts the level of pension of retirees and employees of public institutions and organs and increases the basic pension of retirees. The burden of farmers has been relieved by eliminating the agriculture tax which exist for thousands of years, improve the grain price greatly, speeding up the © Copyright 2010 AMID Co. Page 3 Chapter I INTRODUCTION reconstruction of rural electricity network and trimming the price of electricity. The markets of urban and rural areas have developed prosperously, and the living condition and transportation have been further improved. At present, Chinese economic development is at a crossroads, where its operating mechanism, growth style, development strategy, and existing structure all need changing and adjusting, and the backward of the economic structure is more and more remarkable. In order to keep the China’s economic development on speedy, healthy and sustainable track, government is advocating in several aspects: expanding and fostering domestic demand; speeding up the development of agriculture and rural economy, increasing income of farmers; vigorously promoting economy system structure readjustment and reform; adapt
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