The Rising Influence of Rising Affluence

[DewDiligence]

What’s up with Big Pharma in China?

http://www.caixinglobal.com/2017-01-05/101040883.html

The world’s biggest drugmakers are racing to get in on the world’s fastest-growing health-care market. China's demand for pharmaceuticals has climbed by more than 10% annually over the past several years as the global market slowed. By 2020, China will overtake the U.S. as the largest pharmaceutical market on the planet, accounting for 7.5% of global sales, according to the consulting company IMS Health.

IMS is presumably saying that China will overtake the US in unit volume by 2020; clearly, it won’t come close to overtaking the US in sales dollars.

See the chart in #msg-113782571 for related info.