China Generic Pharmaceuticals Market Size & Outlook
China generic pharmaceuticals market, 2018-2028 (US$M)
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China generic pharmaceuticals market highlights
- The China generic pharmaceuticals market generated a revenue of USD 16.1 million in 2020 and is expected to reach USD 33.0 million by 2028.
- The China market is expected to grow at a CAGR of 9.4% from 2021 to 2028.
- In terms of segment, simple generic was the largest revenue generating type in 2020.
- Biosimilars is the most lucrative type segment registering the fastest growth during the forecast period.
Generic pharmaceuticals market data book summary
| Market revenue in 2020 | USD 16.1 million |
| Market revenue in 2028 | USD 33.0 million |
| Growth rate | 9.4% (CAGR from 2020 to 2028) |
| Largest segment | Simple generic |
| Fastest growing segment | Biosimilars |
| Historical data | 2018 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Simple Generic, Specialty Generics, Biosimilars |
| Key market players worldwide | Teva Pharmaceutical Industries Ltd, Viatris Inc, Novartis AG ADR, Sun Pharmaceutical Industries, Lupin, AbbVie Inc, AstraZeneca PLC, Sawai Group Holdings Co Ltd, Hikma Pharmaceuticals PLC, Dr Reddy's Laboratories Ltd ADR, Cipla Ltd DR, Sanofi SA, Aurobindo Pharma, Endo Pharmaceuticals |
Other key industry trends
- In terms of revenue, China accounted for 5.2% of the global generic pharmaceuticals market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, Japan generic pharmaceuticals market is projected to lead the regional market in terms of revenue in 2028.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 42.4 million by 2028.
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Generic Pharmaceuticals Market Scope
Generic Pharmaceuticals Market Companies
| Name | Profile | # Employees | HQ | Website |
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China generic pharmaceuticals market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to generic pharmaceuticals market will help companies and investors design strategic landscapes.
Simple generic was the largest segment with a revenue share of 73.91% in 2020. Horizon Databook has segmented the China generic pharmaceuticals market based on simple generic, specialty generics, biosimilars covering the revenue growth of each sub-segment from 2018 to 2028.
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Target buyers of China generic pharmaceuticals market databook
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Our clientele includes a mix of generic pharmaceuticals market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China generic pharmaceuticals market , including forecasts for subscribers. This country databook contains high-level insights into China generic pharmaceuticals market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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China generic pharmaceuticals market size, by type, 2018-2028 (US$M)
China Generic Pharmaceuticals Market Outlook Share, 2020 & 2028 (US$M)
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