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Retail sales of pharmaceuticals in China by month 2018-2019
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Retail sales of pharmaceuticals in China by month 2018-2019
Retail trade revenue of traditional Chinese and western medicine in China from June 2018 to June 2019 (in billion yuan)
by Statista Research Department,
last edited
Aug 13, 2019
The graph shows the retail trade revenue of traditional Chinese and western pharmaceuticals in China from June 2018 to June 2019. In June 2019, traditional Chinese and western medicine retail sales in China had amounted to about 51 billion yuan.
Pharmaceuticals retail in China– additional information
China is one of the largest and fastest growing pharmaceutical markets in the world. As of 2013, China was the world’s third-largest pharmaceutical market, following the United States and Japan with a market share of nearly nine percent in global pharmaceutical sales. In 2013, China’s pharmaceutical market had increased by 14 percent compared to the previous year. That year, the production value of China’s pharmaceutical industry had amounted to over two trillion yuan, up 18 percent year-on-year. Major reasons for the market expansion in China may be seen in a rising health awareness, increasing standards of living fueled by economic growth as well as a growing need for medical care due to the aging population.
In spite of its rapid growth, the pharmaceutical market in China is far from mature. By 2016, the pharmaceutical spend per capita in China was estimated to reach 121 U.S. dollars. For comparison, the expected pharmaceutical spend in the United States had averaged out to 892 U.S. dollars and 180 U.S. dollars in Brazil.
With a history of over two thousand years and despite claims of the field being antiquated, traditional Chinese medicine still has a place in today’s world. It took up about one fifth of China’s total pharmaceutical market in 2011 and is widely used as an alternative treatment approach in other parts of the world.
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by Statista Research Department,
last edited
Aug 13, 2019
The graph shows the retail trade revenue of traditional Chinese and western pharmaceuticals in China from June 2018 to June 2019. In June 2019, traditional Chinese and western medicine retail sales in China had amounted to about 51 billion yuan.
Pharmaceuticals retail in China– additional information
China is one of the largest and fastest growing pharmaceutical markets in the world. As of 2013, China was the world’s third-largest pharmaceutical market, following the United States and Japan with a market share of nearly nine percent in global pharmaceutical sales. In 2013, China’s pharmaceutical market had increased by 14 percent compared to the previous year. That year, the production value of China’s pharmaceutical industry had amounted to over two trillion yuan, up 18 percent year-on-year. Major reasons for the market expansion in China may be seen in a rising health awareness, increasing standards of living fueled by economic growth as well as a growing need for medical care due to the aging population.
In spite of its rapid growth, the pharmaceutical market in China is far from mature. By 2016, the pharmaceutical spend per capita in China was estimated to reach 121 U.S. dollars. For comparison, the expected pharmaceutical spend in the United States had averaged out to 892 U.S. dollars and 180 U.S. dollars in Brazil.
With a history of over two thousand years and despite claims of the field being antiquated, traditional Chinese medicine still has a place in today’s world. It took up about one fifth of China’s total pharmaceutical market in 2011 and is widely used as an alternative treatment approach in other parts of the world.
- Show sources information
- Show publisher information
- Release date
- August 2019
- Region
- China
- Survey time period
- June 2018 to June 2019
- Supplementary notes
-
* According to the source, figures for January and February have been grouped together to curb the influence of the Chinese New Year on the statistic. Chinese New Year falls between January 21 and February 21.
Note: 1 yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of August 2019).
According to the source, retail sales refer to the trade revenue of tangible goods not intended for business use traded from wholesale and retail companies to individuals or non producing social organizations. Figures include total revenues of the food and beverage service industry.
During the survey, only wholesale companies with an annual revenue of 20 million yuan and above as well as retail companies with an annual revenue of five million yuan were questioned.
Source
- Show sources information
- Show publisher information
- Release date
- August 2019
More information
- Region
- China
- Survey time period
- June 2018 to June 2019
- Supplementary notes
-
* According to the source, figures for January and February have been grouped together to curb the influence of the Chinese New Year on the statistic. Chinese New Year falls between January 21 and February 21.
Note: 1 yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of August 2019).
According to the source, retail sales refer to the trade revenue of tangible goods not intended for business use traded from wholesale and retail companies to individuals or non producing social organizations. Figures include total revenues of the food and beverage service industry.
During the survey, only wholesale companies with an annual revenue of 20 million yuan and above as well as retail companies with an annual revenue of five million yuan were questioned.
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