Key economic figures on the pharmaceutical industry China 2017-2022
In 2022, the pharmaceutical industry in China generated total revenue of over 3.36 trillion yuan, representing a year-on-year growth of 0.5 percent. Pharmaceutical preparations manufacturing and Chinese patent drug manufacturing are the biggest pharmaceutical segments in the country, while the significant sales of COVID-19 vaccines and the high profitability of traditional Chinese medicine products also contributed to the sector's substantial growth in 2021.
