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China's drug market will reach 1.71 trillion yuan
Source:南方日报 | Author:pro954f45 | Published time: 2018-08-17 | 1266 Views | Share:

     Drug retailing has also been affected by the vaccine incident
     In 2017, China's pharmaceutical market (excluding retail medicines) totaled 1.580 trillion yuan, up 6.0% from 2016. With a compound five-year growth rate of 7.5%, urban grassroots and retail pharmacies grew slightly faster than large hospitals. Drug prices are under downward pressure due to the full implementation of zero margin and the impact of medicare price negotiations.
     The operating environment is more severe. According to the comprehensive competitiveness research of Zhongkang Information, in 2017, the rental cost of top 100 chains increased by 10.7% compared with the previous year, and the labor cost increased by 16.9%, but the gross margin and net margin were lower than the operating level in 2012.
    At the meeting, Xie Zilong, chairman of The Pharmacy chain, said, "The pharmaceutical industry is facing changes due to the reform of the national drug regulatory department, the intensified competition in the industry and the inflow of capital."