Roadmap to Drug Approval Process in Chinese Market
Due to the increasing demand for high-quality healthcare, China has emerged as a major market for pharmaceutical products and is now one of the world’s leading manufacturers of pharmaceuticals . The market is ambitious and places emphasis on innovation and domestic research and development. By 2024, the Chinese pharmaceutical market exceeded USD 80 billion in revenue, making it the second largest in the world after the United States. The pharmaceutical manufacturing segment alone is projected to reach USD 183 billion by 2025. To get approval for any new medication to be launched into the Chinese market, one must understand the complexities of the drug approval process. What Types of Drugs Are Approved in the Chinese Market? Innovative Medications : Includes biopharmaceuticals , gene and cell therapies, as well as rare disease treatments. These treatments are created using the latest findings in immunology, genetics, and biotechnology. Generic Drugs : Since there is a ...