The sluggish world economy and ongoing health care reform policy impacted the development of China's pharmaceutical industry in 2009. As we look ahead, 2010 will see the continuation of the reform measures, as well as other developments and trends in the sector in the context of a recovering global economy. The pharmaceutical industry will likely grow faster in 2010 given that China's pharmaceutical exports are picking up and the deepening health care reform is generating more market opportunities. Figures from the State Food and Drug Administration's (SFDA) Southern Medicine Economic Research Institute (SMERI) showed that medical insurance funds will be raised by RMB 400 billion ($58.57 billion) in 2010 which may lead to the expansion of the domestic drug market by RMB 200 billion ($29.28 billion). According to the SMERI, the production value of China's pharmaceutical industry will grow 23 percent year-on-year in 2010. International pharmaceutical consultancy IMS Health Inc. estimates put China as the world's third largest pharmaceutical market by 2010.
In 2018, China is the first biotechnology market in the world, with emergence of 100 of Chinese biotech companies extremely active and efficient providing disruptive technologies in Precision Medicine, Genomic, eMedicine …
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» In such a market growth, Life Sciences industry’ recruitment needs will confirm the trend of a candidate driven market.
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