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Article: OTC DRUG PARKET PROSPERS
- Article from:
- AsiaInfo Services
- Article date:
- June 25, 2001
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Copyright informationProvided by ProQuest LLC. (Hide copyright information)
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AsiaInfo Services
06-25-2001
OTC Drug Parket Prospers
CHINA, Jun 25, 2001 (AsiaPort via COMTEX) -- Backed by favourable government policies and enormous potential consumption, the market for over-the-counter (OTC) drugs is swelling rapidly in China.
"The country represents the fastest-growing OTC drug market in the world and is expected to be the largest market in the near future," said Hu Shengyu, vice-chairman of the China OTC Association.
The sales income of OTC medicine is expected to reach 60 billion yuan (US$7.3 billion) in 2005, five times the 12 billion yuan (US$1.5 billion) take last year.
Experts predict the market will expand by up to 30 per cent each year for the next five years.
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