More than Just Generics: International Partnerships Make China the Biologics Hotspot

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The reports ends by stating that in 5 years’ time, the Chinese pharma market will look very different, with generics and APIs still being exported in huge numbers, but alongside this, there will also be a well-established biologics and research industry, with multinational CMOs. In fact, it is likely that in as little as 5-10 years’ time, there will be Chinese patented NCEs – which have been researched, clinical trial manufactured, and distributed by Chinese companies – specifically developed for local patient cohorts.

Another area international pharma is increasingly looking to invest in, is traditional Chinese medicines (TCMs), with 79% of companies seeking to enter this market in the next few years. The consensus amongst international pharma and generic companies is that “if you can’t beat them, join them”, as clearly, there remains an overwhelming growth opportunity to be harnessed.

Short Term and Long Terms Perspectives for Big Pharma

Overall, confidence in the short-term growth remains extremely high, with 25% of domestic companies believing China will soon be the world’s top biopharma innovator. Emphasising this shift, 41% believe future biologic sales will be predominantly led by international exports.

The majority of foreign companies are forecasting explosive growth in China as the country’s healthcare system evolves over the next 5-years. Not only do 60% of foreign organisations, who are already present in the market, project their sales will grow by more than 25%, 15% are even predicting a staggering growth of 200% or greater over the next 5-years. Similarly, over 70% of Chinese firms are either ‘confident’ or ‘extremely confident’ in the sustained buoyancy of the Chinese market and 65% of Chinese firms expect growth of around 20% in the next year alone. A further 26% anticipate growth at 20-40%, with 8% expecting to double in size. This suggests that despite a recent, relative slow-down in the overall Chinese economy, the pharma sector remains extremely buoyant.

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