GMR Data forecasts that China's medical devices market will reach $218.2 billion in 2030, up from $92.8 billion in 2020, as Chinese pharmaceutical markets continue their growth trajectory.
GMR Data forecasts that China's medical devices market will reach $218.2 billion in 2030, up from $92.8 billion in 2020, as Chinese pharmaceutical markets continue their growth trajectory.
Simeon Pinder on March 9, 2020
Every news service globally is focused on COVID-19 (the “coronavirus”) and how it will affect the global population, but what of the Chinese health system itself? How does this sector operate during “normal” times? What will drive and restrain Chinese health markets?
These are some of the questions we have been looking at over the past 6 months.
The global skincare market is fast growing and expansive, ranging from cosmetic products, to over-the-counter drugs, to prescription drugs. The global dermatology market (OTC and prescription) is vast and evolving quickly with forecasts that indicate a global market of €81.9 billion in 2028, growing significantly from €44.1 billion in 2018. The cosmetic skincare market size was valued at €130 billion in 2016.
Simeon Pinder on March 12, 2018
According to a new report from Irish research company GMR Data, the global healthcare packaging market will grow to $262bn by 2028, rising from $117.2bn across 2018.
Simeon Pinder on November 29, 2016
In a recent GMR Data report, figures indicate that revenues for the dermatology drug market will reach $83.2 billion in 2026 from a base of $31.6 billion in 2016.
The largest dermatology drug markets in 2016 include areas such as acne, worth $3.89 billion globally, skin infections ($6.59 billion), and skin cancer ($5.06 billion).
Robust sales in western markets, entrance of new drugs into emerging markets, and increasing prevalence of skin conditions are all driving the global forecast for the next decade.
The Chinese economy has grown substantially from a GDP of $1,931 billion in 2004 to reach $10,355 billion across 2014, a 10-year CAGR of 10.3%. Many analysts forecast that Chinese GDP will surpass US GDP, currently the globe's largest, by 2020; some forecast even sooner. This rise in GDP has been mirrored across many sectors in China, with increased levels of spending in public infrastructure, manufacturing, healthcare and many, many other domestic industries.
Simeon Pinder on February 19, 2015
The global smoking cessation market is going from strength to strength, globally, with ever increasing products coming to the market both prescription and over-the-counter (OTC). Most notable are the range of Vaping (e-cigarettes/smokeless cigarettes) products, a market which was estimated to be worth over $3 billion across both 2013 and 2014. So, where has this market come from?
