Pharmaceutical companies in China must enhance production efficiency and cost competitiveness to address the pressures from national healthcare budget controls, volume-based procurement policies, the expansion of generic drug markets, and growing domestic demand for accessible medicines.
In 2023, China's pharmaceutical market size reached approximately RMB 1.8 trillion (about USD 250 billion), maintaining steady growth driven by policy reforms and an aging population.
Challenges:
Share R&D investments to foster collaborative innovation and reduce redundancies.
Modernize production facilities through automation and smart manufacturing upgrades.
Requalify upgraded production sites in accordance with updated national GMP and regulatory standards.
Develop flexible and scalable production methods to support future personalized and precision therapies.