China could be the world's second largest drug market, after the United States, by 2015, according to IMS Health data.
Market Size in 2011: $63.9 billion
Population: 1.3 billion
Industry Makeup: Very diverse with more than 3,000 local manufacturers, major multinationals and traditional medicine.
Branded vs. Generic: Generics represented about 64 percent of the market by value, with over-the-counter drugs representing about 26 percent.
Distribution: Regional market distribution system utilizing many different distributors.
Main Customers: Hospitals (56 percent), pharmacies (24 percent), local health centers (20 percent)
Sources: IMS Health, PharmaVentures, Espicom