In China, pharmaceutical companies spent a total of 17.4 billion U.S. dollars on research and development (R&D) in 2018, showing an upward trend in recent years. With an estimated compound annual growth rate (CAGR) of 23 percent, the R&D spending by pharmaceutical companies was expected to reach almost 50 billion U.S. dollars by 2023.
R&D spending of pharmaceutical companies in China from 2014 to 2018 with estimates until 2023
(in billion U.S. dollars)
R&D spending by pharmaceutical companies also includes Chinese headquartered pharmaceutical companies in other countries and foreign companies who conduct R&D activities in China.
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EqualOcean. (July 12, 2020). R&D spending of pharmaceutical companies in China from 2014 to 2018 with estimates until 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1202079/china-randd-expenditure-of-pharmaceutical-companies/
EqualOcean. "R&D spending of pharmaceutical companies in China from 2014 to 2018 with estimates until 2023 (in billion U.S. dollars)." Chart. July 12, 2020. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1202079/china-randd-expenditure-of-pharmaceutical-companies/
EqualOcean. (2020). R&D spending of pharmaceutical companies in China from 2014 to 2018 with estimates until 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1202079/china-randd-expenditure-of-pharmaceutical-companies/
EqualOcean. "R&d Spending of Pharmaceutical Companies in China from 2014 to 2018 with Estimates until 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 12 Jul 2020, https://www.statista.com/statistics/1202079/china-randd-expenditure-of-pharmaceutical-companies/
EqualOcean, R&D spending of pharmaceutical companies in China from 2014 to 2018 with estimates until 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1202079/china-randd-expenditure-of-pharmaceutical-companies/ (last visited December 19, 2024)
R&D spending of pharmaceutical companies in China from 2014 to 2018 with estimates until 2023 (in billion U.S. dollars) [Graph], EqualOcean, July 12, 2020. [Online]. Available: https://www.statista.com/statistics/1202079/china-randd-expenditure-of-pharmaceutical-companies/
