Pharmaceutical R&D expenditure in China 2014-2023

Published by
Wenyi Zhang,
Jan 27, 2022
By the end of 2019, the pharmaceutical R&D spending in China was around 150 billion U.S. dollars. According to the forecast, the total R&D spending of the Chinese pharmaceutical industry would reach 342 billion U.S. dollars by 2023, showing a faster growth than the worldwide average.

Pharmaceutical R&D expenditure in China from 2014 to 2019 with estimates until 2023 (in billion U.S. dollars)

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Release date

July 2020

Region

China

Survey time period

2014 to 2019

Supplementary notes

* Estimate.

The number was calculated based on the close price of June 5, 2020 and the conversion rate on June 7, 2020.

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