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Economic impact of the pharmaceutical industry
- Categories:Alliance News
- Author:
- Origin:
- Time of issue:2021-11-18
- Views:
Economic impact of the pharmaceutical industry
- Categories:Alliance News
- Author:
- Origin:
- Time of issue:2021-11-18
- Views:
Medicine is an industry with high technology, high risk, high investment and high return. It has always been the focus of competition in developed countries. With the development of economic globalization, international competition is becoming increasingly fierce. In order to enhance their international competitiveness, multinational corporations establish a global production and sales network and expand their market share through large-scale alliances and mergers and international capital market operation. Multinational corporations have an increasing impact on the world economy, making the competitors in China's pharmaceutical industry unprecedentedly strong. The internationalization of the domestic market and stricter protection of intellectual property rights make the market competition more direct and life-threatening. The worldwide economic restructuring has made India and other developing countries strong competitors of China.
The rapid development of modern biotechnology.
The rapid development of modern biotechnology will have a revolutionary impact on the pharmaceutical industry, deepen the understanding of difficult diseases, the advent of many new biotechnology drugs, and transform traditional industries with biotechnology will greatly change the face of the pharmaceutical industry. Developed countries in the world use their advantages in capital, technology and market to implement monopoly. China's medicine will launch a new round of competition with developed countries in the field of biotechnology.
3. The upsurge of natural drugs is surging.
With the tide of returning to nature, the demand for natural drugs in the international market is increasing day by day. The sales of plant products in the world are nearly 30.q billion US dollars, of which the sales of natural drugs have reached 16 billion US dollars, increasing at an annual rate of 10%. Therefore, countries are competing to use modern technology to research and develop traditional medicine and seize the international natural drug market. This provides an opportunity for China's traditional Chinese medicine to explore the international market.
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