DOCSLIB.ORG

China Pharmaceutical Distribution Industry Report, 2019-2025

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
China Pharmaceutical Distribution Industry Report, 2019-2025 China Pharmaceutical Distribution Industry Report, 2019-2025 June 2019 STUDY GOAL AND OBJECTIVES METHODOLOGY This report provides the industry executives with strategically signifisignificantcant Both primary and secondary research methodologies were used competitor information, analysis, insight and projection on the in preparing this study. Initially, a comprehensive and exhaustive competitive pattern and key companies in the industry, crucial to the search of the literature on this industry was conducted. These development and implementation of effective business, marketing and sources included related books and journals, trade literature, R&D programs. marketing literature, other product/promotional literature, annual reports, security analyst reports, and other publications. REPORT OBJECTIVES Subsequently, telephone interviews or email correspondence TtblihTo establish a compre hiftlhensive, factual, annua lldtddtlly updated and cost- was conducted with marketing executives etc. Other sources effective information base on market size, competition patterns, included related magazines, academics, and consulting market segments, goals and strategies of the leading players in the companies. market, reviews and forecasts. To assist potential market entrants in evaluating prospective INFORMATION SOURCES acquisition and joint venture candidates. The primary information sources include Company Reports, To complement the organizations’ internal competitor information and National Bureau of Statistics of China etc. gathering efforts with strategic analysis, data interpretation and insight. To suggest for concerned investors in line with the current development of this industry as well as the development tendency . To help company to succeed in a competitive market, and Copyright 2012 ResearchInChina understand the size and growth rate of any opportunity. Room 801, B1, Changyuan Tiandi Building, No. 18, Suzhou Street, Haidian District, Beijing, China 100080 Phone: +86 10 82600828 ● Fax: +86 10 82601570 ● www.researchinchina.com ● [email protected] Abstract China’s pharmaceutical distribution industry has sustained steady growth over the years. In 2018, the market was worth RMB2,194.5 billion, a 9.6% rise from RMB2,001.6 billion (up by 8.4% YoY) in 2017, of which drug retailing market size ranged at RMB437.7 billion in 2018, compared with RMB400.3 billion (up by 9% YoY) in 2017. By product, western medicine is prevailing in Chinese pharmaceutical distribution market, sweeping 73.2% of total sales in 2018; by region, the east and the central south of China take larger shares, a combined 62.1% in 2018. In China, a competitive pattern has taken shape that national drug distributors led by Sinopharm, China Resources Pharmaceutical Group, Shanghai Pharmaceuticals and Jointown Pharmaceutical Group, and regional distribution companies such as Nanjing Pharmaceutical, Guangzhou Pharmaceuticals, Chongqing Pharmaceutical, Huadong Medicine, Sichuan Kelun Pharmaceutical, Zhejiang Int’l Group, Realcan Pharmaceutical, Guangzhou Liuzhou Pharmaceutical and Luyan Phapma, compete with each other. By the end of 2018, there had been 13,146 drug wholesalers comppgeting fiercely in China, showing a low market concentration. In 2018, the top 100 by operating revenue commanded 70.7% of China’s pharmaceuticals market, and the first four leaders occupied 37.6%. By the end of 2018, there had been 5,985 drugstore chains in possession of 463,200 retail stores in China, of which 242,560 were chain stores, taking up 52.4% of the total, up by 2 percentage points on an annualized basis; 88.3% of stores were directly run by retailers themselves; 72% were designated medical insurance stores. In China, leading drug retail chains include Yunnan Hongxiang Yixintang Pharmaceutical Co., Ltd., Dashenlin Pharmaceutical Group Co., Ltd., LBX Pharmacy, Yifeng Pharmacy, Sinopharm, China Nepstar Chain Drugstore, Gansu Zhongyou Health Medicine Co., Ltd., Suzhou Quanyi Health Drugstore Chain Co., Ltd., Chongqing Tong Jun Ge Co., Ltd. and Yunnan Jianzhijia Health Drugstore Chain Co., Ltd., among which Chongqing Tong Jun Ge Co., Ltd. has 10,575 drugstores, the most among all retail chains, and Yunnan Hongxiang Yixintang Pharmaceutical Co., Ltd. boasts the largest number of direct-sale stores, numbering 5,758, all of which are directly operated by the company. Copyright 2012ResearchInChina Room 801, B1, Changyuan Tiandi Building, No. 18, Suzhou Street, Haidian District, Beijing, China 100080 Phone: +86 10 82600828 ● Fax: +86 10 82601570 ● www.researchinchina.com ● [email protected] Copyright 2012ResearchInChina Room 801, B1, Changyuan Tiandi Building, No. 18, Suzhou Street, Haidian District, Beijing, China 100080 Phone: +86 10 82600828 ● Fax: +86 10 82601570 ● www.researchinchina.com ● [email protected] The immense potential of pharmaceutical distribution industry has attracted the inrush of capital in recent years, and mergers and acqqqyyp,gpgggguisitions occurred frequently. Boosted by capital, drug circulation companies are gearing from traditional endogenous growth by adding more products, new stores and developing customers to extensive development by M&A and restructuring. The industry is becoming increasingly concentrated. China Pharmaceutical Distribution Industry Report, 2019-2025 highlights the following: China ppy(pqppharmaceutical distribution industry (development environment, status quo, market size, market structure, competitive pattern and development trends); China drug retailing market (market size, gross margin and net margin, quantity, share of medical insurance designated stores, per customer transaction, and comparison of operating results between major drug retailers); 20 Chinese pharmaceutical distribution companies (operation, revenue structure, gross margin, development strategy, etc.). Copyright 2012ResearchInChina Room 801, B1, Changyuan Tiandi Building, No. 18, Suzhou Street, Haidian District, Beijing, China 100080 Phone: +86 10 82600828 ● Fax: +86 10 82601570 ● www.researchinchina.com ● [email protected] Table of contents 1. Overview of Pharmaceutical Distribution Industry 2.6.8 Wholesale-retail Integration Spurs Industry Consolidation 1.1 Definition 2.6.9 Outflow of Prescriptions is a Boon for the Industry 1.2 Industry Chain 2.6.10 Single Drugstores are Being Edged out by Drugstore Chains 1.3 Strength and Weakness of Pharmaceutical Chain Enterprises Which are Gaining Ground 1.3.1 Strength of Pharmaceutical Chain Enterprises 1.3.2 Weakness of Pharmaceutical Chain Enterprises 3 Chinese Drug Retail Market 31MarketSize3.1 Market Size 2. Pharmaceutical Distribution Industry in China 3.2 Gross Margin and Net Margin 2.1 Development Environment 3.3 Quantity 2.1.1 Policy 3.3.1 Top100 Pharmacy Chains 2.1.2 Economy 3.3.2 Online Pharmacy 213M2.1.3 Me dica lIl Ins tittititution 333I3.3.3 In depen den tPht Pharmacy 2.1.4 Health Expenditure 3.3.4 Shares of New Stores and Those Shut down 2.1.5 Aging 3.4 Share of Medical Insurance Designated Stores 2.1.6 Per Capita Disposable Income 3.5 Per Customer Transaction 2.2 Status Quo 3.6 Comparison of Operating Results between Major Drug Retailers 2.3 Market Size 2.4 Market Structure 4. Major Enterprises 2.5 Competitive Landscape 4.1 China National Accord Medicines Corporation Ltd. 2.6 Development Trends 4.1.1 Profile 261PharmaceuticalE2.6.1 Pharmaceutical E-commerce Becomes an Important Model 412Operation4.1.2 Operation 2.6.2 Operating Efficiency and Service Functions Gets Improved Constantly 4.1.3 Revenue Structure 2.6.3 Capital Market Plays a Bigger Role in Integration of Enterprises 4.1.4 Major Customers 2.6.4 Pharmaceutical Supply-chain Management Services Are Upgraded Rapidly 4.1.5 Pharmaceutical Distribution Business 2.6.5 Cross-border Integration of Pharmaceuticals and E-commerce Continues 4.1.6 Development Strategy 266F2.6.6 Favora ble Po liilicies Ma ke the Mar ke tMt More Concen tra te d 42N4.2 Nan jing Pharmaceu tica lCl Co., Ltd. 2.6.7 Growing Trend towards Regionalization 4.2.1 Profile Room 801, B1, Changyuan Tiandi Building, No. 18, Suzhou Street, Haidian District, Beijing, China 100080 Phone: +86 10 82600828 ● Fax: +86 10 82601570 ● www.researchinchina.com ● [email protected] Table of contents 4.2.2 Operation 4.6.5 Major Customers 4.2.3 Revenue Structure 4.6.6 Development Strategy 424G4.2.4 Gross Marg in 4.7 Jointown Pharmaceutical Group Co., Ltd. 4.2.5 Development Strategy 4.7.1 Profile 4.3 Shanghai No.1 Pharmacy Co., Ltd. 4.7.2 Operation 4.3.1 Profile 4.7.3 Revenue Structure 4.3.2 Operation 4. 7. 4 Gross Margin 4.3.3 Revenue Structure 4.7.5 Major Customers 4.3.4 Gross Margin 4.7.6 Development Strategy 4.3.5 Development Strategy 4.8 Realcan Pharmaceutical Co., Ltd. 4.4 China National Medicines Corporation Ltd. 4.8.1 Profile 441Profile4.4.1 Profile 482O4.8.2 Opera tion 4.4.2 Operation 4.8.3 Revenue Structure 4.4.3 Revenue Structure 4.8.4 Gross Margin 4.4.4 Gross Margin 4.8.5 Development Strategy 4.4.5 Development Strategy 4.9 Shanghai Pharmaceuticals Holding Co., Ltd. 454.5 HdHuadong MdiiMedicine Co., Ltd. 4.9.1 Profile 4.5.1 Profile 4.9.2 Operation 4.5.2 Operation 4.9.3 Revenue Structure 4.5.3 Revenue Structure 4.9.4 Gross Margin 4.5.4 Gross Margin 4. 9. 5 Development Strategy 4.5.5 Major Customers 4.10 Zhejiang Int'l Group Co., Ltd. 4.5.6 Development Strategy 4.10.1 Profile 4.6 Cachet Pharmaceutical Co., Ltd. 4.10.2 Operation 4.6.1 Profile 4.10.3 Revenue Structure 4.6.2 Operation 4104G4.10.4 Gross MiMargin 4.6.3 Revenue Structure 4.10.5 Development Strategy 4.6.4 Gross Margin Room 801, B1, Changyuan Tiandi Building, No. 18, Suzhou Street, Haidian District, Beijing, China 100080 Phone: +86 10 82600828 ● Fax: +86 10 82601570 ● www.researchinchina.com ● [email protected] Table of contents 4.11 Zhejiang Zhenyuan Share Co., Ltd. 4.15.4 Gross Margin 4.11.1 Profile 4.15.5 Development Strategy 4112O4.11.2 Opera tion 4164.16 DShLiDaShenLin Pharmaceu tica l Group Co., Ltd. 4.11.3 Revenue Structure 4.16.1 Profile 4.11.4 Gross Margin 4.16.2 Operation 4.11.5 Development Strategy 4.16.3 Revenue Structure 4.12 China Meheco Co., Ltd.
Load more

Recommended publications
  • Inside This Issue
    1 December 23, 2014 – Issue 122 INSIDE THIS ISSUE China Green Food Expo to be Held in Nanchang China Green Food Expo to be The seventh China Green Food Expo is to be held in Nanchang, Held in Nanchang Jiangxi province. Companies from more than 30 provinces will attend the Expo with thousands of attendees to the event. Jan-Oct China Health Insurance The event is co-held by Ministry of Commerce and Jiangxi local Premium Exceeded CNY 130bn government. CFDA: Cosmeceuticals Should not The Expo tends to promote the economic rise of middle area of Promote Itself as Medicines the country and the opening-up of Jiangxi province. The event will include the food expo and a cooperation seminar joined by Shi Jiazhuang to Crack Down on state-run companies with local food providers and vendors. Illegal Health Food and Cosmetics The Expo mainly features low-carbon industry and green food. It will cover six indoor exhibiting rooms with food companies from Amorepacific Taps Surging more than 30 provinces. Overseas vendors from Australia, Demand for Midrange Beauty America, Russia and Thailand will also bring food to the local Products consumers who will attend the expo. （Source: Food Safety Daily) China Nepstar: A Bitter Pill For Investors Jan-Oct China Health Insurance Premium Exceeded CNY 130bn Herbal Berberine Boosts Brown Fat Activity Premium income of health insurance exceeded CNY 136.656 billion in the first 10 months of this year, growing 45.25% year on year, according to China Insurance Regulatory Commission. Premium income of life insurance companies grew 19.36% year on year.
    [Show full text]
  • China Digest
    China Digest China by numbers Round-up of business news, current issues, • 13,548 meters - combined height of and M&A analysis skyscrapers built in China in 2014 • 3 – number of world’s 10 tallest buildings Q1 2015 built in Wuxi city in 2014 • 7% - share of global freshwater in China In the news … (vs. 20% of world population) • 7 - of China’s ten most polluted cities are Subsidies cut for non-electric vehicles [Auto] in Hebei province The Ministry of Finance reports it is to reduce subsidies for traditional vehicles in • 30,000 - number of TV drama episodes an effort to boost the country’s renewable energy vehicle market. A program to build made in China annually charging infrastructure will also be accelerated. Aside from helping reduce urban pollution levels, the subsidy cut could encourage take-up of electric and hybrid • 14 - number of countries bordering China vehicles and boost domestic manufacturers such as BYD. (Caixin) • 648 million - China's online population • 280 million - number of people in China Growth of China O&G consumption to slow in 2015 [Energy] without safe drinking water China’s oil & gas consumption is expected to see slower growth this year, with falling • $1,831 - President Xi Jinping’s monthly global crude prices providing an opportunity for more energy sector reforms, salary according to the Economic and Technology Research Institute of the country’s • $1.2billion - annual US drug exports to largest O&G producer, China National Petroleum Corp. Chinese oil demand will China grow 3% year-on-year to 534 million metric tons in 2015, compared to growth of • $119.6 billion - China's actual use of 3.3% (to 516 million tons) in 2014, it said.
    [Show full text]
  • China Nepstar Chain Drugstore Ltd
    +44 20 8123 2220 [email protected] China Nepstar Chain Drugstore Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis https://marketpublishers.com/r/CCAE3DA5C6BBEN.html Date: September 2021 Pages: 50 Price: US$ 499.00 (Single User License) ID: CCAE3DA5C6BBEN Abstracts China Nepstar Chain Drugstore Ltd. Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between China Nepstar Chain Drugstore Ltd. and its competitors. This provides our Clients with a clear understanding of China Nepstar Chain Drugstore Ltd. position in the Retail Industry. The report contains detailed information about China Nepstar Chain Drugstore Ltd. that gives an unrivalled in-depth knowledge about internal business- environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history. Another part of the report is a SWOT-analysis carried out for China Nepstar Chain Drugstore Ltd.. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it. The China Nepstar Chain Drugstore Ltd. financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios China Nepstar Chain Drugstore Ltd.
    [Show full text]
  • Annual Report 2017
    ANNUAL REPORT 2017 (Incorporated in Hong Kong with limited liability) (Stock Code : 00656) PROFIT ATTRIBUTABLE TO OWNERS OF THE PARENT RMB13,161.3 million Intelligence in Action 2017 marked the 25th anniversary of Fosun and our strongest financial year ever. Over these years, being a global company with Chinese roots, we are well-prepared for future opportunities with our strong industrial operations. We are dedicated to pursuing our strategy of “Centered around Family, Deeply Rooted in China, Innovating a Global Happiness Ecosystem”. We have hired some of the very best global talent to execute our customer-to-maker (C2M) strategy. We are fully confident that through Fosun’s core operations, innovative technologies and ONE Fosun ecosystem spanning over 35 million families, our C2M strategy will further advance and create value for our customers. In addition, through our newly launched Youle Customer Loyalty Program (“youlè”), Fosun aims at linking its products and services in our health, happiness and wealth ecosystems to create one-stop solutions for 1 billion families around the world. “A journey of a thousand miles begins with a single step”. In the past 25 years, Fosun has continued to be bold yet humble, building its success with stability and consistency. Looking ahead, we must continue to pursue our C2M strategy, focus on core operations, and develop our pioneering technology and innovation platform so we can become not just a global company with Chinese roots, but a global operator of world-class products and services. Furthermore, Fosun’s senior management and global partners* will step up their efforts to carry out more philanthropic works, with a view to doing more practical and effective initiatives to achieve our mission of helping our family customers live in a healthier, happier and wealthier life.
    [Show full text]
  • Sinopharm Group: 2H14 NDR Takeaways: Margin Expansion To
    Sinopharm Group | March 25, 2015 MORGAN STANLEY RESEARCH March 25, 2015 MORGAN STANLEY ASIA LIMITED+ Yolanda Hu Sinopharm Group [email protected] +852 2848-5649 Bin Li 2H14 NDR Takeaways: Margin Expansion [email protected] +852 2239-7596 Isabella Zhao to Continue [email protected] +852 2848-5887 Industry View Stock Rating Price Target Attractive Overweight HK$34.00 Sinopharm Group ( 1099.HK , 1099 HK ) China Healthcare / China Stock Rating Overweight Sinopharm’s solid sales growth and operating leverage are likely to Industry View Attractive continue in 2015, despite the uncertain policy outlook for the Price target HK$34.00 Up/downside to price target (%) 15 Healthcare industry. We find the stock attractive at 18x our revised Shr price, close (Mar 24, 2015) HK$29.50 2015e EPS. Reiterate OW. 52-Week Range HK$34.50-19.72 Sh out, dil, curr (mn) 2,568 Healthy 2015 sales outlook: Given decelerating GDP growth expected in Mkt cap, curr (mn) Rmb60,695 EV, curr (mn) Rmb78,243 2015, mgmt looks for growth of the end-user market to slow to 12%, and for Avg daily trading value (mn) HK$133 the distribution industry to grow 14-15%. Management remains confident about achieving its sales target of 3-5% above the market average. Fiscal Year Ending 12/14 12/15e 12/16e 12/17e ModelWare EPS (Rmb) 1.11 1.32 1.51 1.70 Margin improvement to continue in 2015, ... This is the first quarter that Prior ModelWare EPS 1.10 1.29 1.44 1.58 (Rmb) Sinopharm has recorded faster profit growth than sales growth, mainly due to: Consensus EPS (Rmb)§ 1.10 1.30 1.55 1.50 1) internal integration; 2) economies of scale; 3) optimizing customer mix Revenue, net (Rmb 200,131 235,469 272,701 313,245 (more direct sales to hospitals), and 4) more focus on the quality of growth.
    [Show full text]
  • Company Report Hong Kong Equity Research
    Wednesday, October 15, 2014 China Merchants Securities (HK) Company Report Hong Kong Equity Research Jintian Pharma Group (2211 HK) Jonathan HSU Marley Ngan 852-31896135 852-31896635 Value of strong branding and platform; initiate with BUY [email protected] [email protected] ■ Leading private pharma retail & distribution group in NE China ■ A Licensed Brand Manager (LBM) creating a high-GM multi-brand sales platform and implementing a streamlined Direct Supply Initiation system. Entry barrier is further established with channel and CRM. ■ Significant re-rating potential for this single-digit-PER stock with BUY 30% EPS CAGR FY13-16E. BUY-rated with 101% upside to 12-m TP. Previous NA Unique business model in a unique market Price HK$2.83 Jintian adopts a unique LBM plus Direct Supply business model on its 12-month Target Price HK$5.68 (+101%) fast-expanding networks of retail (mainly based in NE China) and national (Potential upside) distribution. Positioned as a multi-brand sales platform operator, Jintian Previous NA license-in third-party brands and directly supplies to retailers/distributors from manufacturers. It further offers value-adds: brand/channel/customer Price Performance relationship management. Its Direct Supply model not only integrates (%) margins by cutting traditional intermediaries, but also lowers upstream 40 2211 HSI Index raw material costs by leveraginig collective bargaining power given Jintian’s control over downstream order quantity and pricing. 20 Multiple catalysts drive long-term profitable growth 0 Management is targeting 30% net profit growth for both FY14E and -20 FY15E on 1) increase in number of directly-owned retail pharmacies via -40 acquisition and self-build, 2) expanding national distribution network, 3) Dec/13 Apr/14 Jul/14 expanding high-margin product portfolio by carrying more branded products with exclusive distribution rights and LBM, 4) emerging new e- Source: Bigdata commerce platform and O2O business.
    [Show full text]
  • Sinopharm Group Co Ltd PERFORM 12-18 Mo
    EQUITY RESEARCH INITIATION OF COVERAGE November 15, 2012 CHINA/HEALTHCARE Stock Rating: Sinopharm Group Co Ltd PERFORM 12-18 mo. Price Target NA Dominant Leader in a Growing/Consolidating 1099.HK - HKSE HK$24.90 Industry; Initiating with Perform 3-5 Yr. EPS Gr. Rate 21% SUMMARY 52-Wk Range HK$27.45-HK$16.76 We are initiating coverage of Sinopharm (1099.HK) with a Perform rating. China's Shares Outstanding 2,403.0M pharma distribution is growing rapidly and consolidating gradually from a competitive Float 828.0M to an oligopolistic industry. Sinopharm, China's largest pharmaceutical distributor, Market Capitalization HK$59,825.4M represents the best investment vehicle to gain exposure, in our view. In recent years, Avg. Daily Trading Volume 2,452,955 it has gained market share, and we believe it will continue to do so with strong Dividend/Div Yield HK$0.19/0.76% government backing, ample capital and economies of scale. Although most pharma wholesalers experience margin erosion, Sinopharm's margins have been relatively Book Value HK$6.73 stable. We believe it can grow revenue/net income at 21.5%/21.4% CAGRs during Fiscal Year Ends Dec 2011-17. However, its fair valuation keeps us on the sideline initially. We would look 2012E ROE 9.0 % to become more constructive as valuation becomes more attractive. LT Debt HK$5,229.0M Preferred NM KEY POINTS Common Equity HK$21,528M ■ Absolute Dominance. China's No. 1 pharma distributor, Sinopharm has more Convertible Available No than 10% market share in an industry that's growing at a double-digit rate and, interestingly, consolidating at the same time, backed by government support.
    [Show full text]
  • “Profiting from China's Fast-Growing Retail Pharmaceutical Industry”
    Trading symbol: CYXN (OTCBB) China Yongxin Pharmaceuticals, Inc. 927 Canada Court City of Industry, CA 91748 - USA Phone: (626) 581-9098 Fax: (626) 581-9138 Email: [email protected] www.chinayongxin.com Overview September 2008 China Yongxin Pharmaceuticals, Inc. is a 15-year-old enterprise that was founded in Changchun, Jilin province, China. China Yongxin’s Chinese enterprise is known as Yongxin brand. The company is a producer, distributor and retailer of pharmaceutical products. Today, the company has five subsidiaries including 93 stores. “Profiting from China’s fast-growing retail Public Company Stats pharmaceutical industry” Ticker: CYXN CIK: 0001087848 SIC Code: 5912 China Yongxin Pharmaceuticals’ revenues for the six month period ending June State of Incorporation: Delaware 30, 2008 grew 30% as compared to revenues for the six month period ending June 30, 2007. The Company’s sales for the six month period ending June 30, Price (9/01/2008): $0.54 2008 were $29.6 million compared to $22.9 million for the six month period 52-wk high/low: $0.32/$3.00 ending June 30, 2007. Net Comprehensive Income rose by 32.7% to $2.32 Av. volume (90-day): 21,200 million for the six month period ending June 30, 2008 from $1.75 million for the Shares outstanding: 31.0 million six month period ending June 30, 2007. Market cap: $16.74 million Cash on 6/30/08: $1.09 million Revenues (6 mos):* $29.57 million Gross Profit (6 mos):* $5.38 million Net Profit (6 mos):* $2.32 million Rev Growth (6 mos):* 30% Net Comprehensive Income Growth:* * 32.7% On the Web: www.yongxinchina.com *Six month period ending June 30, 2008 **Compared to Six month period ending June 30, 2007 Sources: Company filings, Hoover’s Market Drivers • China’s overall GDP grew at over 11% per the latest readings; • Retail pharmaceutical sales are projected to grow at 20% per year to over $30B by 2011; • A strong network of over3,500 retail buyers of the company’s products; • China’s up and coming middle class is demanding higher quality medicines and natural and organic alternatives.
    [Show full text]
  • Outlook on China's Pharmaceutical Distribution Market 2019-2025 - Cross- Border Integration of Pharmaceuticals & E-Commerce Continues
    Source: Research and Markets November 13, 2019 11:58 ET Outlook on China's Pharmaceutical Distribution Market 2019-2025 - Cross- border Integration of Pharmaceuticals & e-Commerce Continues Dublin, Nov. 13, 2019 (GLOBE NEWSWIRE) -- The "China Pharmaceutical Distribution Industry Report, 2019- 2025" report has been added to ResearchAndMarkets.com's offering. This report highlights the following: China pharmaceutical distribution industry (development environment, status quo, market size, market structure, competitive pattern and development trends) China drug retailing market (market size, gross margin, and net margin, quantity, the share of medical insurance designated stores, per customer transaction, and comparison of operating results between major drug retailers) 20 Chinese pharmaceutical distribution companies (operation, revenue structure, gross margin, development strategy, etc.). In 2018, the Market was Worth RMB2,194.5 Billion, a 9.6% Rise From RMB2,001.6 Billion in 2017, of Which Drug Retailing Market Size Ranged at RMB437.7 Billion in 2018, Compared With RMB400.3 Billion in 2017. China's pharmaceutical distribution industry has sustained steady growth over the years By product, western medicine is prevailing in the Chinese pharmaceutical distribution market, sweeping 73.2% of total sales in 2018; by region, the east and the central south of China take larger shares, a combined 62.1% in 2018. In China, a competitive pattern has taken shape that national drug distributors led by Sinopharm, China Resources Pharmaceutical Group, Shanghai Pharmaceuticals and Jointown Pharmaceutical Group, and regional distribution companies such as Nanjing Pharmaceutical, Guangzhou Pharmaceuticals, Chongqing Pharmaceutical, Huadong Medicine, Sichuan Kelun Pharmaceutical, Zhejiang Int'l Group, Realcan Pharmaceutical, Guangzhou Liuzhou Pharmaceutical and Luyan Phapma, compete with each other.
    [Show full text]
  • Procter & Gamble Teams with Teva in OTC Market
    OTC31-03-11p1&24FIN.qxd 31/3/11 07:09 Page 1 31 March 2011 COMPANY NEWS 3 Procter & Gamble teams Walgreens to acquire 3 drugstore.com Novartis UK plans 3 to move Consumer with Teva in OTC market OTC turnover disappoints 4 at Celesio Germany’s Bionorica 6 rocter & Gamble has signed a ‘master ledge, plus a network of mass-retail partners. pushes into the UK Pagreement’with Teva Pharmaceutical Yanai’s counterpart at Procter & Gamble, Galenica’s Vifor OTC unit 7 Industries to create a consumer healthcare Bob McDonald, pointed out that Teva’s exten- reports gains partnership, including a joint venture that sive portfolio in categories such as allergy,gas- NBTY reports loss 8 will bring together each firm’s OTC port- trointestinal and respiratory would provide a in wake of takeover folio. However, Procter & Gamble will re- pipeline of potential prescription-to-non-pre- Linola and Vagisan lift 9 tain full control of its North American OTC scription switches that could either become new sales at Dr Wolff operations. lines or extensions to Procter & Gamble brands Alliance Pharma poised 10 The joint venture – in which Procter & such as Metamucil, Pepto-Bismol and Vicks. to acquire Anbesol brand Gamble will hold 51% and Teva 49% – will Details of the collaboration are currently be- SEEK to auction 10 combine the two companies’ OTC operations ing finalised. Subject to regulatory approval, the cough-drug rights in all markets outside of North America and two firms expect to close the deal this autumn. will have annual sales of more than US$1 bil- The chief executive officer of the joint ven- GENERAL NEWS 11 lion (C700 million) on formation.
    [Show full text]
  • Acquisition of Finished Drug Businesses Reduces Bulk Exposure
    June 27, 2012 COMMENT China Pharmaceutical Group (1093.HK) HK$2.05 Equity Research Acquisition of finished drug businesses reduces bulk exposure News China Pharm has announced the acquisition of three finished drug companies from its parent for a total consideration of HK$8.98 bn (HK$2.271 bn equity and HK$6.708 bn in convertible bonds). Total 2011 NPAT of the acquired companies was Rmb314 mn (HK$383mn) in 2011 (vs HK$233 mn for China Pharm). China Pharm also stated that net tangible assets of the acquired companies will be no less than HK$950 mn at completion. Assuming an HK$600mn/HK$800mn earnings contribution as guided by China Pharm for target companies in 2012E/13E, we calculate EPS accretion will be HK$0.103/0.137 on a fully converted basis post share allotment and CB issuance respectively, which gives an acquisition P/E multiple of 15x/11x for 2012/13E respectively. Analysis The acquisitions are: (1) CSPC OYY, owning four pharma manufacturing sites with GMP standards and four bulk drugs production lines meeting global standards. It manufactures over 200 pharma products, including Azithromycin capsules, Alendronate sodium tablets and Levoamlodipine Maleate tablets. NPAT was Rmb114mn in 2010 and Rmb142mn in 2011, with 2011 year-end NAV of Rmb220mn. The OYY subsidiaries’ NPAT were Rmb-0.468mn/Rmb0.295mn in 2010/2011. (2) CSCP NBP, engaged primarily in the manufacture of drugs for the central nervous system (CNS), e.g. cerebrovascular drug Butylphthalide Soft Capsules. NPAT was Rmb13.99mn/Rmb105.5mn in 2010/2011, with NAV at end of 2011 at Rmb235mn.
    [Show full text]
  • 2013 Outlook 10 December 2012 Health Care Industry Update
    Deutsche Bank Markets Research Asia Industry Date China 2013 Outlook 10 December 2012 Health Care Industry Update Jack Hu, Ph.D Research Analyst Anticipate healthy revenue growth (+852) 2203 6208 [email protected] and modest margin pressure Healthy sector growth with modest margin pressure in 2013 Top picks We estimate 20-22% growth for the drug sector and 19% growth for the Sino Biopharmaceutical Buy medical device sector in 2013, driven primarily by healthy growth in medical (1177.HK),HKD3.72 reimbursement funding and completion of the infrastructure build-up cycle, China Shineway (2877.HK),HKD12.16 Buy respectively. We expect operating margin erosion to continue, due largely to Mindray Medical (MR.N),USD34.47 Buy rising sales and marketing expenses. We reiterate our top picks, namely Shineway (2877.HK), Sino Biopharm (1177.HK) and Mindray Medical (MR.N). Companies Featured Catalysts in 2013 We expect the following positive catalysts: 1) continuous demand growth, Sino Biopharmaceutical Buy (1177.HK),HKD3.72 demonstrated by growth acceleration of in-/out-patient visits to hospitals; 2) 2011A 2012E 2013E 2013 NRDL expansion, as more drugs should be reimbursed; and 3) new GMP P/E (x) 20.1 22.3 19.0 inspection for injectables by YE13, since sector consolidation is likely to ensue. EV/EBITDA (x) 8.9 9.7 8.2 We also anticipate the following uncertainties in 2013: 1) 2013 RDL tender, Price/book (x) 3.0 4.2 3.9 which could have a negative impact on drug pricing; and 2) hospital reform, which will affect prescription volumes, a larger risk compared with pricing.
    [Show full text]