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The next phase: Opportunities in China's pharmaceuticals market National Industry Program Contents 1 Foreword 3 China's pharmaceutical market: summary and prospects 3 1. China's healthcare reform and 12th Five-Year Plan (2011 2015) 3 Healthcare reform overview 4 Latest developments 4 The 12th Five-Year Plan 5 2. Growing and distinctive Chinese pharmaceutical market 5 China's pharmaceuticals market expected to see strong growth overall 7 China has the largest elderly population in the world 8 Healthcare expenditures expected to grow rapidly over the next five years 11 Market Opportunities are rising in rural and suburban areas 13 Generics expected to continue to dominate the market, but patented drugs expected to see significant growth 15 The OTC sector is expected to
1.2 Latest developments By 2010, the number of urban and rural residents covered by the basic medical insurance scheme had reached 1.26 billion.2 According to the 2011 work plan for healthcare reform released by the State Council in February 2011, the maximum reimbursement for urban residents will reach six times their
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