Industry Notes

Industry Notes / Pharma / Chapter 2 of 20 · Bar

The profit pool is in the United States

The same molecule meets a much larger payer

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Health spending as % of GDP
China
7%
United States
17%

Health spending is about 7% of GDP in China and about 17% in the United States. A Chinese innovative drug often peaks in the tens of billions of yuan at home, and in the tens of billions of dollars in the US.

Source：WHO / 国家卫健委卫生总费用占 GDP 通行口径；引用前请核对最新年鉴

Research notes, not investment advice.