Valsartan (Diovan) Market in China: Opportunity Outlook to 2022 with Sales Analysis from 2013 – ResearchAndMarkets.com

The “Investigation
Report on Chinese Valsartan Market, 2018-2022” report has been
added to ResearchAndMarkets.com’s offering.

The growing economy has greatly changed the lifestyle and diet of
Chinese people and led to the increasing incidence of hypertension in
China. According to population size and structure, China has over 300
million hypertensive patients, over 1/3 of the global total. However,
China has a wide gap with developed countries on hypertension control
rate.

According to research, the sales value of Valsartan was about CNY 537
million in 2017, a slight decrease over 2016. The sales volume increased
while the average price fell, which doesn’t mean shrinking market demand.

There are many Valsartan manufacturers in China while the concentration
ratio is high. In 2017, over 90% market share by sales value was
captured by Beijing Novartis Pharma Co., Ltd., Lunan Better
Pharmaceutical Co., Ltd., Novartis and Changzhou Siyao Pharmaceutical
Co., Ltd.

The Valsartan (trade name: Diovan) produced by Beijing Novartis Pharma
Co., Ltd. took up over 85% of the Chinese market, and the domestic
enterprises also gained some market share by price advantage.

Many domestic pharmaceutical enterprises expect to scrabble for market
shares from Novartis by advantage of lower prices. For example, in June
2018, Zhejiang Huahai Pharmaceutical Co., Ltd. obtained the production
permit for Valsartan tablets (40mg, 80mg and 160mg) from CFDA.

It is estimated that the incidence of hypertension and the demand for
Valsartan will continue to grow in China in the coming years.

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For more information about this report visit https://www.researchandmarkets.com/research/jszmlp/valsartan?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180710005625/en/

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