Leading manufacturers of Simvastatin in China |Market Insights | Forecast to 2023 by sarahdevis · February 19 Sony Michel Jersey , 2019
Market Reports on China Provides the Trending Market Research Report on聽鈥淚nvestigation Report on China’s Simvastatin Market, 2019-2023鈥澛爑nder聽Drugs聽Category. The report offers a collection of聽superior market research, market analysis, competitive intelligence and聽Market聽reports.
The first widely used statin in China聽is Simvastatin聽and the only statin that has been included in China’s essential medicine list and needs to complete the consistency evaluation by 2018
Request a free sample copy of聽Simvastatin聽Market Report @ TThe blood lipid levels of Chinese people are rising as China’s economy develops and a high-calorie and high-fat diet becomes increasingly prevalent. In 2018, the overall incidence of dyslipidemia in Chinese adults was up to about 40%. As dyslipidemia is a major cause of coronary heart disease, strokes and other atherosclerotic lesions, the treatment of hyperlipidemia can reduce the incidence of these diseases.
Developed by U.S. company MSD, Simvastatin聽is a semi-synthetic HMG-CoA reductase inhibitor with Lovastatin as the raw material. It was first launched in 1988, and approved by the FDA in Dec. 1991. The trade name of MSD’s Simvastatin is Zocor. Simvastatin can prevent the development of atherosclerosis and prevent the relapse of heart diseases, and reduce the risks of nonfatal myocardial infarction and myocardial revascularization.
In 1995, MSD introduced Simvastatin to China. Simvastatin is the first widely used statin in China and the only statin that has been included in China’s essential medicine list and needs to complete the consistency evaluation by 2018. And the users of Simvastatin can enjoy some preferential policies. Numerous advertisements and early launch have made Zocor well-known in community-level hospitals. In an agreement with the Chinese government, MSD promised to lower the prices of Simvastatin for a bigger market share.
Our market research shows that the sales value of Simvastatin in sample hospitals in China was about CNY142 million in 2017, and is declining in the competition with other similar drugs. By sales value, China’s Simvastatin market is dominated by Hangzhou MSD Pharmaceutical Co., Ltd., MSD, Guangzhou Nanxin Pharmaceutical Co., Ltd., Cinmed Pharmaceuticals, and Yangtze River Pharmaceutical Group Sichuan Hairong Pharmaceutical Co., Ltd. In 2017, the market share by sales value of Hangzhou MSD Pharmaceutical Co., Ltd. was about 63%, which means that branded Simvastatin still has great advantages on the Chinese market.
According to our聽estimate, Simvastatin will still have certain growth potential in China from 2019 to 2023 as the incidences of cardiovascular diseases keep increasing with the rising urbanization level, aging population and changing lifestyle.
Topics Covered: – Development environment of statins in China – Supply of and demand for Simvastatin in China – Major Simvastatin manufacturers in China – Prices of Simvastatin in China – Prospect of China’s Simvastatin market from 2019 to 2023
Browse our full report with Table of Contents: About Market Reports on China: Market聽Reports聽on聽China is thus the one-stop solution for the entire market research requirements with regards to China. We provide you with insight and analysis on the country鈥檚 economic outlook at the national, regional and city level, presenting deep understanding of disparities and evolutionary paths. Get a complete, consistent and concise view of your markets with comprehensive industry reports. Our latest regional databanks, forecasts, and detailed risk ratings will help you to identify risk and opportunities in every industry and develop strategic plans to deal with the competitiveness in the Chinese market.
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