According to the market research, the sales of Tiotropium Bromide in the Chinese market have been on the rise from 2016 to 2019. Especially after the inhalation powder of Tiotropium Bromide was included in the national medical insurance catalog in 2017, its sales have grown steadily from 2017 to 2019. However, its sales fell 19.3% year-on-year to CNY274 million in 2020. The main reason for the decline in its sales is that the COVID-19 epidemic has impacted the hospital's overall diagnosis and treatment business. The CAGR of Tiotropium Bromide in the Chinese market from 2016 to 2020 is 4.73%.
The analyst predicts that with the effective alleviation of the COVID-19 epidemic, the sales volume of Tiotropium Bromide in the Chinese market from 2021 to 2025 will have a restorative growth, promoting the increase in sales. As of the end of 2020, the number of chronic resistance disease patients in China has increased to more than 100 million. Therefore, the sales of Tiotropium Bromide will continue to grow, promoting the growth of the Tiotropium Bromide market.
Topics Covered:
- The impact of COVID-19 on China's Tiotropium Bromide market
- Sales value of China's Tiotropium Bromide 2016-2020
- Competitive landscape of China's Tiotropium Bromide market
- Prices of Tiotropium Bromide in China
- Prices of Tiotropium Bromide in China by regions and manufacturers
- Analysis of factors affecting the development of China's Tiotropium Bromide market
- Prospect of China's Tiotropium Bromide market from 2021 to 2025
Table of Contents
Samples
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Companies Mentioned
- Boehringer Ingelheim International GmbH
- Chia Tai Tianqing Pharmaceutical Group Co., Ltd.
- Nanchang Hongyi Pharmaceutical Co., Ltd
- Zhejiang Xianju Pharmaceutical Co., Ltd
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 50 |
Published | May 2021 |
Forecast Period | 2016 - 2025 |
Estimated Market Value ( CNY | CNY 228.05 Million |
Forecasted Market Value ( CNY | CNY 483.59 Million |
Compound Annual Growth Rate | 8.7% |
Regions Covered | China |
No. of Companies Mentioned | 4 |