Trends in China’s pharmaceutical market during the COVID-19 epidemic

Faculty of Social Sciences and Law, University of Bristol, Bristol, BS8 1TH, United of Kingdom

^* Corresponding author: uf23112@bristol.ac.uk

Abstract

The COVID-19 epidemic has had a significant impact on the Chinese pharmaceutical market, leading to substantial changes in demand, production, supply, and market size. This study aims to analyze the impact on the Chinese pharmaceutical market by examining the evolving market trends during the COVID-19 epidemic. Through relevant literature and data, the following conclusions are drawn: the Chinese pharmaceutical market has undergone significant changes in demand, production, supply, price, and scale due to the epidemic. These factors not only posed considerable challenges to the Chinese pharmaceutical market during the epidemic, prompting the government and enterprises to implement a series of policies to overcome these difficulties, but also presented opportunities and challenges for the development of the Chinese pharmaceutical market. Based on the above analyses, this paper proposes some innovations and suggestions, for example the government should put forward some policies to manage market price fluctuations in some special period, and the state should also cultivate and introduce more innovative talents to help the country innovate in science and technology.