BMI ups forecast for Hong Kong pharma market to $1.53 billion in 2019

26 April 2010

In its second-quarter 2010 update, Business Monitor International has increased its forecast for Hong Kong's HK$7.67 billion ($988 million) pharmaceutical market, mainly due to an improved macroeconomic environment. It now expects combined sales of prescription drugs and over-the-counter (OTC) medicines to reach HK$11.91 billion ($1.53bn) in 2019, which represents compound annual growth rates (CAGRs) of 4.45% and 4.50% in US dollar and local currency terms, respectively.

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