International Factoids from Global Health Resources            |          October 16, 2009             |          Volume 8 Issue 41

• M&A activity in China's pharmaceutical industry reached record levels in 2007, with 111 deals accounting for $2.1 billion in the sector, representing nearly a 30 percent jump from the prior year.
• The upward trend continued into the first half of 2008, when 53 deals, valued at $1.1 billion were announced.
• China's pharmaceutical R&D expenditure ranked third worldwide in 2006. 
• Over the past several years, the size of the medical device market has increased 13%. In 2007 the market size for medical devices in China was estimated at $11.2 billion and is forecasted to nearly double, reaching $20.6 billion by 2012.

Source: Significant growth in the pharmaceutical industry drives China into global spotlight, finds new PricewaterhouseCoopers report
http://www.pwc.com/extweb/ncpressrelease.nsf/docid/02FF293F41E6B920852575990049202F