On February 20, Huaxing Securities released a research report predicting that China’s pharmaceutical retail market will maintain a growth rate of approximately 5-6% in 2025. According to data from Menet, in 2024, pharmaceutical sales in physical pharmacies in China grew by 2.3%, while health supplement sales declined by 24.8%, medical devices dropped nearly 20%, and traditional Chinese medicine decoction pieces fell by approximately 12%. (Source: Menet)
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