中国医疗健康：2025 年第三季度药品销售追踪-China healthcare_ 3Q25 drug sales tracker

3Q25 drug sales tracker Pharmcube, a data provider, recently released 3Q25 drug sales data that was harvested and amplified from sampled hospitals in China. This data, though not 100% accurate, supplements the quarterly financial results reported by these companies around the end of October and mid-November, in our view. China healthcare Global Markets Research Better than last quarter but still declined y-y The overall China drug market sales declined 6.2% y-y (while up 6% q-q) to CNY226bn in 3Q25. EQUITY: ...