Volume-Based Procurement in Mainland China: Key Trends and Planning Future Strategies

Volume-Based Procurement in Mainland China: Key trends and planning future strategies Substantial healthcare savings through rounds one - four; however, extreme price reductions likely to lead to supply disruptions Contracted value of VBP rounds (USD million) Round 4 507 449 Round 3 246 Round 2 522 Round 1 638 209 "4+7" pilot scheme 275 1,274 2,788 3,681 With estimated savings of $2 billion in healthcare spending through VBP, the Chinese government is expected to channelize bulk of this healthcare spending towards other key initiatives such as the NRDL. This lowers the healthcare cost for the government and reduces the strain on the country's GDP. 0 1000 2000 3000 4000 ■Contracted value Original market value ‣ Clarivate™ Source: GBI analysis, Clarivate 5

View entire presentation