Top 5 Medicine Producing Countries in the World

2. China

2021 Medicine Production: $171,300,816,183

Population: 1,471,286,870

Medicine Production per Capita: $116

China has the distinction of being the biggest producer of pharmaceutical ingredients in the world. The most populous country in the world has a rising middle class, an increasing footprint of healthcare coverage, and an ageing population. Generic drugs and APIs make it the number one drug maker in the world in terms of volume. The country has a very tough drug approval process that takes significantly longer than other developed countries of the world.