In 2008, China's biomedical industry achieved an output value of 866.6 billion yuan, reflecting a year-on-year growth of 25.23%. This impressive performance was highlighted at the "2009 International Bio-Economic Conference" held in Tianjin, where officials from the National Development and Reform Commission’s High-tech Industry Department noted that the bio-pharmaceutical sector remained resilient despite the global financial crisis.
Notably, during the fourth quarter of 2008, the industry demonstrated strong resistance to external shocks and continued its rapid development. One key factor behind this stability is the inherent demand for medical products, which are essential and less sensitive to economic fluctuations.
The biopharmaceutical segment saw particularly strong growth, with a year-on-year increase of 30.65%—8 percentage points higher than the growth rate recorded in the same period in 2007. Meanwhile, the medical equipment sector also experienced significant expansion, growing by 31.43%, which was 7.28 percentage points higher than the previous year.
Representatives from the Ministry of Science and Technology emphasized that the bio-pharmaceutical industry remains a top priority for national development. Over the next decade, China plans to advance several gene therapy programs and bring new drugs to market. These efforts are expected to significantly enhance the country’s research and development capabilities in biopharmaceuticals.
Moreover, the industry is poised to create a more diverse drug landscape, integrating traditional Chinese medicine with modern biotech solutions. By 2015, China aims to obtain 200 bio-pharmaceutical approvals for major diseases such as cancer, heart disease, hypertension, diabetes, and neurological disorders. Nearly 200 new bio-pharmaceuticals are expected to be developed, with over 400 entering clinical trials.
This growth has positioned biopharmaceuticals as a key emerging industry in China, with increasing investment and innovation driving its long-term development. The Shanghai Medical Device Industry Association also supports these advancements, highlighting the sector’s promising future.
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