In 2008, China's biomedical industry achieved an output value of 866.6 billion yuan, marking a year-on-year growth of 25.23%. This strong 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 was less impacted by the global financial crisis compared to other industrial sectors.
Particularly during the fourth quarter, the industry demonstrated strong resilience and continued its rapid growth. A key factor behind this stability is the consistent demand for medical products, which remains relatively unaffected by economic fluctuations.
The biopharmaceutical segment saw even more impressive growth, with a year-on-year increase of 30.65%—8 percentage points higher than the growth rate in 2007. Meanwhile, the medical equipment sector grew by 31.43%, outpacing the previous year’s growth by 7.28 percentage points.
Representatives from the Ministry of Science and Technology emphasized that the bio-pharmaceutical industry will remain a major focus in China’s future development. Over the next decade, several gene therapy projects and new drugs are expected to move into practical application stages.
China is also working to significantly enhance its research and development capabilities in biopharmaceuticals, aiming to create a diverse range of drug solutions, including traditional Chinese medicine, modern pharmaceuticals, and advanced biologics.
It is projected that over 200 bio-pharmaceutical approvals will be granted for major diseases such as cancer, heart disease, hypertension, diabetes, and neurological disorders. Nearly 200 new bio-pharmaceuticals are currently under development, while around 400 have entered clinical trials.
With these developments, the bio-pharmaceutical industry is rapidly emerging as a key driver of innovation and growth in China’s healthcare sector. The Shanghai Medical Device Industry Association also supports these efforts, recognizing the potential of this dynamic field.
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