Home> Doing Business>Major Industries

New medicines sector

zibo.gov.cn| Updated: December 29, 2021

Development goals: to mainly develop chemical medicines, biological medicines, high-end medical apparatus and instruments. The area of chemical medicines focuses on refining and improving on products such as high-end featured bulk drugs, making bigger high-end preparations with generic drugs, speeding up R&D and production of new medicines such as target antitumor drugs, immunosuppressors and ophthalmic remedies. Biological medicine focuses on three main industries: biological vaccines, blood products and diagnostic reagents. High-end medical apparatus and instruments consolidate and extend high-performing conventional products such as sterilization equipment, high-end infusion apparatus, hemodialyzers and perfusions. It makes efforts to develop leading products such as orthopedics angiocarpy implantation materials, domestic medical equipment, as well as high-end diagnosis and treat equipment. 

Projections are that by 2025 the industrial scale will have reached 120 billion yuan ($18.84 billion).

Key parks: Yiyuan health and pharmaceutical industrial park, Gaoging Yellow River Delta medicine valley, Zibo new & high-tech biological and pharmaceutical industrial park.

Representative enterprises: Reyoung Pharmaceutical, Shinva Medical, Xinhua Pharmaceutical, Bluesail Medical, Qidu Pharmaceutical, Jincheng Medicine, Shandong Medical Glass, Intco Medical, Rongchang Pharmaceutical, Qiaopai Group, Camber Medical, Zhongbaokang Medical Instrument.

3.jpg

Some examples of the cutting-edged equipment being manufactured by Shinva Medical Instrument Co Ltd. [Photo provided to zibo.gov.cn]