At a latest press briefing, the Shanghai Science and Technology Commission revealed that the scale of Shanghai’s biomedical business has been rising steadily, growing from 761.714 billion yuan in 2021 to 984.702 billion yuan in 2024, with a mean annual compound progress fee of 8.94%. In the first half of 2025, it reached 500.566 billion yuan, and it’s anticipated to exceed 1 trillion yuan this 12 months.
Data additionally reveals that the output worth of Shanghai’s biomedical manufacturing business elevated from 171.2 billion yuan in 2021 to 201.167 billion yuan in 2024, with a mean annual compound progress of 6.9%. By the finish of 2024, there have been 2,183 above – scale biomedical enterprises in Shanghai, protecting a number of industries similar to manufacturing, companies, and wholesale. Among the prime 20 pharmaceutical corporations and the prime 20 medical system corporations in the worldwide rankings, 19 of every have established their headquarters, manufacturing facilities, or R & D facilities in Shanghai.
As the “economic capital” of China, Shanghai has constructed 4 trillion – stage industrial clusters in digital data, vehicles, excessive – finish gear, and software program and knowledge companies. The biomedical business reaching the trillion – yuan mark implies that Shanghai could have one other trillion – stage business.
As one among the first cities in China to format the biomedical business, as early as 1993, Shanghai listed trendy biology and drugs as a excessive – tech business for key growth. In 2020, the solutions for Shanghai’s 14th Five – Year Plan clearly proposed to “double the scale of the three leading industries of integrated circuits, biomedicine, and artificial intelligence.” In 2024, Shanghai launched the mom funds for the three main industries, together with the mom funds for built-in circuits, biomedicine, and synthetic intelligence, in addition to the future business fund, with a complete scale of 100 billion yuan.
According to the objectives set in the “14th Five – Year Plan for the Development of Shanghai’s Biomedical Industry”, by 2025, Shanghai will initially construct a core service for a world – class biomedical industrial cluster, together with six 10 – billion – yuan – stage industrial parks, with an industrial scale exceeding 1 trillion yuan.
With a sequence of coverage assist, Shanghai’s biomedical business has developed quickly. Last 12 months, the scale of Shanghai’s three main industries reached 1.8 trillion yuan, and the biomedical business accounted for half of it.
Previously launched knowledge confirmed that Shanghai has shaped a whole biomedical industrial chain and an “ecosystem”, with greater than 80,000 enterprises upstream and downstream of the industrial chain. More than 30 of those enterprises have been listed on the Science and Technology Innovation Board, rating first in the nation.
In 2024, 7 Class 1 revolutionary medication and 15 Class III revolutionary medical units in Shanghai had been authorized for advertising and marketing, accounting for 17.5% and 32.6% of the nationwide complete respectively. There had been 15 tasks with abroad licensing transaction quantities exceeding 500 million US {dollars}, with a transaction quantity of 19.83 billion US {dollars}, a 12 months – on – 12 months improve of 30.5%, rating first in the nation.
Now, Shanghai is on the verge of crossing the trillion – yuan mark in the biomedical business, and the international biomedical business can also be in a stage of in – depth adjustment. How can Shanghai take it to the subsequent stage?
According to the newest revelation from the Shanghai Science and Technology Commission, Shanghai will absolutely promote the acceleration of the whole chain from primary analysis, incubation and transformation, scientific trials, evaluation and approval, manufacturing, to promotion and utility, improve the perform of scientific and technological innovation as a supply and the main perform of excessive – finish industries, and speed up the development of a world – class biomedical innovation excessive – floor and industrial cluster.
This article is from the WeChat official account “Urban Evolution Theory”, author: Liu Yanmei. It is published by 36Kr with permission.