Pharmaceutical industry is an important part of China's national economy, is a combination of traditional and modern industries, primary, secondary and tertiary industries as one industry. Its main categories include chemical raw materials and preparations, Chinese herbal medicines, Chinese medicine, Chinese medicine tablets, proprietary Chinese medicines, antibiotics, biological products, biochemical drugs, radiopharmaceuticals, medical equipment, sanitary materials, pharmaceutical machinery, pharmaceutical packaging materials and pharmaceutical business. The pharmaceutical industry plays a very important role in protecting and promoting people's health, improving the quality of life, providing family planning, disaster relief and epidemic prevention, military preparation and promoting economic development and social progress. China's pharmaceutical industry is a long-term bullish industry, by 2013 China surpassed Japan to become the world's second largest pharmaceutical country.
The medical device industry involves pharmaceuticals, machinery, electronics, plastics and other industries, and is a multidisciplinary cross, knowledge-intensive, capital-intensive high-tech industry. The basic characteristics of high-tech medical equipment is digital and computerized, is a multidisciplinary, cross-field crystallization of modern high technology, its product technology content is high, high profits, and therefore is the science and technology powers, the international large-scale companies compete with each other on the heights of the threshold of intervention is high. Even in the industry as a whole, lower gross margins, input is not high in the sub-industry will continue to have a higher technological content of the products, and from this spawned a number of enterprises with strong profitability. Therefore, the overall trend of the industry is high input, high yield.
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