The pharmaceutical industry mainly focuses on "medicine", covering chemical pharmaceuticals, biological products, and traditional Chinese medicine. The medical industry, on the other hand, mainly focuses on a "treatment", including medical services and medical devices.
Stemming from the most basic health needs of people, for any country, the pharmaceutical and medical industry is high-growth. In recent years, with the intensification of China's aging society, the pharmaceutical and medical industry will have greater room for development in the future, and China's pharmaceutical industry has maintained an annual growth rate of more than 13%. However, affected by the three-year epidemic, as of December 23, 2022, the pharmaceutical and biological industry has fallen by 21% compared with the beginning of 2022, among the various pharmaceutical sub-industries, only offline pharmacies have increased by 1.1%, and the remaining 12 tertiary industries have declined, of which CXO, medical consumables, vaccines and biological drugs have all fallen by more than 30%.
2023 is the first year to implement the spirit of the 20th National Congress Report, with the optimization of epidemic control and the consolidation of the capital market, medical, pharmaceutical and capital markets will recover, and innovative drugs and traditional Chinese medicine will also achieve rapid development. At the same time, with the continuous advancement of science and technology, the continuous innovation of medical technology, the market demand for professional pharmaceutical & medical industry technology exchanges and scenarios is also increasing.
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