Health industry

The health industry is one of Zhejiang’s eight focus industries in 2017, along with information, environmental protection, health, tourism, fashion, finance, culture and high-end equipment manufacturing industries. Since the concept of health is increasingly important, developing Zhejiang’s health product manufacturing industry has seen acceleration. 

From January to April of 2017, the added value of health product manufacturing industry of industrial enterprises with an annual industrial output value above 20 million yuan was 17.8 billion yuan ($2.68 billion), a year-on-year growth of 9.4 percent, and a growth rate 0.5 percent higher than that of last year. 

The added value of the sports manufacturing industry, medical equipment manufacturing industry and pharmaceutical manufacturing industry, which are main industries of health product manufacturing industry, was 1.2 billion yuan, 1.9 billion yuan and 14.1 billion yuan, a year-on-year growth of 12 percent, 10 percent and 9.9 percent respectively.

With an expenditure on scientific activity of the first quarter of 2017 of 1.1 billion yuan, new products are growing. The output value of new products of the first four months of 2017 was 23.1 billion yuan, with an increase of 17.9 percent.

Health product enterprises have strong profitability. From January to April, the total profit of health product manufacturing enterprises was 4.7 billion yuan, a year-on-year increase of 11.6 percent. The revenue profit margin of main business was 11.8 percent, 5.6 percent higher than that of industrial enterprises with an annual industrial output value above 20 million yuan.