Medical device industry

Suzhou New District (SND) intends to use the next 10 years to build a provincial medical device industry technology innovation center, integrating medical device research, innovation, product transformation and other industry corollary services. It is expected to gather more than 300 promising medical device companies and create an industrial output value of 12 billion yuan ($ 1.9 billion). The medical device industry has been the leading strategic emerging industry of SND for several years. The district is devoted to improving the innovation element and industrial ecological environment of the medical devices industry, and to taking advantage of policies to accelerate the aggregation of industrial capital, colleges, research institutions and clinical services organizations.

SND has built a professional carrier, Jiangsu Medical Science and Technology Park, and introduced R&D innovation platforms such as the Suzhou Institute of Biomedical Engineering and Technology of the Chinese Academy of Sciences, the Industrial Technology Research Institute of Zhejiang University and the Suzhou branch of Jiangsu Institute of Medical Device Testing, and established strategic partnerships with many professional service institutes. So far, SND has gathered more than 200 related medical devices companies and 98 innovation leading talents. The output value of the medical device industry in SND is growing at an annual rate of 30 percent.