In the five years to 2017, the Biological and Biochemical Product Manufacturing industry has been growing 12.1% per year to total $58.4 billion in 2017. The industry has benefited from the rapid development of the national economy, rising household disposable incomes and increasing investment in the healthcare sector by the Chinese government. Improvements in China's social security system, the establishment of a public health system establishment and the formation of the new rural cooperative medical care system have driven up demand for various industry products, particularly vaccines.The industry has a low concentration level, with revenue from the top four enterprises (China National Pharmaceutical Group Corporation, Shanghai RAAS Blood Products Co. Ltd.,...purchase to read more.

Industry Statistics & Market Size
Revenue
$58bn
Annual Growth 12-17
12.1%
Forecast Growth 17-22
Profit
Employment
227,028
Businesses
1,193

Industry Report - Starting a New Business Chapter

RegulationsAs an industry that has a direct impact on human health and wellbeing, there are many regulatory barriers to entry. For example, new firms must receive authorization from the State Food and Drug Administration to engage in industry business. In addition, any new projects must be approved by the government. Last, enterprises engaged in drug manufacturing must conform to Good Manufacturing Practice (GMP) and Good Selling Practice (GSP) regulations.High technology requirementsBiological and biochemical product manufacturing is a new industry with high technology and knowledge requirements. Although China is advanced in some manufacturing technologies for some industry products, it still lacks some core technologies...purchase to read more.

Additional Insights for the Biological and Biochemical Product Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Biological and Biochemical Product Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Superior financial management and debt management
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Key Attitudinal Changes - Health Consciousness and Levels of Health - Disease/Epidemics in the Biological and Biochemical Product Manufacturing industry impact industry performance..

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    What's in this report

    What is the Biological and Biochemical Product Manufacturing Industry?

    The Biological and Biochemical Product Manufacturing industry manufactures biological and biochemical products and genetically engineered drugs such as vaccines, blood products, and diagnostic reagents.

    Industry Products
  • Genetically engineered products
  • Blood products
  • Diagnostic reagents
  • Industry Activities
  • Manufacturing genetically engineered drugs and vaccines
  • Manufacturing amino acids, antibiotics, and vitamins
  • Manufacturing micro-ecology preparations
  • Manufacturing blood products and substitutes
  • Manufacturing diagnostic reagents
  • Manufacturing biochemical products with animal liver
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Key Attitudinal Changes - Health Consciousness
  • Levels of Health - Disease/Epidemics
  • Exchange Rates - Yuan per $US
  • Health Policy - Hygiene Regulations
  • Per Capita Disposable Income
  • Systems and Technology - by Industry

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Biological and Biochemical Product Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Biological and Biochemical Product Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Pharmaceutical Manufacturing
  • Pharmacies & Drugstores
  • Medical Research
  • General Hospitals
  • Traditional Chinese Medicine Hospitals

  • Key Selling Industries
  • Medical Supplies Manufacturing
  • Pharmaceutical Raw Material Manufacturing

  • Products & Services
  • Genetically engineered products
  • Blood products
  • Diagnostic reagents
  • Other
  • Chart: Biological and Biochemical Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Aging population
  • General health of the population
  • Increased health awareness
  • Favorable government policies
  • Per capita income growth

  • Major Markets
  • Hospitals
  • Other medical institutions
  • Pharmacies and drugstores
  • Exports
  • Other
  • Chart: Major Market Segmentation for the Biological and Biochemical Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Chart: Cost Structure Benchmarking – Sector vs Biological and Biochemical Product Manufacturing

  • Basis of Competition
  • Reputation
  • Product quality
  • Technology
  • Access to raw materials
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Biological and Biochemical Product Manufacturing Industry

  • Industry Globalization
    Shanghai RAAS Blood Products Co. Ltd., China National Pharmaceutical Group Corporation, Hualan Biological Engineering Inc., Shenhua Group Corp. Ltd., China National Agricultural Development Group Co. Ltd.,
  • Table: Shanghai RAAS Blood Products Co. Ltd. - financial performance
  • Table: China National Pharmaceutical Group Corporation - financial performance
  • Table: Hualan Biological Engineering Inc. - financial performance
  • Table: Shenhua Group Corp. Ltd. - financial performance
  • Table: China National Agricultural Development Group Co. Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Biological and Biochemical Product Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Biological and Biochemical Product Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Good Manufacturing Practice (Gmp)
  • Compulsory certification for the control and management of manufacturing and quality control testing of foods, pharmaceutical products and medical devices.
  • Good Selling Practice (Gsp)
  • Certification requiring drug distributors to go through an application, technical review and field assessment approval process.
  • Health Centers
  • Small-scale medical institutions providing basic health services, usually located in rural areas and urban communities.
  • New Cooperative Medical Care System
  • Health insurance system aiming to provide basic health insurance for rural citizens by raising funds from the central government, local governments and rural citizens.
  • Over The Counter (Otc)
  • General medicine that can be purchased and consumed without a doctor's prescription.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Biological and Biochemical Product Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Biological and Biochemical Product Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Biological and Biochemical Product Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Biological and Biochemical Product Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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