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Modern medicine is a characteristic and advantageous industry in Shaoxing, which has formed a production pattern dominated by drug manufacturing, supplemented by medical dressings and consumables, and exploration in medical cosmetology.

Shaoxing has several leading backbone enterprises with great influence in China, such as Zhejiang Pharmaceutical, Zhejiang NHU and Zhejiang Jingxin Pharmaceutical, and leads the industry in a number of subdivisions.

In terms of industry structure, bulk pharmaceutical chemicals and intermediates account for a large proportion, accounting for about 70 percent, and pharmaceutical preparations for about 20 percent. A number of enterprises are getting involved in the biomedical manufacturing field.

In the field of medical dressings and consumables, Zhende Medical and Zhejiang Haisheng Medical Device have strong influence in the field.

In 2018, Shaoxing had 80 pharmaceutical manufacturing enterprises above the designated scale – with annual sales revenue surpassing 20 million yuan ($2.85 million) – with an output value of 28.03 billion yuan, accounting for 4.1 percent of the total industrial volume of industries above designated scale in the city. The total size accounts for about 20 percent of the province's pharmaceutical industry, ranking third in the province after Hangzhou and Taizhou.