The WEGO Medical Park in Shanghai. [Photo/WeChat ID: minhangnews]
As China's medical device industry enters a new era of high-quality development, medical firm WEGO is pioneering a path to advancing high-end medical devices by capitalizing on its own strengths and resources to foster innovation and collaboration.
The WEGO (Shanghai) International Research Institute offers a shared platform that reduces costs and time for small and medium-sized enterprises (SMEs) developing high-end medical devices.
By cutting prototyping costs by 80 percent and product launch cycles by over 30 percent, the institute supports rapid growth for innovative start-ups.
A company representative explained that in the past, finding a pilot workshop involved extensive travel. Now, these resources are conveniently available just downstairs.
For a start-up focused on blood dialysis equipment, setting up an in-house pilot workshop would have required a significant investment and the maintenance of a team.
By using the CDMO (Contract Development and Manufacturing Organization) platform, they can pay per project, reducing costs to one-fifth of the original amount. The time savings are even more substantial, with existing mature quality control systems and registration experience helping to shorten product launch cycles by 30 to 40 percent on average.
As a leader in medical device manufacturing, WEGO aims to foster an entire industrial ecosystem. The WEGO Medical Park in Shanghai connects SMEs with vital resources, providing comprehensive support from R&D to market expansion. This "super connector" model helps bridge the gap between the lab and the clinic, ensuring that innovations meet market needs.
The park's strategic location in Shanghai's Hongqiao International Central Business District offers advantages for global market expansion, with fast export clearance and international collaborations. Plans include building an international innovation center to facilitate global research, development and application.
WEGO's vision is to develop a hub for Chinese medical device innovation, attracting scientists, entrepreneurs and investors to create a thriving ecosystem.
A matchmaking event at the WEGO Medical Park connects scientists with clinical experts and investors, ensuring that innovations are aligned with market needs from the very beginning. [Photo/WeChat ID: minhangnews]
