China's High-value Medical Supplies Localization Process Accelerated

Domestic brand share will be increased.

In recent years, high-value medical supplies with volume procurement policy gradually landed, some high-value medical supplies prices dropped significantly. It can be foreseen that after the full implementation of the volume procurement, high-value medical supplies market price-for-price impact will be wider, product price reduction will be greater, will lead to increased competition between enterprises. Large enterprises with strong capital and high investment in research and development will make use of their own advantages to realize large-scale, intensive management, accelerate the market, while small-scale, weak technical capacity, lack of funds are facing greater challenges, will be merged or eliminated in the form of exit from the market, thereby promoting industry concentration and domestic brand share.

From the demand market, affected by the increase in the level of consumption of residents and the aging of the population and other factors, in recent years, China's high-value medical supplies market scale is a high-speed growth trend, is expected to exceed 150 billion yuan by 2020. In addition, with the increase of industry concentration, enterprises with strong innovation ability, sufficient research and development strength and rich product lines have the opportunity to gain greater market share, but also have the ability to lay out some of the sub-areas with lower localization rates. At the same time, benefiting from policy dividends and capital-driven, innovationwill continue to emerge, and the process of domestic substitution of high-value medical supplies will continue to accelerate.

In addition, information management will promote the "Internet plus" in the field of high-value medical supplies applications. High-value medical supplies usually belong to high-risk products, unlike low-value medical supplies 5-year traceability cycle, high-value medical supplies usually require lifelong traceability, and the realization of product traceability depends on a sound information management system. For enterprises, high-value medical supplies intelligent management, the whole traceability to rely on the information management system of hardware and software, for hospitals, how to carry out fine management and improve management efficiency, is an urgent problem to be solved, and these factors will promote the "Internet plus" and medical supplies industry closely combined.