2022 China’s Medical Technology Industry Report

Source:iResearchDecember 21,202211:15 AM Overview

This report roughly divides the medical technology industry into five categories, which are government planning & hospital management, product & service, service & user, product & user, and smart payment. Then 15 segments that have made development achievements are selected for maturity evaluation. According to the evaluation results, the three sub-tracks of digital health management, smart medical record, and medical insurance informationization, are analyzed from the aspects of development status, business model, competition pattern, and development trend.

The healthcare innovation services created by cloud computing, big data, IoT, AI, 5G and other digital technologies provide more intelligent service for the government, hospitals, and patients, creating the most optimized big healthcare ecosystem—the smart healthcare model. Smart medical care covers three main scenarios, which are smart hospital, regional medical service, family healthcare, reaching all links of medical services. Its core goal is to enhance service capabilities, improve medical efficiency, improve patient experience and expand service coverage. The overall trend is from inside the hospital to outside of the hospital, from modularization to integration.

In terms of size, the penetration of medical technology in the overall healthcare market is still low. In the future, with the combination and convergence of all kinds of technologies, applications and services, its penetration in the healthcare market will increase. In terms of technology, the combination between emerging technologies and medical scenarios will increase, promoting the optimization of the healthcare service system. In terms of companies, the integration between medical companies and technology companies will speed up, contributing to the vertical development of current services. In general, the medical technology industry will drive the healthcare service system to cover all areas, all diseases and the entire process.

Scope of Medical Technology

Due to the Covid-19 pandemic, intelligent medical service has sped up, accelerating the penetration of Cloud Computing, Big Data, IoT, AI and 5G and other digital technologies in segmented medical scenarios. Also, the smart medical care concept, which is full-cycle health management and borderless service extension, requires support from various technologies. China’s medical industry has just started its innovative ‘medical + X’ growth model. Medical technology refers to using the advanced network, communication, computer and digital technologies to realize the intelligent collection, conversion, storage, transmission and post-processing of medical information, as well as the digital operation of various medical services and processes. This report focuses on the application of digital technology in all links of the healthcare service industry chain. It does not conduct research and analysis on biotechnology such as gene editing, life science infrastructure such as CXO, or production and manufacturing of new materials.

Development Basis of Medical Technology: Construction of Technology and Informationization

Digital technologies such as Cloud Computing, Big Data, IoT, AI and 5G started fast development around 2015. They gradually provide more support for the construction of the medical information system and become the key to improving the service and innovation capabilities of medical institutions in the context of regular pandemic response. In addition, in 2020, over half of the businesses of Chinese hospitals have more than 500 applications (such as hospital management and guarantee information system, patient visit management, and service information system, etc.) Most hospitals have accumulated experience in the informationization of hardware, system, data, and so on. The informationization construction of Chinese hospitals has achieved phased progress, and will probably experience a new round of digital transformation supported by technologies.

Value of Medical Technology

In its long development, medical technology first pursues medical value, that is, it uses technical characteristics to solve practical problems in medical scenarios, thereby meeting clinical needs, enhancing medical services and efficiency, as well as improving quality management. Then it explores social value. Focusing on completing digital transformation and value reengineering of the medical industry at the macro level, it creates an ecology integrating hospitals, communities, governments, academic institutions, venture capital, public medical service platforms, local partners, mobile medical management platforms, and medical professionals, etc., solving the problem of uneven distribution of medical resources in different regions and cities, and large differences in supply and demand. When shifting from pursuing medical value to pursuing social value, by understanding the demand of various stakeholders in the medical ecosystem, medical technology companies build various technology platforms to balance interests among various subjects, thereby completing its business model construction, clarifying commercial value, and building a complementary path for medical value and social value.

Medical Technology Industry Map

Overview of the Digital Health Management Industry

Digital health management refers to using modern digital technologies for comprehensive monitoring, evaluation and follow-up intervention on the health risk factors, trying to change from disease treatment to disease prevention. Report on the Nutrition and Chronic Diseases Status of Chinese Residents 2020 pointed out that China has a large sub-healthy population and a large elderly population,  a lot of patients suffering from chronic disease,  and many critically ill patients. Thanks to the national strategy of “health China” people’s concept of health is shifting from centering on disease treatment to health promotion. The huge demand makes the digital health management market promising. Based on the concept of full coverage, digital health management centers on health management methods and application innovation such as biomedical technology and information management technology. It is committed to full life-cycle health management services for different groups, such as healthy and sub-healthy groups, chronic disease groups, and rehabilitation groups.

Introduction to the Integration Models

Horizontal integration and intelligent development of innovative healthcare services

A new round of information revolution represented by intelligent technology is promoting a profound reform of society and enhancing people’s living standards. “Intelligence” now plays an important role in technological advancement, system innovation and economic transformation. Smart medical care is involved in all aspects of healthcare services and has become an increasingly important development path of medical service. Digital technologies such as Cloud Computing, Big Data, IoT, AI and 5G” have created innovative healthcare services, providing more intelligent services for governments, hospitals, patients, and others, creating the most optimized big healthcare ecosystem--smart medical care.

The Scope and Division of Smart Medical Care

Smart medical care consists of smart hospital systems, regional medical service systems and family healthcare systems. The smart hospital can be divided into three parts, “smart medical care” targeting medical staff, intelligent management for hospital management, and smart services for patients. The regional healthcare system consists of regional healthcare platforms and public healthcare systems, collecting, processing, and transmitting all information records of communities, hospitals, medical research institutions, and health regulatory departments. The family healthcare system is the closest health protection for people’s daily life. It includes video medical service for patients who cannot go to the hospital for treatment; remote medical care for children, the elderly, and patients suffering from chronic diseases, health monitoring of the mentally handicapped, the disabled, and people with infectious diseases, as well as the intelligent medication system that can automatically remind patients of the time to take medication, the contraindications and remaining dose of their medication, etc.

Development Trends in the Medical Technology Industry

It is estimated that the size of China’s medical care market exceeded 9 trillion yuan in 2021, increasing by 14.6% year on year. As the government and people attach increasing importance to healthcare, the size is expected to exceed 15 trillion yuan by 2026. As mentioned above, the market size of the "service & user" segment in the medical technology industry is the largest. The combined market size of its main tracks, online diagnosis and treatment and pharmaceutical e-commerce, was about 240 billion yuan in 2021. However, it only accounts for 2.6% of the overall healthcare market, which means the penetration of medical technology in the overall healthcare market remains low.  In the future, with the linkage and integration of various technologies, applications and services, the segments of medical technology will contribute to the systematic optimization of medical service models, achieving another leap-forward growth of the overall industry scale.

Table of Contents of the Full Report

Abstract


1 Overview of the Medical Technology Industry
1.1 Scope of Medical Technology
1.2 Pain Points to be Solved
1.3 Solid Foundation
1.3.1 Economy and Policy 
1.3.2 Technology and Information Construction
1.4 Technological Changes Drive the Advancement of Medical Service Models

1.5 “Cloud Computing, Big Data, IoT, AI and 5G: Medical Cloud 
1.6 “Cloud Computing, Big Data, IoT, AI and 5G: Medical Big Data
1.7 “Cloud Computing, Big Data, IoT, AI and 5G: Medical IoT
1.8 “Cloud Computing, Big Data, IoT, AI and 5G: Medical AI
1.9 “Cloud Computing, Big Data, IoT, AI and 5G: Medical 5G
1.10 Exploration of the Value of Medical Technology


2 Analysis of Segments of the Medical Technology Industry
2.1 The Medical Technology Industry Map  
2.2 Maturity Evaluation of Main Segments of Medical Technology
2.2.1 Maturity Evaluation Model and Standard 
2.2.2 Maturity Evaluation of the Sub-Industries 
2.3 Highly Mature Segments of Medical Technology
2.3.1 Digital Health Management
2.3.1.1 Overview of the Digital Health Management Industry
2.3.1.2  Business Models of Digital Health Management
2.3.1.3 Environment for the Digital Health Management Industry
2.3.1.4 Development Direction of Digital Health Management
2.3.2 Medical Record Quality Control 
2.3.2.1 Smart Medical Record Concept and Value  
2.3.2.2 Medical Record Quality Control Problems and Solutions  
2.3.2.3 DRGs Concept and Value
2.3.2.4 Links and Differences Between DRGs and DIPs
2.3.2.5 Relationship Between Smart Medical Record and DRGs

2.3.2.6 Drivers of Smart Medical Record and DRGs
2.3.2.7 Smart Medical Record and DRGs Competitive Landscape
2.3.2.8 Development Directions of Smart Medical Record and DRGs

2.4 Overview of Medical Technology Segments with High Expectations  
2.4.1 AI Pharmaceutical R&D
2.4.2 Medical Robots
2.4.3 Digital Treatment
2.4.4 Digital Twin Medical Care
2.4.5 Metaverse Medical Care 


3 Analysis of Integration Models
3.1 Introduction
3.2 Concept and Development History of Smart Medical Care
3.3 Architecture and Value of Smart Medical Care
3.4 Core Goal of Smart Medical Care
3.5 Data Management and Application Are The Key to Smart Medical Care
3.6 The Scope and Division of Smart Medical Care
3.6.1 Smart Hospital

3.6.2 Regional Medical Service
3.6.3 Family Healthcare
3.7 Smart Medical Care Companies


4 Case Study 
4.1 WOWJOY Technology
4.2 Fangzhoujianke
4.3 Unisound


5 Insights into the Trend in the Medical Technology Industry
5.1 Development Trends in the Medical Technology Industry
5.1.1 Huge Development Room  

5.1.2 New Technologies Keep Developing 
5.1.3 Integration between Medical Enterprises and Technology Enterprises Speeds Up
5.1.4 Healthcare Service System Will Cover All Aspects, All Diseases and the Whole Process

Contents

In recent years digital transformation of the medical system is going vigorously. Thanks to the favorable macro environment, the medical technology industry is developing rapidly, increasing the penetration of digital technologies such as cloud computing, big data, IoT, AI, and 5G in various segmented medical scenarios. Medical technology plays an important role in disease surveillance, decision-making support, health management, and other aspects, providing technology support for the construction of modern intelligent medical care and stimulating continuous innovation.

Related Reports
Close
Top Reports
Contact
Beijing Office
3/F, Tower B, Guanghualu SOHO II, No. 9 Guanghua Road, Chaoyang District, Beijing, 100020 Phone: +86 18610937103
Services Related:wanghe9@iresearch.com.cn Media Interview: vikdong@iresearch.com.cn