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Surveyedconsumers are mainly born in the 1980s and 1990s. Most of them live in first orsecond-tier cities, and have a high level of income and strong spending power.Consumers are increasingly young. Their aesthetic opinions are more and morepersonalized and their anti-aging demand keeps growing. ‘Light’ aestheticmedicine has become a new trend. Consumers use both online and offline channelsto access information, and they are most concerned about safety. Still, nearlyhalf of the consumers don’t have a clear understanding of ‘light’ aestheticmedicine projects. Consumers generally lack the ability to differentiatebetween compliant and non-compliant products. More market education is needed.
Since thepandemic is gradually under control and the ‘Light’ aesthetic medicine hasachieved development, the market gradually recovers. In 2021, the size ofChina’s aesthetic medicine market was 217.9 billion yuan, with a growth rate of12.4%. It is projected to reach 410.8 billion yuan by 2025. The CAGR from to2025 is expected to be 17.2%. The non-surgical aesthetic medicine market issurgical. Its size hit 75.2 billion yuan in 2021 and is projected to reach227.9 billion yuan in 2025, with a 2021-25 CAGR of 31.9%. The non-surgicalaesthetic medicine market might become the major aesthetic medicine market inthe future.
Sinceconsumers’ diverse demand keeps expanding, active materials have a huge marketspace, which is projected to reach 113.7 billion yuan by 2030. Consumers’demand for non-invasive anti-aging treatment continues to increase, making thephotoelectric project market more and more popular and promoting the technologydevelopment of domestic brands. Systematic customer management by digitalmanagement systems can reduce information asymmetry， enhancecustomer conversion rate and retention rate, and improve enterprises’ standardoperation abilities. With deepening supervision, cross-industry coordination,and government guidance, third-party supervision companies use Internettechnologies to promote online+offline supervision,which has become a new direction of supervision.Size of the Aesthetic MedicineMarket in China
The growth ofthe aesthetic medicine industry in China has been slowing down since 2019. Influenced bythe Covid-19 pandemic in 2020, the growth rate declined to 9.9%. As thepandemic is generally under control and ‘light’ aesthetic medicine develops,the number of aesthetic medicine consumers has grown and the market growth ratehas recovered. In 2021 the market size was 217.9 billion yuan, growing 12.4%.It is expected to reach 410.8 billion yuan in 2025, with a CAGR of 17.2% from2021 to 2025. The non-surgical aesthetic medicine market has been growing fast.Its size reached 75.2 billion yuan in 2021 and is projected to reach 227.9billion yuan in 2025, with a CAGR of 31.9% from 2021 to 2025. It is expected tobe the main part of the aesthetic medicine market.
China's Aesthetic MedicineIndustry Map
Profile of Chinese AestheticMedicine Consumers
Most of the surveyed are female consumers living infirst or second-tier cities. Most of them are married and have a high income.
Photoelectricprojects achieve skin-whitening and anti-aging effects through four mainstreamtechnologies, which are laser、intense pulsed light 、radio frequency energy and ultrasonic. Most of themare non-invasive or minimally invasive projects. Laser andintense pulsed light mainly work on the epidermis and dermis; Radio frequencyenergy and ultrasonic technologies can work on the subcutaneous tissue. Theirfunctions are skin lifting, firming, etc. From the perspective of penetration,ultrasonic>radio frequency >intense pulsedlight/laser. However, the National Medical ProductsAdministration of China has not approved any ultrasonic product as a ClassIII Medical Device. The cryolipolysis technology,which is popular overseas, has entered the Chinese market. It can helpconsumers lose fat in a non-invasive way. The National Medical ProductsAdministration has approved its use in the abdomen and waist. It is expected tobe very popular in the photoelectric market.
Aesthetic Medicine Institutions
In 2021, therewere around 17000 qualified aesthetic medicine institutions in China. Amongthem, hospitals, outpatient departmentsand clinics accounted for 21%, 36% and 43%, respectively. The market share ofprivate institutions was about 90%. Despite strict regulations and restrictionson projects carried out by different levels of aesthetic medicine institutions,illegal operations still existed. Aesthetic medicine institutions in themidstream have a high profit margin. Since the market access threshold is nothigh, more and more players have entered the market, resulting in fierce marketcompetition, low industry concentration, and a lack of standardization. Thereare no leading players and the quality of aesthetic medicine institutionsvaries. Thanks to tightening regulation, more rational consumers, highertransparency, and natural phase-out and consolidation, the market share oflegal institutions will grow and industry competition will be more stable andcompliant.
Customeracquisition of aesthetic medicine institutions has four stages. Before 2007,aesthetic medicine institutions mainly acquired customers through offline ads,which had low efficiency and cost a lot. From 2007 to 2020, the main customeracquisition channels gradually changed from traditional high-cost printadvertising and offline beauty salons to big data and aesthetic medicinee-commerce platforms. In the era of e-commerce platforms, aesthetic medicineinstitutions realized accurate customer acquisition and channel cost reductionat the same time. Through contentoperation, they reduced information asymmetry and gained more trust fromconsumers, which increased the conversion rate. Traffic dividends have beenfalling since 2020. Monetization of public traffic takes a longer time andexploring the value of existing customers has become the focus. Theinstitutions attach more importance to private traffic management. By promotingtheir own brands, they lead customers to private traffic pools to retainexisting customers. They also encourage clients to bring in new customers,which can further reduce marketing costs, increase customer stickiness andenhance brand awareness.
Development Trends in theAesthetic Medicine Industry and Suggestions
As ‘light’aesthetic medicine becomes the main trend, the business philosophy of aestheticmedicine institutions gradually changes. Instead of focusing on marketing, theyrealize reputation is the key. In the era of cosmetic surgery, the informationasymmetry problem was serious and illegal operations happened a lot. Now, inthe era of ‘light’ aesthetic medicine, the repurchase rate is high. Customershave a high requirement for safety. Market information is also transparent.Institutions and doctors with good reputation can gain more users' trust andhave strong user stickiness. In the future, as ‘light’ aesthetic medicinebecomes more and more popular, standard operation and customer retention willbe critical for aesthetic medicine institutions. Using a digital managementsystem to systematically manage customers, reduce information asymmetry,increase customer conversion rate and retention rate, and enhance standardoperation ability will become an important trend in the future development ofthe aesthetic medicine industry.
Table of Contents of the FullReport
1 Status Quo of the AestheticMedicine Market in China
1.1 Definition of Aesthetic Medicine
1.2 Classification of Aesthetic Medicine Projects
1.3 Size of the Aesthetic MedicineMarket in China
1.4 China‘s Aesthetic MedicineIndustry Map
1.5 Drivers of the Aesthetic MedicineIndustry—Tightening Regulation
1.6 Drivers of the Aesthetic MedicineIndustry—ConsumptionUpgrade
1.7 Drivers of the Aesthetic MedicineIndustry—"BeautyValue Economy"
1.8 Drivers of the Aesthetic MedicineIndustry—TechnologyAdvancement
2 Insights into Chinese Aesthetic MedicineConsumers
2.1 Profile of Chinese Aesthetic MedicineConsumers
2.2 Chinese Aesthetic MedicineConsumers —Younger Consumers
2.3 Chinese Aesthetic MedicineConsumers —Appearance
2.4 Chinese Aesthetic MedicineConsumers —Aesthetics
2.5 Chinese Aesthetic MedicineConsumers —Purchase
2.6 Chinese Aesthetic MedicineConsumers —Purchased Types
2.7 Chinese Aesthetic MedicineConsumers —Consumption Level
2.8 Chinese Aesthetic MedicineConsumers —Motivation
2.9 Chinese Aesthetic MedicineConsumers — Access to Information
2.10 Chinese Aesthetic MedicineConsumers —Decision-makingCycle and Factors
2.11 Chinese Aesthetic MedicineConsumers —Preferred Institutions andDoctors
2.12 Chinese Aesthetic MedicineConsumers —Project Evaluation
2.13 Chinese Aesthetic MedicineConsumers —‘Light’Aesthetic Medicine
2.14 Chinese Aesthetic MedicineConsumers —Knowledge of Institutions andDoctors
2.15 Chinese Aesthetic MedicineConsumers —Identificationof Compliant Products
3 Analysis of China’s Aesthetic Medicine IndustryChain
3.1 Upstream:Injection Market
3.1.1 Hyaluronic Acid
3.1.2 Botulinum Toxin
3.1.3 Restorative Material
3.1.4 Active Material
3.1.6 Bone Material
3.2 Upstream:Photoelectricity Market
3.2.2 Track1: Laser
3.2.3 Track2: Intense Pulsed Light
3.2.4 Track3: Radio Frequency Energy
3.2.5 Track4: Ultrasonic
3.3 Midstream:Aesthetic Medicine Service Institutions
3.3.1 Aesthetic Medicine Institutions
3.4 Downstream: Customer AcquisitionChannels
3.4.1 Sales Channels
4 Case Study of Aesthetic Medicine Companies in China
4.3 Alma Lasers
4.4 Miracle Laser
5 Development Trends in the Aesthetic Medicine Industry inChina
5.1 DevelopmentTrends and Suggestions
Role differentiation: Individual payment wallet providers and corporatepayment solution providers have different requirements•Forindividual users: Wallet service is more standardized and easier to form ascale effect. It usually complements a complete business ecology, and itsthreshold is high.•Forcorporates: Corporate payment service is more customized and has strongerindustry attributes. The firstcomers usually have a greater voice.
Basedon thecharacteristicsof customer groups and resource environment, corporate services are furtherdifferentiated.Themarket recognition of the top independent third-party payment institutions hasbecome higher.
Value upgrade: Determine the value extension path of individual andcorporate payment•Forindividual users: Payment guides traffic to financial services and lifeservices, improving both monetization ability and user stickiness. It is thesecond growth curve of individual payment.
Userbase, conversionopportunities,development opportunities and servicequalityare the four key elements for traffic logic on the individual payment side.•ForCorporates: Expand diverse service support capabilities to accompany businessgrowth. It is the second Growth Curve of corporate payment.
Corporatepayment plays an important part in the industrial digitization of large andmedium-sized companies. It is an important driving force in the digitaltransformation of small and micro enterprises.
Lean operation of the mainpayment business and the expansion of the multi-service track are the keys forthird-party payment companies to make breakthroughs.•Lean Operation—Largercustomeracquisitionmatrix: Use both direct teamsand platform agencies to seize the opportunity for fast growth. Paymentmiddle platforms improve operation efficacy:Cut enterprises’ manpower, resource and time costs, and greatly improvecustomer service ability
•Expand Tracks—supplychain corporate services:The revenue frommulti-subject, multi-level, multi-dimensional supply chain digital services isexpected to grow;Supplychain finance:Large demand, strong policy support and prominent technology efficacy ofpayment and credit;Overseasmarket: Rich opportunities for cross-border market.
Value of Third-party Payment isProminent in the Digital Wave
Third-partypayment is now in all aspects of our daily life and it is involved in theentire value chains of all industries. Based on cloud computing, big data, AI,IoT and other technologies, financial technology innovation related tothird-party payment has a strong vitality. Payment service providers areevolving into comprehensive service providers of industrial digitizationthrough precipitation and accumulation of massive payment data, connectingindustrial capital flow and information flow, and reshaping the value of theindustry chain. In terms of individual payment, by creating traffic andecological advantages, third-party payment companies have quickly madeachievements in the corporate digital upgrade service market, providingcatering, retailing and other industry scenarios with upgrade services that cancover all operation links such as customer acquisition, marketing, andoperation, promoting the digitalization of SMEs. In terms of corporate paymentservices, third-party payment provides large and medium-sized companies withcomplete digital payment and account systems, which makes enterprise capitalflow and information flow more transparent and largely improves capitalturnover efficiency within the companies and in the upstream and downstream ofthe supply chain, effectively increasing the activity degree of the overalltransaction of the industrial supply chain. Third-party payment has become anentrance and an important hub of industrial digitization.
Size of Third-party IntegratedPayment Transactions Steadily Increase
According toservice objects, third-party integrated payment can be divided into individualpayment and corporate payment. Individual payment institutions rely on digitalwallets and diversified derivative services to enhance user stickiness.Corporate payment provides companies with payment solutions. The two jointlypromote the growth of third-party integrated payment. In the first half of2022, influenced by the resurging of Covid-19, stricter regulation, and otherfactors, the scale of offline acquiring business of corporate payment willreduce, resulting in a lower proportion of corporate payment transactions inthe overall scale. With a stable market environment, regulation measures, andbooming industrial Internet payment, the third-party corporate payment marketis expected to grow steadily and rapidly in the next few years.
Explore the Potential of Third-party Corporate Payment Market
Third-partycorporate payment agencies serve enterprises. They rely on their understanding ofenterprises’ business processes and features to provide customized paymentsolutions. Meanwhile, with payment being the entrance, they provide enterpriseswith solutions that integrate financial management, funds management, marketing and other services. Based ontheir understanding of enterprise businesses, the third-party corporate payment agencies can provide payment services that are more convenientand more suitable for enterprises’ business processes. According to transactionscenarios, corporate payment can be divided into industrialinternet payment service and offline acquiring business. As the consumer Internetis transforming into industrial Internet, industry chain payment and industrialdigitalization businesses targeting enterprises will further spread, drivingfurther growth of third-party corporatepayment.
Third-party Payment Industry Map
Lean Operations——PaymentMiddle Platforms Enhance Operation Efficiency
As third-partypayment companies keep their expansion and exploration in industry segments,they generally need independent technology development teams for each industryto meet different industry scenarios’ demand for customized payment products.In this process, a lot of repetitive product design and build, which wastesresources and reduces efficiency. Thus, in recent years, the leadingthird-party payment companies have started the layout of payment middleplatforms. By integrating service capabilities of business middle platforms anddata middle platforms, they can meet complex industry scenarios’ demand forproduct design, and avoid cross-influence of single industry product designrequirements on other industry lines and the overall structure.The process that third-party payment institutionsempower industrial digitization upgrade is also an opportunity to promote theirown digital transformation. Operational efficiency upgrades centering on theconstruction of payment middle platforms can effectively reduce enterprises'labor, resource and time costs. It can also largely improve customer service,solve industry pain points and contribute to industry upgrades.
Expansion——Supply chain finance
Supply chainfinance is an important method to solve small and micro enterprises’ financingproblems. From the perspective of demand, the gap between small and microenterprises’ economic contribution and the financial institutions' support forloans to small and micro enterprises is large. From the perspective of the policy environment, policies stronglysupport the financing of small and micro enterprises. Multiple methods havebeen taken to remove policy obstacles. In terms of supply capabilities, relyingon capital flow on the supply chain, payment institutions can help banksunderstand the real business situation of SMEs at a more reasonable cost,thereby assessing real business risk. Thus, for payment agencies, strengtheningcooperation with traditional financial institutions to empower supply chainfinancial businesses, can meet enterprises’ urgent demand and take fulladvantage of their value, which is a great method to expand their tracks.
Payment giantsnow dominate the overseas individual payment market. They are going to facecompetition with foreign payment companies. Cross-border individual paymentmainly involves scenarios such as outbound travel, cross-border onlineshopping, and overseas education. Thanks to their huge user base in China,Alipay and WeChat have become the two giants in cross-border individualpayment. Giant individual payment institutions also expand their businesses todigital wallets and other fields, empowering overseas payment systems in theform of technology output. Facing problems such as high barriers to overseasindividual payment layout and the global pandemic, the cross-border individualpayment market structure is unlikely to change in the near future. However,since Paypal, an Americanpayment giant, has entered China, foreign-funded payment companies might becomestrong competitors in the overseas individual payment market in the future.
Supported by policies, the cross-border corporatepayment market still has lots of opportunities. As the state government supports more qualified banks and paymentinstitutions to provide settlement services for foreign trade companies withnew business models in accordance with laws and regulations, more and morefinancial institutions have begun their digital transformation. They havelaunched collection products specifically for cross-border e-commerce transactions.According to iResearch, the transaction size of China’s cross-border B2Ce-commerce export is expected to be around 2 trillion yuan in 2021. Withfavorable policies such as “One belt, One road” and online development ofglobal cross-border trade, the growth rate will maintain high in the future. Asindependent websites rise and overseas expansion of online game Apps, demandfor cross-border corporate payment products and services will be more diverseand complete. Global cross-border paymentfirms represented by PingPong have finished cross-border payment infrastructureconstruction, and empowered more financial institutions as technologyproviders, injecting vitality intoChina's overall cross-border ecology.
Table of Contents of the FullReport
Definitionand Research Scope
1 Overview and Judgement:Status Quo of the Third-partyPayment Industry
1.1 Value of Third-party payment isProminent in the Digital Wave
1.2 Clear Regulation Framework Build a Stable DevelopmentEnvironment for the Industry
1.3 Size of Third-party Integrated Payment Transaction SteadilyIncrease
1.4 Explore the Potential of Third-party CorporatePayment Market
1.5 Third-party Payment Industry Map
2 Differentiationand Upgrading: Development Trends in the Third-party Payment Industry
2.1.1 Role Differentiation ofPractitioners Based on Service Objects
2.1.2 The Second Growth Curve of Individual Payment Services
2.1.3 Four Key Elements for the TrafficGuidance Logic of Individual Payment Business
2.2.1 Further Classification of Services for Corporates Based onCharacteristics of Customer Groups and Resource Environment
2.2.2 The Second Growth Curve of Payment Services for Corporates
2.2.3 Participate in Large and Medium-sized Companies’ Industrial DigitizationLayout
220.127.116.11 The Value of Customized"Account +" Service is Highlighted
18.104.22.168 Payment Institutions Contributesto Industries' Informatization Construction
2.2.4 Promote Digital Transformation of Small and MicroEnterprises
3 Strategies and Challenges
3.1 Paths for Third-party Payment Companies to Achieve Breakthroughs
3.2 Lean Operations——Enlarge the Matrix of Customer Acquisition
3.3 Lean Operations——Improve Operating Efficiency of Payment Middle Platforms
3.4 Expand Tracks——Supply Chain Corporate Services
3.5 Expand Tracks——Supply Chain Finance
3.6 Expand Tracks——OverseasMarket
4 Outstanding Companies in the Third-party Payment Industry
4.1Introduction to Outstanding Companies in China'sThird-party Payment Industry
4.2 Criteria for Outstanding Companies
4.3 Instructions for OutstandingCompanies
4.4 List ofOutstanding Companies in China's Third-party Payment Industry
5 Case Study of OutstandingCompanies in the Third-party Payment Industry
5.4 CM Financial Technology-Hebao
In thisreport, AI+ financial products have five categories, which are computer vision,machine learning, knowledge graph, intelligent speech interaction andconversational AI, and natural language processing, dividing AI + financialapplication scenarios into five types, which are security and identification,credit risk control and compliance control, precise marketing, customer serviceand operation business optimization, insurance claims, investment consultingand research. In this report, AI+ financial products have five categories,which are computer vision, machine learning, knowledge graph, Intelligentspeech interaction and conversational AI, and natural language processing,dividing AI + financial application scenarios into five types, which aresecurity and identification, credit risk control and compliance control,precise marketing, customer service and operation business optimization,insurance claims, investment advisory and research. The report has analyzedbusiness scenarios, business value, and market space for products of everytechnology type, compared the application of various technology products in thefinancial field, and listed important AI+ financial product evaluationdimensions of financial institutions, providing readers with product valuereference.
This reportmainly analyzes four types of AI+ financial players, which are financialtechnology subsidiaries, AI companies, intelligent hardware companies andInternet giants. Relying on their parent companies’ business and dataresources, financial technology subsidiaries are mostly resource integrators ortask subcontractors in the upstream or midstream of the industry chain. AIcompanies usually provide integrated financial solutions from technology toapplication. They have advantages in algorithms in vertical subdivisionscenarios. Based on existing hardware products, intelligent hardware companiesgradually develop supporting AI+financial software.Taking advantage of their brand effect and Internet industry businessexperience, Internet giants expand businesses and ecological cooperation in thefinancial field.
In terms ofmarket competition, the head financial technology subsidiaries and AI companiesare facing fiercer competition for leading financial institutions. Thefinancial technology subsidiaries in the waist and tail cooperate with AIcompanies to gain more market shares. In terms of market challenges, sinceproblems such as data security and algorithmic black box still exist, measuresneed to be taken to promote the healthy and orderly development of the AI+financial industry. Interms of market opportunities, using natural language processing technology,the application of precise marketing will receive more market attention. Thanksto multi-modal virtual digital human, diverse services might be provided instaff training, customer service and other scenarios.Industrial Opportunities in AI +Financial Scenarios
Influenced byintensified market competition, rising labor costs, stricter market supervisionand other factors, financial institutions represented by small and medium-sizedbanks have rising digital transformation demand in recent years. Businessscenarios such as customer service and operation business optimization, precisemarketing, security and identification, credit risk control and compliancecontrol, insurance claims as well as intelligent investment consulting haveunleashed a large demand for intelligent transformation. On the supply side of AI+finance, computer vision, intelligent speech interaction andconversational AI, machine learning, knowledge graph, natural languageprocessing and other products and functions are improving, which can meet thedigital transformation demand of financial institutions in financialinstitutions.
AI+FinanceDefinition and Categories
AI technology is interdisciplinary that uses data andmodels to provide solutions for current problems. Its main goal is to enablemachines to perform basic repetitive work or even complex work that usuallyrequires human intelligence. In this report, AI refers to subdivisiontechnology of artificial intelligence involved in the development to simulate,extend and expand human intelligence. It includes but is not limited to machinelearning, computer vision, natural language processing, and knowledge graph.Finance here refers to main financial entities such as banks, insurancecompanies, and securities companies. AI application scenarios cover marketing,product design, risk control, Customer service, operation support, and so on. AI+finance is a seriesof solutions for different business scenarios using innovative financialproducts, business models, and business processes based on cutting-edgetechnologies, promoting the high-quality development of financial businesses.
Size of China’s AI+Financial Market
Sincefinancial institutions generally have high information security requirements, alarge amount of data processing, and relatively complete informationinfrastructure, the application of AI technology started early in marketing,compliance, and risk control in the financial field and have gaineddevelopment. According to iResearch, In 2021, thecore AI+financial market sizereached 29.6 billion yuan, driving the related industries to increase by 67.7billion yuan. It is projected that the core market size will reach 66.6 billionyuan in 2026, with a CAGR of 17.6%. The growth of related industries driven byit will reach 156.2 billion yuan, with a CAGR of 18.2%. Financial machinelearning products become a main driver of the market since they can be used inmany business scenarios of financial institutions, and their capabilitiesquickly improve thanks to massive high-quality financial business data. In2021, financial machine learning products account for as high as 42.2% of thecore AI+financial productmarket.
All types of AI+financial products havebeen used in financial businesses. However, different types have differentapplication breadth and business value. Machine learning products are naturallycoupled with financial business data. Used in banks’ form data business, theycan extract form data labels and obtain data features, which can avoidfinancial risks and large losses caused by fraud and risk loopholes. They canalso improve marketing precision to increase revenues. They have a wideapplication range and high application value. Computer vision products can bewidely used in business scenarios such as OCR review, facial recognition accesscontrol, secure payment, and so on. However, since their function is limited tosaving repetitive labor, their product application value is low. From theperspective of product adaptation to application scenarios, AI+financial products aremainly applied in three scenarios, which are credit risk control and compliancecontrol, precise marketing, customer service and operation businessoptimization. The credit risk control and compliance control scenarios mainlyuse machine learning and knowledge graph products. In addition to these twotypes, precise marketing scenarios also need some natural language processingproducts and a small number of intelligent speech interaction andconversational AI products.
CoreIndustry Chain and Map
As the subjectof demand, financial institutions have a greater voice in the AI+financial market. Afintech procurement project usually involves several suppliers. There are fourtypes of suppliers in the AI+financial market: financial technologysubsidiaries, AI companies, intelligent hardware companies and Internet giants.They all compete with each other when facing small and medium-sized financialinstitution customers. Competition between small and medium-sized financialinstitutions is fierce. However, since a lot of them don't have their own techsubsidiaries, they prefer to purchase AI products and solutions; When facinghead financial institution customers, AI companies, intelligent hardwarecompanies and Internet giants compete with each other since they all likejoining hands with financial technology subsidiaries, which have unique statusand resource advantages, to gain more customers.
Table of Contents of the FullReport1.Industry Overview
1.1 Prospect of AI+Finance
1.2 Industrial Opportunities in AI+Financial Scenarios
1.3 Definition and Categories of AI+Finance
1.4 Financial Institutions’ AI Products in the Overall ITArchitecture
1.5 Investment in Financial Institutions IT Construction
1.6 Financing Situation of the AI+Finanical Industry
1.7 Analysis of AI+Finance Policies
1.8 Summary of AI+Finance Policies
2. AI Empowerment
2.1 AI+Financial Market Size
2.2 Product Application
2.3 Dimensions of ProductEffectiveness Evaluation
2.4 Analysis of Subdivision Technology Field
2.4.1 Computer Vision
22.214.171.124 Technical Architecture andApplication Scenarios
126.96.36.199 Analysis of Solvable BusinessPain Points
188.8.131.52 Market Size
2.4.2 Machine Learning
184.108.40.206 Technical Architecture andApplication Scenarios
220.127.116.11 Analysis of Solvable BusinessPain Points
18.104.22.168 Market Size
2.4.3 Knowledge Graph
22.214.171.124 Technical Architecture andApplication Scenarios
126.96.36.199 Analysis of Solvable BusinessPain Points
188.8.131.52 Market Size
2.4.4 Intelligent Speech Interaction and Conversational AI
184.108.40.206 Technical Architecture and Application Scenarios
220.127.116.11 Analysis of Solvable BusinessPain Points
18.104.22.168 Market Size
2.4.5 Natural Language Processing
22.214.171.124 Technical Architecture andApplication Scenarios
126.96.36.199 Analysis of Solvable BusinessPain Points
188.8.131.52 Market Size
3. Business Analysis
3.1 Core Industry Chain and Map
3.2 Evolution of Roles in theIndustry Chain
3.3 Business Analysis of AI Companies
3.4 Business Analysis of Financial Institutions Technology Subsidiaries
4. Case study
5.1 New Landscape
5.2 New Challenges
5.3 New OpportunitiesNov 25 2022
Supported by intelligent technologies, the traditionalrobot industry is transforming quickly. Despite the negative influence ofexternal factors such as the pandemic, in the context of a sluggish economicenvironment, the robot industry still shows strong momentum. In 2021, itsmarket size exceeded 25 billion yuan. Due to the repeated outbreaks of thepandemic, many fields have strong demand for unmanned, automated, intelligentproductivity and labor force. The entire industry is developing healthily. iReserch projects thatthe size of the Intelligent Robot Market in China will be around 100 billionyuan in 2025
Technology anddemand jointly promote the use of robots in other fields. This report focuseson four fields, industry, business service, healthcare and agriculture andanalyses the driving factors, product categories, intelligent functions,advantageous technologies, evolution trends and difficulties in application.The report also shows the intelligent application of robots, the problems thatneed to be solved, and the development trend in current subdivision scenarios
Intelligentadvancement: Improve the performance of self-developed hardware; Empowerhardware by software; On the basis of multi-source perception, use massive datato improve intelligent technology with algorithm as the core; Alleviate thepressure on terminal data processing through the "device-edge-cloud"collaborative architecture. Diversifiedapplication: The simultaneous transformation of product evolution and marketdemand upgrade will expand the application possibilities and increasecategories; It will also break down barriers and realize the full-scenariooperation of robots. Ecological integration: Gathering the resources of allparties in the industry is an important trend in the intelligent robotindustry.Size of the Intelligent RobotMarket
With thedevelopment of technologies such as Speech recognition, Machine vision,autonomous navigation and human-computer interaction, the traditional robotindustry has started rapid intelligent transformation. The size of China’sIntelligent Robot Market reached 16.8 billion yuan in 2020 and exceeded 25billion yuan in 2021. Despite external factors such as the Covid-19 pandemic,the robot industry have strong growth momentum even though the overall economicsituation is sluggish. Due to the repeated outbreaks of the pandemic, manyfields have strong demand for unmanned, automated, intelligent productivity andlabor force. The entire robot industry is developing healthily. iResearch projects thatits size will be around 100 billion yuan in 2025. Compared to industrial robots, the requirement for theintelligence of robots used in non-industrial fields is higher since they havemore chances to directly interact with humans.
Intelligent Robot Industry Chain
Theintelligent robot industry chain is similar to the traditional robot industrychain. In addition to reducers, servo motors, controllers and sensors, the corecomponents of the upstream also include ASIC that reflect the level ofcomputing power. With the upgrade of perception, decision-making, control, andinteraction capabilities of robots, the proportion of software systems andtechnical support in the industry chain will increase. In the midstream, themain body of a robot is the crucial part and is responsible for the robot toexecute commands and moving. However, since the design of the whole machine isdifficult and requires heavy investment, small and medium-sized companiesmainly focus on software technology and have started direct cooperation withsystem integrators.
Intelligent Robot Industry Map
Types of Main Enterprises
Traditionalrobot manufacturers are still the core players of the industry, dominating corecomponent manufacturing.
The join of intelligent technology companies has expanded the usability of robots. Head technology companies pay attention to the robottrack since it can help them expand investment layout and empower their mainbusinesses such as e-commerce and entertainment, which promote the applicationof technology in industry and other fields. Integrators rely on their deepbusiness understanding and integrate resources of multiple parties to providecomplete solutions for the downstream.
Panoramaof Intelligent Robot Application Ecology
Drive Intelligent Advancement of Robots
Independentdomestic R&D of core components means a lot to industry development.Improving the performance of self-developed hardware and breaking foreignbrands' long-term constraints need continuous efforts from enterprises.
Softwareempowers hardware. Enhancethe robot's real-time response to environmental changes, and use data tosupport intelligence technology iteration. On the basis of multi-source perception, use massivedata to improve intelligent technology with algorithm as the core; Alleviatethe pressure on terminal data processing through the"device-edge-cloud" collaborative architecture.
Table of Contents of the FullReport
1 Overview of the Development of China’s Intelligent RobotIndustry
1.1 Definition of Intelligent Robot
1.2 Development History of Intelligent Robot
1.3 Factors Driving Industry Development
1.4 Intelligence of Robots
1.4.1 Environmental Perception
1.4.2 Executive Control
1.4.3 Smart Decision-making
2 Insights into the Development of China’s Intelligent Robot Industry
2.1 Size of the Intelligent RobotMarket
2.2 Financing Situation of Robot Industries
2.3 Financing Situation of SegmentedTracks
2.4 Intelligent Robot Industry Chain
2.5 Intelligent Robot Industry Map
2.6 Types of Players
3 Analysis of Typical ApplicationFields of Intelligent Robots
3.1 Panoramaof the Application Ecology of Intelligent Robots
3.2 IntelligentRobot: Industry
3.2.1 Robots Are More and MoreWidely Used in Industrial Sector
3.2.2 Mobile Robots That CanAdapt to Flexible Scenarios Dominant the Market
3.2.3 It is Difficult to RealizeComplete Replacement of AGV by AMR in a Short Time
3.2.4 Intelligent Control Leadsto Deeper Human-machine Collaboration
3.3 IntelligentRobot: Business Service Field
3.3.1 Gain Insights into Pain Points ofthe Scenarios and Accurately Locate Product Functions
3.3.2 Flexible Adaptation to VariousScenarios
3.3.3 The Benign Closed Loop withTechnology, Product, Capital and Marketing at Its Core Needs Improvement
3.4 IntelligentRobot: Medical Field
3.4.1 Medical Robots Have GreatPerformance in Fields of Diagnosis, Rehabilitation, and Service
3.4.2 The Intelligence Degree is in theEarly Stage
3.4.3 Technology and Business JointlyAccelerate Industry Development
3.5 IntelligentRobot: Agricultural Field
3.5.1 Develop Intelligent AgriculturalRobots to Deal With the Lack of Agricultural Production LaborForce
3.5.2 Unstructured Natural EnvironmentPlaces Higher Requirements on Robots
3.5.3 Two-way Challenges Between Business andTechnology Hinders the Development of Robots
4 Case Study Typical Enterprises in the Intelligent Robot Industry
4.3 Gaussian Robotics
5 Future Trends in the Intelligent Robot Industry
5.1 Intelligent Development
5.2 Diversified Application
The size ofChina’s pharmaceuticalB2B e-commerce market grew rapidly from 2016 to 2021. In 2019, the B2B transactionscale exceeded 100 billion yuan. Purchasingmedicine online has been a primary choice since the outbreak of Covid-19 in2020. In such circumstances, pharmaceuticalB2B e-commerce is growingrapidly andits market size reached 207.2 billion yuan in 2021. Traditional pharmaceutical companies activelyexpand their B2B businesses. New pharmaceuticalcompanies are playing an increasingly important role in the secondarymarket. It is expectedthat with improving market and policy environment, China’s pharmaceuticalB2B e-commerce market willreach 375.8 billion yuan by 2025.
Pharmaceutical B2B e-commerce is in the midstream ofthe pharmaceutical distribution industry chain. It connects the upstream anddownstream of the industry chain in a new digital way, cutting circulationcosts and improving efficiency. Based on the initiators,pharmaceutical-commercial B2B e-commerce can be divided into government-ledpharmaceutical B2B e-commerce, traditional pharmaceutical wholesale companies’B2B transformation, and third-party pharmaceutical B2B e-commerce platform.Different models have different market characteristics and product systems.efficient pharmaceutical distribution
From the perspective of the macro environment, policyregulation, the Covid-19 pandemic, and technology application are stillunstable, which brings uncertainty to the development of pharmaceutical B2Be-commerce. B2B companies should keep improving themselves to gain long-termand steady growth; From the perspective of industry, the first players have nowseized a lot of resources and the market concentration will increase. TheMatthew Effect will be increasingly prominent. From the perspective of service,relying on their own capabilities and supported by digital intelligence, theB2B platforms will provide diverse services combining ‘pharmaceutical purchaseand sale + X’ to better serve upstream and downstream purchase and sale needs.
Size of the Pharmaceutical B2B e-commerce Market in China
The size ofChina’s pharmaceutical B2B e-commerce market expanded rapidly from 2016 to2021. In 2019, the B2B transaction scale exceeded 100 billion yuan. Aspurchasing medicine online has been a primary choice since the outbreak ofCovid-19 in 2020, pharmaceutical B2B e-commerce has been developing rapidly andits market size reached 207.2 billion yuan in 2021. Currently, pharmaceuticalB2B e-commerce mainly serves pharmacies, clinics and private hospitals. In the future, as the Guideline toPromote High-quality Development of the Pharmaceutical Distribution IndustryDuring the 14th Five-Year Plan Period released by the Ministry of Commerce has contributed to the concentration of the pharmaceutical circulation industry, B2Be-commerce will experiencehigh-quality development. At the same time, as the out-of-hospital market grows fast and its purchase volumesurges, the size of the pharmaceutical B2B e-commercemarket will expand. It is expected that with improving market and policyenvironment, China’s pharmaceutical B2B e-commerce marketwill reach 375.8 billion yuan by 2025.
Industry Chain of Pharmaceutical B2B E-commerce in China
The upstream of China’s Pharmaceutical B2B E-commerceindustry chain includes pharmaceutical companies, medical apparatus andinstrument manufacturers, etc. With the popularity of the Internet and thesupport of payment, logistics and technology platforms, drug circulationgradually shifts to online B2B platforms, enhancing both speed and efficiency.The midstream consists of government-led B2B, B2B transformation of traditionalpharmaceutical wholesale companies as well as third-party B2B platforms. Thedemand side of the downstream includes multiple terminals such as hospitals,clinics and pharmacies. Head pharmaceutical B2B e-commerce companies in theindustry chain mostly rely on scale effect to seize the advantages of upstreamvarieties and downstream resources, realizing the entire industry chain.
Industry Map of Pharmaceutical B2B E-commerce in China
Upstream of the Industry Chain: Transformation and Development ofPharmaceutical Companies
In recent years, since the Chinese government hasattached great importance to the healthcare industry, policies related topharmaceutical circulation have a profound influence. Policies on centralizedprocurement, mass procurement, consistency evaluation, and medical insurancecost control have been introduced successively, influencing upstreampharmaceutical companies. In this round of reform, pharmaceutical companieswill adjust R&D strategies and product structures, actively increase layoutin the field of innovative medicine, and expand product lines with betterefficacy and higher market acceptance. At the same time, falling profits willforce pharmaceutical companies to optimize their sale and promotion models.Digital and professional promotion might be the mainstream.
Midstream of the Industrial Chain: Business Models of PharmaceuticalB2B E-commerce
Based on the initiators, pharmaceutical-commercial B2Be-commerce can be divided into government-led pharmaceutical B2B e-commerce,the traditional pharmaceutical wholesale companies' B2B transformation andthird-party pharmaceutical B2B e-commerce platforms. Among them, thegovernment-led pharmaceutical B2B e-commerce is non-profit and mainly exists asan administrative platform of the government, providing a trading place forboth sides of supply and demand. Traditional pharmaceutical wholesale companiestransforming to B2B companies have first-mover advantages in medicine,warehouse, customer accumulation, and so on. They build Internet platforms tosell medicine online, adopting the business model of pharmaceutical +e-commerce. In addition, many emerging companies have built B2B platforms toenter the pharmaceutical sector, forming another major business model of"e-commerce + pharmaceutical".
Downstream of the Industry Chain: General Structure
To B sales accounted for over 70% ofpharmaceutical circulation Influenced by the Covid-19 pandemic in 2020, thenumber of visits to healthcare institutions reduced. Thus, the growth rate ofTo B sales dropped to 2.7%. However, as the pandemic is gradually undercontrol, the growth rate has increased to 9.9%, indicating that offlinehealthcare demand is rigid and is rising. Healthcare institutions have alwaysbeen a dominant To B sales channel, which is mainly because public hospitalsare the main places where people get medical treatment. In addition, as retail pharmacies are veryconvenient, their sales accounted for a higher proportion in 2020.
Development Trends in the Pharmaceutical B2B E-commerce Industry
China's pharmaceutical B2B e-commerce industry isdeveloping rapidly. Due to the pandemic, people have developed the habit ofbuying medicine online. Relevant policies have stimulated the out-of-hospitalmarket's demand for purchasing, providing favorable conditions for thedevelopment of the industry. However, the macro environment is still unstable.The future of policies and regulations, pandemic control and new technologyapplication are not clear. Uncertain factors related to industry development willexist for a long time. Pharmaceutical B2B e-commerce platforms should improvetheir capabilities, increase product categories, enhance services andstrengthen supply chain logistics construction to gain long-term development.
Tableof Contents of the Full Report
1 Overview of Pharmaceutical B2B E-commerce inChina
1.1 Three Business Models of Pharmaceutical E-commerce in China
1.2 Definition of Pharmaceutical B2B E-commerce inChina
1.3 Policy Background of Pharmaceutical B2B E-commerce in China
1.3.1 Pharmaceutical Circulation Policies Are Increasingly Standard
1.3.2 Multiple Methods Promote Online Pharmaceutical Circulation
1.4 Development Background of China’s PharmaceuticalB2B E-commerce Industry
1.5 Technology Background of Pharmaceutical B2B E-commerce in China
1.6 Logistics Background of Pharmaceutical B2B E-commerce in China
1.7 Development of Pharmaceutical E-commerce in China
1.8 Pain Points of the Traditional Pharmaceutical Circulation Industry
1.9 Core ValuePharmaceutical B2B E-commerce
2 Status QuoofPharmaceutical B2B E-commerce in China
2.1 Size of the Pharmaceutical B2B E-commerce Market in China
2.2 Investment and Financing Related to Pharmaceutical B2B E-commerce in China
2.2.1 Traditional Companies Actively Expand Pharmaceutical B2B E-commerce Layout
2.2.2 Third-party Pharmaceutical B2B E-commerce Companies Are Increasingly Important in the Secondary Market
2.3 Industry Chain of PharmaceuticalB2B E-commerce in China
2.4 Industry Map of PharmaceuticalB2B E-commerce in China
2.5 Competition Between Pharmaceutical B2B E-commerce Companies in China
2.6 Analysis ofthe Upstream of the Industry Chain
2.6.1 Upstream of the Industry Chain:R&D of Pharmaceutical Companies
2.6.2 Upstream of the Industry Chain:Marketing Models of Pharmaceutical Companies
2.6.3 Upstream of the Industry Chain:Transformation and Development of Pharmaceutical Companies
2.7 Midstream of the IndustryChain
2.7.1 Midstream of the Industry Chain:Wholesale Companies
2.7.2 Midstream of the Industry Chain:Value of Pharmaceutical B2B E-commerce
184.108.40.206 Supplier: Promote Channels and ProductMarketing to Enhance Industrial Value
220.127.116.11 Purchaser: Purchasing Chain OptimizationThrough Digital Technologies
2.7.3 Midstream of the IndustrialChain: Business Models of Pharmaceutical B2B E-commerce
18.104.22.168 Government-led Pharmaceutical B2B E-commerce
22.214.171.124 B2B transformation of Traditional Pharmaceutical Wholesale Companies
126.96.36.199 Third-party PharmaceuticalB2B E-commerce Platforms
2.7.4 Midstream of the Industry Chain:Characteristics of the Pharmaceutical B2B E-commerce Market
2.7.5 Midstream of the Industry Chain:Pharmaceutical B2B e-commerceLayout
2.8 Analysis of the Downstream of the Industry Chain
2.8.1 Downstream of the Industry Chain:Overall Structure
2.8.2 Downstream of the Industry Chain:Public Hospital
2.8.3 Downstream of the Industry Chain: Pharmacy
188.8.131.52 Number of RetailPharmacies Keeps Growing
184.108.40.206 Prescription Outflow is aLong-term Trend
3 Case Study of Pharmaceutical B2B E-commerce in China
4 Development Trends in China’s pharmaceutical B2B e-commerce Industry
4.1 Development Trends in thePharmaceutical B2B E-commerce Industry—MacroEnvironment
4.2 Development Trends in thePharmaceutical B2B E-commerce Industry--Industry
4.3 Development Trends in thePharmaceutical B2B E-commerce Industry--Service
Nov 18 2022
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