OCT equipment market is huge, and the gap between Chinese and foreign enterprises is obvious

[market analysis of China Pharmaceutical network] ophthalmic OCT equipment is a fundus disease diagnosis equipment with high image definition at present It is a new imaging diagnosis technology after ophthalmic radiation diagnosis, ultrasound diagnosis and angiography diagnosis I learned that in 1993, OCT technology was used to image the structure of retina in vivo Experts said that compared with other imaging technologies, OCT can provide living tissue morphology images with micron resolution Therefore, it has become an attractive cutting-edge technology in the medical field There are many raw materials or parts used for ophthalmic OCT equipment and many upstream industries, mainly including hardware, electronic components (switches, circuits, power supplies, electronic display devices, resistors, etc.), optical components (reflectors, filters, polarizers, optical lenses, etc.), rubber, engineering plastics and other industries The downstream industries of ophthalmic OCT equipment include hospitals, clinics, research institutions, optical stores, etc Among them, hospital is the main application field It is understood that from 2013 to 2017, the supply scale of ophthalmic OCT equipment industry in China is growing, but the growth rate is not large On the one hand, the price of ophthalmic OCT equipment is high, and the market demand is limited; On the other hand, with the continuous improvement of the performance level of domestic ophthalmic OCT equipment, the market application began to increase, and the price level of domestic equipment was relatively low, which to some extent lowered the price level of ophthalmic OCT equipment, leading to the slow growth of the industry supply scale According to practitioners, at present, Oct equipment accounts for about 65% of the market volume of Oct The reason is that OCT is about 10 years earlier than cardiovascular Although China's ophthalmic OCT equipment has made great technological breakthroughs after years of development, the technical level of China's ophthalmic OCT equipment industry still lags behind that of foreign countries For the current OCT equipment market, many investors in the field of innovative medical devices think that at the product level, similar to smart phones, the gap between Chinese and foreign enterprises will be smaller and smaller due to the globalization of the supply chain system The main gap between domestic OCT companies and foreign companies is still in the operation and sales system It is reported that a mature device product often needs a complete set of marketing system to support The company should not only be equipped with professional marketing personnel for promotion and operation, but also find agents nationwide Otherwise, if the product can't be sold and the company can't generate cash flow, it's difficult to get financing again This is also the core gap between Chinese and foreign innovative medical device companies It is reported that foreign brands dominate the Chinese market OCT equipment with large market share mainly includes four suppliers, Zeiss, Optovue, TOPCON and Heidelberg The number of ophthalmic OCT equipment manufacturers in China is small, and the level of product performance is low Nevertheless, in this market, domestic competition is still fierce Among them, in the field of medium-sized products, foreign brands such as Heidelberg, Carl Zeiss and TOPCON occupy the leading position; in the field of low-end products, local enterprises represented by Shenzhen Modin impact Technology Co., Ltd have developed to a certain extent On the whole, the competitive advantage of foreign brands in ophthalmic OCT equipment market in China is obvious, while the domestic brands are mainly in price competition In terms of the stock market, the total installed capacity of OCT in 2018 is about 7500 sets, and the annual sales volume is about 1500-2000 sets In terms of incremental market, at present, the demand for ophthalmic OCT equipment of RMB 100 million has two major characteristics: more growth points, RMB 100 million at first and second level, RMB 100 million at private level, and the market of physical examination center, which is expanding rapidly Second, the renewal is fast, the renewal cycle of the third grade a hospital is 4-5 years, and that of the second grade hospital is 6-7 years In this context, the industry expects that the total installed capacity of OCT equipment in China will be more than 35000 in 2025, and the annual sales volume will be more than 6000.