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    Home > Active Ingredient News > Drugs Articles > The era of great development of health care industry is coming

    The era of great development of health care industry is coming

    • Last Update: 2014-07-22
    • Source: Internet
    • Author: User
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    Source: on July 22, 2014, with the acceleration of China's aging population, capital from all walks of life began to dig for gold in medical care, and China Resources Yuanda fund company also issued the first quantitative medical care theme fund in the public offering industry Recently, the reporter interviewed Li Xiangjie, general manager of Investment Management Department of Cr Yuanda fund and the proposed fund manager of Cr Yuanda medical health quantitative stock fund He believed that the theme of medical health care has long-term investment value Looking for theme investment opportunities to invest in health care, Li Xiangjie started with the trend of China's macroeconomic operation He said that China's economy is saying goodbye to the high growth in the past, and it is unlikely that there will be any large-scale stimulus policies, and the traditional cyclical sector will never be more brilliant Back to the stock market, Li Xiangjie said that despite the pressure of economic growth, the price earnings ratio of the Shanghai Composite Index and the Shanghai Shenzhen 300 index is low enough at present, especially the Shanghai Composite Index [- 0.22%] has a strong support at 2000 points, so the current market generally maintains a range of shocks, which will continue in the absence of increased capital in the market According to Li Xiangjie, the future investment direction is three major theme opportunities with new urbanization as the core, including TMT (information media technology) industry, smart medical industry, and environmental protection and new energy industry In addition, the theme of military industry is also an important direction in the future Li Xiangjie said that because there is unlikely to be a large stimulus policy, and the space for economic exploration is limited, the probability of the long-term fluctuation of the market is large, and the market will present a theme rotation situation in the future According to statistics, from 1950 to 2050, the proportion of people over 65 years old in China's population pyramid structure is expanding In 1950, the proportion of people over 65 years old was only 4.9%, which rose to 21.5% in 2007, and is expected to reach 39.6% in 2050 According to Li Xiangjie, the population is facing aging, and various civilized and chronic diseases of modern people are increasing In the process of urbanization, the demand for upgrading medical resources is expanding At present, unreasonable phenomena such as expensive medical treatment become the basis for the development of private hospitals The combination of many factors will promote the development of health care industry in an all-round way Through the analysis of policy, demand, market value, valuation and investment, Li Xiangjie believes that the long-term investment value of the health care industry is obvious On the policy side, the Chinese government has a complete blueprint for health care reform; on the demand side, individual and government medical expenditures continue to grow; on the market value side, the market value growth potential of major domestic pharmaceutical enterprises is large; on the valuation side, the price earnings ratio of the health care sector is at the historical average level; On the investment side, the long-term performance of pharmaceutical index is better than that of the market, which makes it easy to be recognized by the capital market Specific to the growth rate of the industry, Li Xiangjie believes that in the next few years, the annual revenue of the medical sector can reach 20% growth, and the profit growth rate can reach 30% Under the rapid growth of the industry, it can support the current average price earnings ratio of 37 times The health care industry as a whole has been optimistic for a long time Li Xiangjie said that the health care industry mainly consists of four parts: drug manufacturing, medical services, medical circulation and medical devices, of which medical services and medical devices are more promising Li Xiangjie said that the sales scale of China's drugs is growing rapidly, and there is a lot of room for growth in the future However, due to such reasons as medical insurance fee control and weak R & D, the growth space of China's drug manufacturing and sales is not large, and there is a large volatility Compared with that, the growth of medical services and medical devices is better According to Li Xiangjie, the demand for medical treatment and testing brought by chronic diseases is huge, and the cost of drugs has become the focus of medical reform Hospitals are actively increasing their income by purchasing treatment and testing equipment, and medical devices will become more and more advanced There are a lot of investment opportunities in smart medical devices, wearable devices and other innovations In the medical service market, private hospitals and outsourcing services have strong growth momentum, especially the modern chain operation of private hospitals According to Li Xiangjie, the total scale of China's health service industry is 1.65 trillion yuan, and the proportion of non-public hospital services is less than 10% The State Council clearly proposes that the total scale of health service industry will reach more than 8 trillion yuan by 2020, and the number of beds and services of non-public medical institutions will account for 20% Li Xiangjie also believes that M & A is now popular in the market Last year, the amount of M & A transactions of pharmaceutical listed companies exceeded 20 billion yuan, and more than 30 listed companies were suspended due to acquisition in the past year Continuous M & A is good for pharmaceutical listed companies and the market of the plate  
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