The rapid rise of medical and health market and the growth of domestic financing

[pharmaceutical Station market analysis] the global medical industry is developing rapidly in recent years Take medical devices as an example, in 2017, the global medical device market size has exceeded 400 billion US dollars It is preliminarily estimated that the global medical device market size in 2018 is 427.8 billion US dollars, and it is estimated that the scale will exceed 450 billion US dollars in 2019 As far as the Asian market is concerned, some experts point out that Asian medical technology is rising, accounting for 23% of the global market According to the forecast, by 2023, Asia will surpass Europe and become the second largest regional market in the world During this period, Asia will also become the main growth engine of global medical technology market, contributing 35% incremental growth The medical industry is regarded as a sunrise industry by many people The investment and financing situation in this field is also an event that enterprises and investment institutions pay more attention to Some reports pointed out that in the quarter of 2019, the financing situation in the field of medical and health tends to be flat, and the financing events and amount increase less year-on-year However, it is also believed that the health care sector will continue to grow in the quarter of 2019, with a total global financing of US $8.94 billion and 311 financing events, up 25% year-on-year In fact, no matter whether the growth trend is moderate or how much financing events increase, the development prospect of medical and health undertakings is more optimistic Not only that, the state also gives corresponding policy support For example, the establishment of the state health insurance bureau, the health commission and the State Food and Drug Administration in 2018 indicates that the reform of medical and health services has entered a new stage, which will also have a new impact on the development of medical and health services in 2019 Another example is the establishment of science and technology innovation board, which focuses on biomedicine and promotes the biomedical industry to a new level According to the industry, the change of policy affects the adjustment of capital investment direction Looking at the investment and financing market in the quarter of 2019, behind the change of financing events and financing amount is the adjustment of attention in various subdivisions of medical health and the change of corporate financing rounds At present, the total amount of financing in the United States is 1.9 times the total amount of financing in all other countries, which shows the leading position of the United States in the field of health care At the same time, although there is a certain gap between the total amount of financing and the number of events in China and the United States, it is also significantly higher than other countries in the world, indicating that China's health care is constantly improving and improving In addition to the support of national policies, the medical and health sector is also integrating innovative technologies and constantly expanding the medical and health market According to a Market Research Report, the medical market is expected to grow from $667.1 million in 2016 to $7988.8 million in 2022, while the corresponding annual growth rate during this period is 52.68% It is expected that several major factors driving AI in the medical market include the growing big data in the medical industry; AI's ability to improve the diagnosis and treatment results of patients; the imbalance between medical manpower and patients; the reduction of medical costs; the growing importance of medical care; cross industry partnerships and a substantial increase in venture capital, etc The application of AI software in medical system includes generating insight, intelligent medical image, drug discovery, inpatient care and hospital management, virtual assistant, medicine, lifestyle management and detection, patient data and risk analysis and research In the future, the medical and health industry will continue to be an area of concern to capital For the market of medical and health industry, many people say that the market is becoming more mature, and they are also looking forward to it For China's medical and health enterprises, they need to pay attention to product research and development and market development at the same time of continuous development and growth, in line with the national policy regulation and control trend of the medical and health industry, and seize the opportunity.