Meituan's foray into medical devices? Several internet giants are entering the market.

2020In the year, the sales scale of China's medical device market was approximately3300hundreds of millions of yuan, accounting for a global market share12%of which the medical medical device market was approximately2690hundreds of millions of yuan, accounting for approximately72.70%。

Wang Xing starts selling medical devices

11Month22Day, held by Wang Xing95%Shanghai Sankuai Technology Co., Ltd., a company holding shares, added an external investment, establishing Shenzhen Baishou Health Information Technology Co., Ltd., with a registered capital of100ten thousand yuan, the legal representative is Zeng Wei, the business scope includes, in addition to technological development and economic trade consulting, also includes"Sales of Class II and Class III medical devices"。

In fact, this is not the first time that Wang Xing has established a company to sell medical devices, marking Meituan's foray into the medical field. Opening MeituanAPPyou can see many services related to medical aspects, such as medical beauty, medical/dentistry, etc.

Dong Lin, general manager of Meituan Dianping Medical and Health Business Department, once stated that Meituan has three major advantages in the medical field: Meituan platform's localized classified information, users have formed a natural trust in Meituan Dianping, and diversified products developed for the medical industry."600 million users,12100 million pieces of genuine reviews,2800county-level cities covered,3300100,000 globalPOIlocations, hundreds of millions of users truly live in this huge life service platform."

In the fields of medical beauty and dentistry, Meituan has achieved significant results. Data shows that in terms of medical beauty, as of2019year6month, Meituan's medical beauty business has covered380core cities, with more than8500cooperative merchants; in terms of dentistry, Meituan has cooperated with7300dental medical institutions, and2018the number of users who placed orders for services throughout the year exceeded22010,000.

Meituan mainly acts as a platform and distributor in the medical field, adhering to Wang Xing's concept of"supply-side digitalization"and selling medical products online.

Internet giants are flocking in

According to the forecast of the China Pharmaceutical Industry Information Center,2019In the year, the scale of China's medical device market will exceed6000hundreds of millions of yuan, with an estimated compound annual growth rate of16.8%. The bright prospects of the medical device market are self-evident, but there are many competitors. This year, a number of internet giants with high user bases have entered the field.

Recently, Baidu and Donghuan Group have started cooperation in Beijing, jointly promoting the implementation of artificial intelligence in key areas such as smart cities and medical and health, and the development of business models.

In the medical and health field, Baidu Smart Cloud will jointly upgrade the cloud-basedHIS(Hospital Information System) with Donghuan Group. BaiduAIwill be fully integrated intoHISproduct system, conducting research and development in hospital intelligence, enabling in-depth application of medical big data in the pharmaceutical and insurance industries.

At the same time, we will jointly establish an AI-based“CDSS(Clinical Decision Support System) task force"to promote the application of AI-assisted decision-making systems in medical institutions.

This year3month, Qichacha data shows that Shenyang Donghuan Medical System Co., Ltd. has undergone business changes, and new shareholders include Baidu Online Network Technology (Beijing) Co., Ltd., with Baidu's subscribed capital contribution of2252.0143ten thousand yuan. In addition, business relations show that the business scope of Shenyang Donghuan Medical System Co., Ltd. has added businesses such as in-vehicle medical equipment, and the legal representative is Liu Jiren, chairman of Donghuan Group.

Similarly, in3month, Tencent and Philips (China) Investment Co., Ltd. reached a research cooperation agreement in the field of intelligent medical care, and both parties will start from the clinical needs of hospitals to jointly promote the research and development of electronic colposcopyAIassisted diagnosis system.

9Month16Day, the business scope of Jiangsu Safe, a company controlled by JD.com founder Liu Qiangdong, has been changed, addingClass IIImedical device wholesale and sales, soft, hard, and shaping contact lenses, and sales of care solutions.

As a“BAT”member, Alibaba10at the end of the month and11in the middle of the month, through its subsidiary Ali Network, obtained9.39%of the shares of Fujian-based Meinian Health through equity transfer, becoming the second largest shareholder with a total capital investment of72.63hundreds of millions of yuan. This is another major move by Alibaba after acquiring Aikang Group at the beginning of2019year, bringing the two giants in the health check-up industry under its control.

On10Month27day, Fujian Meinian Great Health announced that Alibaba had subscribed for18.4hundreds of millions of yuan in non-publicly offered shares of Meinian Health, obtaining4.06%Shares; Alibaba Network becomes the largest shareholder of Meinian Health. Ma Yun has also publicly stated on different occasions that the most likely area to produce the nextBATlevel enterprises,is medical health.

Medical devices enter the fast lane

The influx of capital giants also reflects the huge development potential of China's medical device market.

Currently, the market for household medical devices is developing rapidly, and with the rapid popularization of the internet, people are increasingly inclined to use online purchasing, a quick and convenient way to buy medical devices.

According to data,2018the total market size of medical devices in retail pharmacies annually is741hundreds of millions of yuan, accounting for12.1%of the overall retail pharmacy market share. Among them, the scale of online pharmacy devices is approximately507hundreds of millions of yuan, occupying68.4%of the market; the scale of physical pharmacy devices is approximately234hundreds of millions of yuan, accounting for31.6%。

In the retail pharmacy medical device market, the scale of online pharmacies is far greater than that of physical pharmacies. Online pharmacies have become the main battlefield for household medical device products, able to meet the needs of families and individuals.CThe door to the end market is gradually opening.

As Li Xiting, chairman of Mindray Medical, a giant in the medical device industry, said,2018years before10years were the"golden decade"，2018for the development of pharmaceuticals; after that, it is the time for medical devices"golden decade"。