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China's high-value consumables industry officially enters the era of volume procurement
2021-07-23
On November 5, 2020, China completed a volume-based procurement of coronary stents, with the average terminal Price of the 10 selected products falling by more than 90%. On April 1, 2021, the National Organization of High-Value Medical Consumables Joint Procurement Office issued the "Notice on Conducting Information Collection for Some Orthopedic High-Value Medical Consumables." This is the second centralized procurement for orthopedics; the first began last November, and a second batch was initiated just months later.
At the local level, as of November 20, 2020, six provincial alliance procurements have been completed or are underway, and provinces and municipalities directly under the Central Government are independently...
2021-07-19
The global medical device industry has maintained strong growth for a long time. In 2020, the global medical device market exceeded \$500 billion, with continued strong demand in both domestic and international markets, driving two-way growth in medical device imports and exports.
2021-07-15
For pharmaceutical companies, there is no doubt that in the next thirty years in China, if we talk about good tracks, the best track is undoubtedly pharmaceuticals. Consumer goods come second, because pharmaceuticals are in a period of high growth for the entire industry. Note that I'm talking about high growth, at least 20% industry growth. Other industries, such as large consumer goods and liquor, do not represent growth for the entire industry, but rather growth in some specific segments. This is still a gap compared to the pharmaceutical industry.
2021-07-07
According to the website of the National Development and Reform Commission, the National Development and Reform Commission, the National Health Commission, the National Administration of Traditional Chinese Medicine, and the National Disease Prevention and Control Bureau jointly issued the "Implementation Plan for the Construction of a High-Quality and Efficient Medical and Health Service System during the 14th Five-Year Plan Period" (hereinafter referred to as the "Plan"). In terms of construction goals, the "Plan" proposes that by 2025, with the joint efforts of the central and local governments, a high-quality and efficient integrated medical and health service system will be basically established, with a complete system, reasonable layout, clear division of labor, complementary functions, close collaboration, high efficiency, and resilience. The level of prevention and treatment of major epidemics and response to public health emergencies will be significantly improved.
2021-07-06
On July 5, Guangzhou MaiPu Regenerative Medical Technology Co., Ltd. (hereinafter referred to as "MaiPu Medical") issued a public announcement on its initial public offering of shares and listing on the ChiNext board. This means that the first company in the market to apply for listing and complete registration in accordance with the second set of listing standards of the ChiNext board is about to begin its issuance process and is ready to be listed on the ChiNext board.
2021-07-05
On July 1, the National Development and Reform Commission issued the "Implementation Plan for the Construction of a High-Quality and Efficient Medical and Health Service System during the 14th Five-Year Plan Period." The plan aims to accelerate the construction of a strong public health system, promote the expansion and regional balanced layout of high-quality medical resources, improve the ability to provide comprehensive and life-cycle health services and guarantees, and promote the inheritance and innovation of traditional Chinese medicine. The plan points out that by 2025, with the joint efforts of the central and local governments, a high-quality and efficient integrated medical and health service system will be basically established, characterized by a complete system, reasonable layout, clear division of labor, complementary functions, close cooperation, high efficiency, and resilience. The level of prevention, treatment, and response to major epidemics and public health emergencies will be significantly improved.
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