Analysis of the current market situation and development trends of the medical imaging equipment industry in China (Rencheng Medical)

In recent years, the great health industry has developed rapidly. Medical imaging equipment is the leading sub-sector of China's medical device industry, and the overall scale of the medical device industry has exceeded 445 billion RMB.

Estimated Revenue Scale of Medical Imaging Diagnosis in China

Ultrasound: Dual Drivers of Market Expansion and Import Substitution

The turning point of the ultrasound market appeared in 2016. High-end, professional ultrasound and the expansion of the primary market have injected new vitality into the market. In 2017, the scale of China's ultrasound market reached approximately 8.4 billion yuan. Market demand has not yet reached saturation. Even after saturation, the annual renewal market is expected to reach a scale of 10 billion yuan. Domestic ultrasound has basically completed import substitution in the primary market and low-end products, while high-end products and specialized products are becoming increasingly rich and are gradually being recognized by the market, able to meet more than 90% of clinical needs, and the import substitution process is progressing well.

Endoscopy: Domestic Brands Show New Potential, Vast Room for Import Substitution

China's endoscopy market reached approximately 20 billion yuan in 2017, mainly monopolized by three Japanese giants: Olympus, Fujifilm, and Pentax. Domestic enterprises mainly focus on hard endoscopes with lower Price, and their market share is less than 5%. With the launch of high-definition endoscopy systems by Kailite Medical and Shanghai Auhwa in 2016 and 2018, import substitution of soft endoscopes is about to begin. In the short to medium term, the high incidence of digestive diseases, increased public awareness of screening, and the promotion of active capsule endoscopy as a means of health checks and early disease screening continue to stimulate the expansion of the endoscopy market. In the long term, the extension and development of endoscopy technology and the standardization of training for endoscopy doctors will maintain high growth in the endoscopy market. The endoscopy market has high barriers to entry, and core components still largely depend on imports. Domestic enterprises may gradually achieve import substitution.

Remote Film Reading: Focusing on Primary Level, Rapid Market Expansion

Remote film reading imaging services focus on the "primary level," aiming to solve two problems. On the one hand, the cultivation and development of doctors in China are uneven, and there is a lack of high-end talent. On the other hand, experienced imaging doctors are overly concentrated in high-level hospitals in first- and second-tier cities, resulting in a low level of medical imaging in many medical institutions. Remote film reading has a light asset operation model and low market barriers, attracting numerous participating enterprises.
With the improvement of network technology, when transmission speed no longer becomes a bottleneck, remote imaging diagnosis will become possible. The emergence of freelance online diagnostic doctors will save hospitals from investing in personnel welfare, training, management, and housing for imaging doctors. Doctors who obtain online diagnostic qualifications can complete all the examination reports that do not require on-site operation, greatly reducing expenses while improving the level of imaging diagnosis.

With the continued deepening of network construction, firstly, the network connection between major hospitals within and between cities will greatly improve the level of imaging diagnosis through online consultations, enabling different hospitals to have the same level of imaging diagnosis. Especially in remote areas and rural areas, through the construction of remote radiology and e-hospitals, high-level medical services from the country and even the world can be shared, thus significantly improving the medical level of patients in remote areas.

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To better serve everyone under the above conditions, the existence of an imaging workstation is necessary. Rencheng Medical Imaging Workstation has met the requirements. Rencheng Medical is a technology-based enterprise specializing in color ultrasound equipment, color ultrasound probe repair, maintenance, and service. Since its establishment nearly 10 years ago, Rencheng Repair Company has directly served nearly 100 hospital end customers in Guangdong Province and provided related maintenance and upkeep of color ultrasound probes, puncture stands, and ultrasound workstations to nearly 1,000 dealer customers nationwide. While actively serving customers, the company also pays special attention to the construction of its own technology and product systems. According to clinical needs, it has developed its own software copyrights and an ultrasound workstation system suitable for post-processing image and text reports of various current color ultrasound devices. It was recognized as a scientific and technological innovation small giant enterprise in 2016 and a high-tech enterprise in 2017. It owns 27 software registration rights, 3 invention patents, and 1 high-tech product. In 2018, 2019, and 2020, it was awarded the "Contract-Honoring and Trustworthy Enterprise" by the Guangdong Provincial Market Supervision and Administration Bureau for three consecutive years.
Rencheng Medical Imaging Workstation Sincerely Recruits AgentsResponsible for providing technical guidance, support, and follow-up service to each franchisee, and opening a 24-hour free after-sales service hotline to serve you at any time.