According to the Tianyan survey data, Gree Electric's business scope has added disinfection instruments, medical instruments, laboratory equipment, etc. In addition, Gree has successively established Zhuhai Gejian Medical Technology Co., Ltd. and Chengdu Gree Xinhui Medical Equipment Co., Ltd.

It is worth noting that Gree is not the only "layman" to enter the medical devices. From Huawei to Haier, from Ali to Tencent, from JD to pinduoduo, more and more "troublemakers" have entered the medical device industry. With the continuous promotion of intelligent AI, Internet of things and 3D printing technology, medical devices with large cake, high unit price and high gross profit margin have become the focus of the layout of the industry giants.

Multi entity industry giants join the medical device industry

In addition to Gree, among household appliance enterprises, Haier, Midea, Hisense, TCL and Changhong have already joined the chess game of the medical industry.

E-commerce giants rush to the beach

In addition to the physical industry, the scuffle of Internet giants in medical treatment is becoming more and more intense. Kwai eye survey shows that Beijing fast start internet information limited, established by 100% of the fast hand Technology Co., Ltd. of Kwai Kong, is established by the company. The company's business scope includes: the first category, the second category of medical device sales, and the third category of medical device business. The company's business scope is third. This phenomenon will increase significantly in 2019. In February 2019, baidu took the lead in entering the field of medical devices. The business scope of Baidu online network technology (Beijing) Co., Ltd. has newly increased the sales of class III medical devices and class II medical devices. In May 2019, HEMA fresh also increased the sales of class III medical devices in addition to class II medical devices in its previous business scope. At the same time, pinduoduo also began to enter the game.

In Jingdong, in May 2019, Jingdong medical department was officially changed to Jingdong health and announced its independent operation. It integrated Jingdong's business segments such as pharmaceutical retail, pharmaceutical wholesale and health city, aiming to build the third largest brand business after Jingdong digital technology and Jingdong Logistics. Six months later, JD health completed round a financing with a valuation of US $7 billion.

Huge space for medical equipment

According to the report on in-depth research and development trend analysis of medical device market data, the scale of China's medical device market in 2017 was 442.5 billion yuan, a year-on-year increase of 20%, more than four times the growth rate of the global market. In terms of market share, medical imaging, in vitro diagnosis, low value consumables and cardiovascular equipment consumables have the highest market share.

The growth rate of China's medical device market significantly exceeded that of the drug market. The report shows that the growth rate of medical equipment is about twice that of the drug market. In terms of the market scale of medical devices and drugs, the developed countries have basically reached 1:1, the global average is about 0.7:1, and the Chinese market is only 0.25:1. There is still huge room for growth in the medical device market. In addition, aging will also bring greater market potential.

From the perspective of the market for household medical devices, the demand for household medical devices will gradually expand in the future based on the problem of population aging and high incidence rate of chronic diseases. At the same time, the demand for medical devices such as medical imaging examination, in vitro diagnostic examination, cardiovascular and cerebrovascular devices and orthopaedic consumables will also continue to grow.

In recent years, the state has frequently issued strong policies in the field of medical devices, especially the priority of domestic procurement of large medical devices and the establishment of review and approval of innovative medical devices, which provide a good environment for the development of enterprises in the field of medical devices.