It will bring a sharp increase in the medical needs of the deepening of the aging population in China. Also, the prevalence of chronic diseases has increased, expanding the demand for medical resources with the inevitable growth of the urbanization economy whose cost is that more people work and rest irregularly and lack of sports, which will also expand the demand for medical resources.
However, the distribution of public medical resources in China is extremely uneven, existing many serious problems such as low efficiency and high cost. The medical level is related closely to our healthy life and the development of our society. To establish an automatic and shared medical system to reduce the hours of seeing a doctor, optimize the process of seeing a doctor, and fundamentally solve the problems of difficulty to see a doctor. 5G, artificial intelligence and big data are just at the right time. Its application in the medical industry is bound to be expected by people. The promotion of intelligent medical system has become the aspiration of people and the government.
5G Drives Medical Industry
As mentioned above, the distribution of medical levels in China is so uneven that the patients living in the rural have no choice but to be turned to a better hospital, which may miss valuable treatment time and result in more problems to patients and hospitals. The popularization of 5G will break the restrictions between regions and let patients get effective treatment for the first time with the speed improvement of the medical treatment and the cost reduction in time, money, and energy. Since the 5G network supports 20 billion connected devices and 21.2 billion connected sensors at the same time, and its propagation rate is more than 100 times that of the 4G network, 5G breaks through the technical bottleneck of traditional medical treatment. The coverage of 5G network means that all of us are possible to be provided with telemedicine which realizes a high-quality medical treatment of informatization, intelligence, and mobility, perfectly settling the problems of the difficulty in seeing a doctor and uneven distribution of medical resources.
Supported by the Policies
In April 25, 2018, the general office of the State Council issued the opinions on promoting the combination of Internet and medical health, which pointed out that we should improve the medical service system in Internet, meet the needs of medical information sharing and telemedicine, and encourage telecom enterprises to provide the virtual private network to hospitals or medical institutions, to protect the medical-related numbers. In 2019, the work report of the State Council government pointed out that it is necessary to promote the expansion and upgrading of the network to get a faster and more stable network environment, which is beneficial to get a telemedical system with a higher experience.
As the Third-Largest Market of Smart Medical in the World, the Market Scale in China will Continue to Expand
China has become the third-largest market of smart medical in the world just after the United States and Japan, but there is still a gap between the smart medical level of China and that of the United States and Japan. The United States is powerful in the smart medical system with mature industrial development, which possesses advanced medical technology such as the embedded medical devices and surgical robots and occupies 80 percent of the global market share in smart medical.
In recent years, intelligent medical treatment has developed rapidly and its scale has expanded rapidly in China affected by the current situation of medical treatment and the improvement of living standards. In 2018, the market scale of smart medical is about 10 billion USD and the market scale of it, we estimate, will exceed 14.2 billion USD in 2020 under the vigorous encouragement from the government.
The medical information industry is mainly driven by industry leaders whose growth rate has reached about 30 percent, which is much higher than the average growth rate of about 15 percent. And the industry resources are concentrated in industry leaders including Winning and B-Soft.
Zhongshan project, a medical solution of B-Soft, has been recognized by the industry. which was completed in December 2018 with 2,169 family doctors, saving 20-30 minutes on average. It realizes online operation ranging booking registration, payment, and inspection query, and consultation, which has been quickly copied by other enterprises. The construction of regional health informatization has always been one of the strengths of B-Soft whose core products have developed from the information system for the hospital management at the beginning to the clinical information system, and then to the information products in the field of public health. More than 20 years of cultivation in medical informatization, B-Soft has formed a relatively complete product system.
We provide more professional and intelligent market reports to complement your business decisions.
Chinese