laitimes

2023 China AI medical device industry market prospect and investment research forecast report

author:China Business Intelligence Network

China Business Intelligence Network News: The Chinese intelligent AI medical device market will continue to grow rapidly in the next decade. From the perspective of capital heat and market scale, AI medical imaging is the forefront of AI medical commercialization. The artificial intelligence medical device market has broad prospects. Artificial intelligence technology brings great opportunities for the development of the device industry.

1. Definition of AI medical devices

AI medical devices refer to medical devices that use artificial intelligence technology. Specifically, AI is used in medical imaging diagnosis, chronic disease management and lifestyle guidance, disease screening and pathology research, drug development, and in precision medicine, medical devices that help fill the difference between genotype and phenotype.

Second, the classification of AI medical devices

2023 China AI medical device industry market prospect and investment research forecast report

Data source: China Business Industry Research Institute

Third, AI medical device industry development policies

The medical device industry is highly valued by governments at all levels and supported by national industrial policies. The state has successively issued a number of policies to support the development of the AI medical device industry, and the development of the AI medical device industry such as "Opinions on Further Improving the Medical and Health Service System" and "Notice of the State Food and Drug Administration on Printing and Distributing the 2021 Medical Device Industry Standard Formulation and Revision Plan Project" provides broad market prospects.

2023 China AI medical device industry market prospect and investment research forecast report

Fourth, the development status of AI medical device industry

1. Market size

In recent years, the scale of the global AI medical device market has maintained a growth trend. At present, the mainland is still in its infancy in this sector, and with the support of the mainland's policies, the AI medical device industry will usher in benefits. The global market was valued at $721 million in 2022 and is expected to reach $1.6 billion in 2023.

2023 China AI medical device industry market prospect and investment research forecast report

2. Market structure

In China's AI medical device market, the diagnostic field is the largest market segment, accounting for 47.70%, followed by treatment with 18.10% and rehabilitation with 14.10%.

2023 China AI medical device industry market prospect and investment research forecast report

3. AI medical device market in the field of ultrasound equipment

Driven by a number of favorable factors such as the gradual entry of mainland ultrasound diagnosis and treatment into clinical departments, and the rapid development of the mainland ultrasound equipment industry, and the continuous expansion of AI application boundaries, continue to open up new market space. In 2022, the market size of ultrasound equipment AI medical devices will be 11.4 billion yuan, and the market size will reach 12.9 billion yuan in 2023.

2023 China AI medical device industry market prospect and investment research forecast report

4. Hemodialysis AI medical device market

Hemodialysis AI medical devices are clinically used in hemodialysis treatment, hemofiltration treatment, hemodialysis filtration treatment, sequential dialysis treatment, and simple ultrafiltration treatment, and are mainly used in nephrology and blood purification centers of hospitals at all levels. Data show that the market size of hemodialysis devices will be 3.233 billion yuan in 2022 and 3.422 billion yuan in 2023.

2023 China AI medical device industry market prospect and investment research forecast report

Source: Frost & Sullivan, China Business Industry Research Institute

5. Key enterprises in the AI medical device industry

1. Hypothetical medical treatment

Founded in 2016, Imagine Medical Technology Co., Ltd. focuses on the field of AI medical care, adopts the strategic layout of "one horizontal and one vertical" and "internationalization" to create a three-dimensional product line, comprehensively covering major diseases of the lungs, cardiovascular and cerebrovascular, breast, bone and joints and other parts and organs, and at the same time uses artificial intelligence deep learning technology to develop multiple platforms to provide customers with intelligent solutions for the whole process of medical treatment of "screening, diagnosis, treatment, management and research".

Financing: At present, Imagine Medical has completed 7 rounds of financing, with a total financing amount of more than 1.4 billion yuan. In the first quarter of 2021, the revenue was 22.12 million yuan, and the gross profit was 19.31 million yuan.

Operating conditions: Gross profit in the first quarter of 2019, 2020 and 2021 was 4.997 million yuan, 22.65 million yuan and 19.31 million yuan, respectively. The losses in 2019 and 2020 were RMB402 million and RMB587 million, respectively.

2023 China AI medical device industry market prospect and investment research forecast report

Data source: Imagine Medical, China Business Industry Research Institute

In terms of products, the main products of Presumptive Medical include InferRead medical imaging comprehensive solutions. It mainly corresponds to screening diagnosis, treatment management, and medical research.

2023 China AI medical device industry market prospect and investment research forecast report

Source: Imagine Medical, China Business Industry Research Institute

2. Mindray Medical

Mindray was founded in 1991 and is located in Shenzhen. Mindray's main business covers three major areas: life information and support, in vitro diagnostics, and medical imaging. The product models involve more than 100 items, and can provide 18 traceable packages and more than 120 biochemical immunological reagent projects, which can provide suitable laboratory overall solutions for the needs of different medical institutions.

Mindray Healthcare discloses its 2022 Annual Report. According to the report, Mindray achieved operating income of RMB30.37 billion in 2022, a year-on-year increase of 20.2%, and has achieved revenue growth of more than 20% for five consecutive years, and net profit attributable to owners of RMB9.607 billion, a year-on-year increase of 20.1%.

2023 China AI medical device industry market prospect and investment research forecast report

Data source: the company's annual report, China Business Industry Research Institute

2023 China AI medical device industry market prospect and investment research forecast report

Data source: the company's annual report, China Business Industry Research Institute

3. United Imaging Medical

Founded in 2011, United Imaging Medical is committed to the development and production of high-performance medical imaging equipment, radiotherapy products, and life science instruments. Provide digital and intelligent solutions for medical care. United Imaging Medical not only cooperates with many top hospitals in China to tackle the diagnosis and treatment of major diseases; It also cooperates with world-renowned universities and scientific research institutions such as Yale University, University of California, Davis, University of Washington School of Medicine, Fujita University Hospital of Health and Health, and Nantohoku Hospital of Japan to explore forward-looking medicine and build a global innovation community.

Data show that in 2022, United Imaging Medical will achieve operating income of 9.238 billion yuan, a year-on-year increase of 27.36%, and a net profit attributable to shareholders of the parent company of 1.656 billion yuan, a year-on-year increase of 16.86%.

2023 China AI medical device industry market prospect and investment research forecast report
2023 China AI medical device industry market prospect and investment research forecast report

4. Leebang Instruments

Shenzhen Libon Precision Instrument Co., Ltd. was established in 1995, located in Pingshan District, Shenzhen, is a professional medical electronic instrument and equipment supplier integrating R&D, production, sales and service and having the right to import and export. The company is committed to the research and development and production of obstetric monitoring equipment, multi-parameter monitoring equipment, ultrasound diagnosis equipment, electrophysiology equipment and other equipment products.

Data show that in 2022, the total operating income will be 1.742 billion yuan, a year-on-year increase of 6.48%; The net profit attributable to the parent was 233 million yuan, a year-on-year increase of 0.67%, and the net profit of revenue increased double.

2023 China AI medical device industry market prospect and investment research forecast report
2023 China AI medical device industry market prospect and investment research forecast report

5. Open a bio

Shenzhen Kai Biomedical Technology Co., Ltd. was established in 2002, the main products are HD-550 electronic endoscope system has been approved by the US FDA, electronic duodenal endoscope has been approved by Guangdong Provincial Food and Drug Administration, and pneumoperitoneum machine has been approved by Guangdong Provincial Drug Administration.

Data show that in 2022, the company will achieve operating income of 1.763 billion yuan, a year-on-year increase of 22.02%; The net profit attributable to shareholders of the listed company was 369.8 million yuan, a year-on-year increase of 49.57%; The net profit attributable to shareholders of the listed company, net of non-recurring profits and losses, was 342 million yuan, a year-on-year increase of 103.81%.

2023 China AI medical device industry market prospect and investment research forecast report
2023 China AI medical device industry market prospect and investment research forecast report

Sixth, the development prospect of AI medical device industry

1. Government policies are conducive to the development of the industry

The mainland has successively issued important documents such as the 14th Five-Year Plan for the Development of Medical Equipment Industry and the Notice on Organizing and Carrying out the Unveiling of Artificial Intelligence Medical Device Innovation Tasks, and the medical device industry has become an important direction for artificial intelligence to empower the development of the real economy. As of October 2022, 62 AI medical devices have been approved, covering cardiovascular, brain, eye, lung, orthopedics, oncology and other disease fields.

2. AI medical technology continues to expand scenarios

Identifying pain points, expanding scenarios, and maximizing the value of AI to people is the key to the sustainable development of medical AI companies. In general, there are a large number of scenarios to be explored in the medical AI industry, and with the improvement of regulations and product quality, the role of artificial intelligence in the digital and automated transformation of the medical industry will continue to increase.

3. AI progress drives the development of the industry

With the further development of AI technology, it will be combined with more medical devices in the future to form a new generation of "AI+ medical device" products, which will be the birth of an emerging industry.

For more information, please refer to the "China AI Medical Device Industry Market Prospect and Investment Opportunity Research Report" released by the China Business Industry Research Institute, while the China Business Industry Research Institute also provides industrial big data, industrial intelligence, industry research reports, industrial planning, park planning, 14th Five-Year Plan, industrial investment promotion and other services.

Read on