Radiation medical demand is booming, localization of equipment will speed up

Release date: 2016-03-07

Radiation medical demand is booming, localization of equipment will speed up

In recent years, with the increasing incidence of cancer, nearly 70% of cancer patients need different levels of radiation therapy. Compared with surgical treatment, modern precision radiotherapy has fewer side effects, better therapeutic effect, lower overall cost, etc. A range of advantages. In the future, with the further development of radiotherapy technology and the substantive implementation of policies such as the relaxation and deployment of major medical insurance, China's radiology medical market will show an accelerated growth trend. The agency expects that the compound growth rate of the radiotherapy industry is expected to remain at 25% to 30% in the next three to five years.

Recently, "CA: Clinician Cancer Journal" published the 2015 cancer statistics released by the National Cancer Center. The latest research estimates that there were about 4.292 million new cancer cases and 2.814 million cancer deaths in China in 2015. According to statistics from the National Cancer Registry, there were 3.372 million new cancer cases in 2014, and about 2.2 million cancer deaths in China in 2012, showing an increasing trend year by year.

It is worth noting that according to medical statistics, 80%-90% of early cancers can be cured. According to the China Cancer Registry Database, about 60% of cancer deaths in China can be prevented and avoided, which is higher than 30%-40% in developed countries. Therefore, PET/CT diagnosis as an important means, early diagnosis based on hospitals, physical examination centers and third-party imaging centers will become the main path of cancer prevention and control in China, and there is huge room for future development.

PET/CT is a breakthrough in the development of high-end imaging equipment in China. Considering the high incidence and high lethality of tumors in China, China's demand for PET/CT equipment is huge. PET/CT represents the highest level of development of contemporary medical imaging technology and an important milestone in the development of medical imaging. It accurately displays the anatomical structure of the human body and the functions, metabolism and biochemical images of the human body, enabling doctors to obtain the most comprehensive information on the organization and function of various organs of the human body. It has become a modern medical institution for tumors, cardiovascular and cerebrovascular diseases. High-tech imaging diagnostic equipment, which is indispensable for the diagnosis, localization and efficacy evaluation of major diseases such as the nervous system, is a typical "precise medical" equipment.

At present, there is a big gap between China's radiology field and mature foreign markets. The more developed the economy and the more advanced the medical concept, the higher the proportion of patients using radiotherapy, of which 63% in the United States and less than 20% in China. There are only 1.1 radiotherapy equipment per million people in China, which is 1/10 of that in the United States. China has a gap of 5 to 10 times compared with the international average in the amount of radiotherapy and diagnostic equipment.

In addition, China's high-end medical imaging equipment represented by PET/CT is completely dependent on imports and has been monopolized by the products of multinational companies for many years. The imported equipment is expensive and the maintenance cost is high, which causes the clinical diagnosis cost to remain high, which increases the medical burden of the patient. In the future, with the influx of private capital and the gradual liberalization of policies, investment in PET-CT (MRI), medical accelerators, gamma knives and proton therapy equipment is expected to increase. The domestic large-scale medical equipment industry will usher in the spring, and the pace of import substitution will be further accelerated.

Source: Shanghai Securities News

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