Five national departments issued documents to support these medical devices

New growth points for consumption in the medical field announced: integration of cutting-edge technologies, social medical services, silver economy

The country has clarified the new medical consumption scenarios：Brain computer interface, digital twin named

Recently, the National Development and Reform Commission, the Ministry of Commerce and other five departments jointly issued the Measures on Creating New Consumption Scenarios and Cultivating New Growth Points in Consumption.

The Measures mentions that it is necessary to promote the development of healthy consumption, including the research and development of medical equipment and health products that integrate digital twins, brain-computer interaction and other technologies. At the beginning of the year, the Implementation Opinions of the Ministry of Industry and Information Technology and Seven Other Departments on Promoting Future Industrial Innovation and Development clearly included the research and development of high-end medical equipment that integrates advanced technologies such as digital twin brain computer interaction in the forward-looking deployment new track. In the Notice on the Implementation Plan of the” Robot+”Application Action jointly released by the Ministry of Industry and Information Technology and 17 other departments, it is mentioned that in order to meet the rehabilitation treatment needs of neurological damage, post injury cognitive impairment, paralysis assistance, etc., breakthroughs will be made in technologies such as brain computer interaction to develop assistive robot products for injury rehabilitation. Financial support is also gradually being implemented.

The Action Plan of Beijing to Accelerate Collaborative Innovation in Medicine and Health (2024-2026) proposes that by 2026, the total scale of the medicine and health industry will reach 1.25 trillion yuan (the operating revenue of the medicine industry will reach 240 billion yuan), and the fixed assets investment will be more than 10 billion yuan per year, including accelerating the output of achievements in fields such as brain computer interface. The Action Plan for Innovation and Development of the Robot Industry in Jiangsu Province proposes that by 2025, the scale of the robot industry chain in the province will reach around 200 billion yuan, and the core industry of robots will reach over 25 billion yuan. Accelerating the integration of cutting-edge technologies such as humanoid robots and metaverse, brain computer interfaces, etc. has been listed as one of the key tasks. It is also clearly mentioned in the Measures this time that relevant departments and localities will be supported to collaborate in carrying out policy-based pilot demonstrations and practical explorations, to strengthen comprehensive financial support for bulk consumption and service consumption, and to reasonably reduce the cost of land for enterprises in the field of consumption and systemic transaction costs in accordance with the law and regulations.

Supporting the high-end of social medical services

Another boost for the silver-haired economy

The Measures also mentioned encouraging regions and medical institutions with conditions to provide special medical services and supporting social forces to enter the high-end medical service field. In recent years, non-public healthcare has received many favorable policies, such as the gradual relaxation of configuration standards for large equipment, which has brought considerable room for expansion in the medical equipment industry. Large-scale equipment upgrading is now in full swing from top to bottom, with socially run healthcare as one of the beneficiaries. The Measures support the development of social medical services towards high-end development, and the potential for high-net-worth medical consumption will be unleashed, and the demand for large-scale equipment allocation will also rise. At present, large-scale equipment updates are being comprehensively promoted from top to bottom, and social medical services are also one of the beneficiaries. In April of this year, the Beijing Development and Reform Commission’s Implementation Plan for Further Strengthening Loan Subsidies for Equipment Procurement and Renewal in Key Fields clearly states that the procurement and renewal of equipment related to diagnosis and treatment, clinical testing, critical illness, rehabilitation, scientific research transformation, etc., organized by social capital in comprehensive hospitals, specialized hospitals, traditional Chinese medicine hospitals, and grassroots medical and health institutions, will be listed as specific investment areas. The Measures supports the high-end development of social medical services, unleash the potential for high net worth medical consumption, and increase the demand for large-scale equipment configuration. In January of this year, the General Office of the State Council issued the Opinions on Developing the Silver Hair Economy and Enhancing the Welfare of the Elderly (referred to as the “Opinions”), promoting the widespread attention of the medical industry to the Silver Hair Economy. In January of this year, the General Office of the State Council issued the “Opinions on Developing the Silver Hair Economy and Enhancing the Welfare of the Elderly” (referred to as the “Opinions“), promoting the widespread attention of the medical industry to the “Silver Hair Economy”. The China Aging Science Research Center predicts that the current scale of China’s silver economy is about 7 trillion yuan, accounting for 6% of GDP. By 2035, it will reach 30 trillion yuan, with a compound annual growth rate of 15.7%. One of the key tasks of this measureis to expand the new scene of silver hair consumption, covering specific contents such as promoting the upgrading of rehabilitation aids, developing health management, elderly care monitoring, and psychological comfort intelligent products. It encourages medical and health institutions with conditions to extend services to communities and households. With the deepening trend of aging in China, the demand for medical devices related to the elderly population will continue to rise. In addition to the rehabilitation assistance mentioned above, products such as pacemakers, hearing aids, and electrocardiogram monitoring also have development potential. With the plan of extending medical services, their sinking markets are also expected to be revitalized. Based on the cultivation of new consumption scenarios created by the country, new market growth points for the medical device industry are emerging

China is encouraging China end uses for more domestic products in latest years. Thus, more and more overseas manufacturers are planning localization in China. BradyKnows localization team has extensive experiences in facility establishment, audit, supplier evaluation, manufacturing, registration, and marketing in China. Pls feel free to let us know any questions on China entry via info@bradyknowsmedical.com

Source：Saibolan Device

Translated & edited：Bradyknow