Competition in the third-party medical examination market intensified

Release date: 2016-06-03

Although it currently has the title of “the largest third-party medical inspection institution in the country”, the future road of Golden Field Testing is also thorny.

The reporter learned that last year's Premier Li Keqiang proposed to explore the establishment of a regional inspection and inspection center for public construction and private office assistance for medical reform, which is open to all medical institutions. Therefore, the third-party medical inspection market has begun to enter the explosive growth channel.

According to public information, due to the liberalization of the policy, Yunnan Baiyao (000538, SZ) and Langma Information (300288, SZ) are currently in cross-border layout in this field, and the number of medical inspection institutions has increased dramatically.

Some outsiders believe that since public hospitals themselves have occupied most of the market share in the medical examination market, the competition in the third-party medical inspection market will continue to intensify in the future, and it is very likely that a vicious price war will occur.

Third-party medical inspection market broke out

According to the data, third-party medical examinations, also known as independent medical laboratories, originated in the United States in the 1920s. Because they can centrally detect specimens, save money, and improve diagnostic efficiency and quality, and reduce diagnostic error rates, this Ways have become popular.

"Third-party medical examinations can save the hospital a lot of manpower, financial resources and material resources, and the acceptance is getting higher and higher." Shi Lichen, a senior medical partner of Peking University Group, said that the third-party medical inspection market has witnessed an outbreak in recent years.

This point is also traced in the prospectus of Jinyu Testing. The revenue of Jinyu Testing has grown by leaps and bounds in the past few years. From January to September of 2012, 2013, 2014 and 2015, its operating income was 980 million yuan. 1.36 billion yuan, 1.82 billion yuan, and 1.71 billion yuan.

The investigation report of Soochow Securities also showed that the number of third-party medical inspection institutions in China increased from 216 to 356 in 2015. The report issued by the Prospective Industry Research Institute also stated that the scale of the third-party medical inspection market is expected to be from 2014 to 2020. Maintain 35% to 40% growth, accounting for 7% to 9% of the medical inspection market. In 2015, China's third-party medical examinations accounted for only about 3% of the entire medical inspection market, with a total amount of 7 billion to 8 billion yuan.

Many listed companies have also begun to sprint. In July last year, Langma Information announced that it would jointly invest 30 million yuan with Chengdu New Gene, and set up a company in Guizhou to carry out third-party medical inspection business; the old pharmaceutical company Yunnan Baiyao also set up a third-party testing company Yunnan Tianzheng Testing, which is also The first third-party medical inspection institution established in China based on the pharmaceutical enterprise laboratory.

“For hospitals at the county level and below, the establishment of large-scale testing centers requires expensive costs. Through outsourcing services of third-party medical inspection institutions, intensive testing can be better realized, and medical costs can be further reduced. This is also in line with the original intention of medical reform. "Shi Lichen said.

Shi Lichen said that as the market matures, there will be more capital in the future to build a third-party medical inspection field.

Faced with fierce competition

The reporter learned that at present, the domestic third-party medical inspection market is dominated by Dean Diagnostics, Golden Field Testing, Ai Dikang, and Daan Gene, which account for more than 75% of the entire third-party medical inspection market. As the entry threshold for medical examinations in the future is gradually reduced, the core competitiveness of third-party medical inspection institutions, including Golden Field Testing, will also be challenged.

People including Gao Tejia investment partner Wang Haijun believe that the third-party medical inspection market is a labor-intensive medical service industry. Because of the need to build laboratories, the fixed cost is high, and third-party medical inspection agencies have been stationed. The city's layout, it is difficult to achieve the desired profit level in the short term, but also face a price war.

The reporter also found in the interview that the phenomenon of the layout of several third-party medical inspection institutions in a city is relatively common. For example, in Chongqing, there are gold domain testing, Dean diagnosis, and Xiangya medical laboratory.

Jinyu Testing said in the prospectus that the third-party medical inspection market has higher thresholds in terms of capital, technology and professional talents, which will help the company maintain its competitive advantage.

According to public data, 14 of the 38 subsidiaries and 2 shareholding subsidiaries of GoldenField Testing suffered losses in the performance of 14 subsidiaries and 2 participating subsidiaries. Except for 4 companies including Zhenqiu Medicine and Hangzhou Jinyu, the rest are short-established subsidiaries.

In addition to competition between them, third-party medical institutions also face competition from public hospitals. It is understood that public hospitals occupy the majority of the market share in the medical examination market, and will further force the cost of third-party medical inspection institutions to be high. The statistics of the Health Statistics Yearbook show that the inspection revenue of public hospitals in 2014 has reached 202.58 billion yuan, and the compound annual growth rate from 2009 to 2014 has reached 20.12%.

The reporter learned in the interview that, in fact, the layout of the public hospital system in the medical examination market should not be underestimated. Taking the tandem mass spectrometry screening method for neonatal genetic metabolic diseases as an example, the staff of the Newborn Disease Screening Center of the Children's Hospital of Chongqing Medical University said that the center can also perform tandem mass spectrometry screening and have its own technology.

"Third-party medical inspection agencies are also faced with the problem of quality control before analysis, and the patient's trust index for public hospitals is higher, and it is inevitable at a disadvantage in competition." Shi Lichen said.

Source: Daily Economic News

Disposable Surgical Gown

Disposable Surgical Gown,Medical Isolation Gown,Hospital Disposable Surgical Gown,Nonwoven Disposable Surgical Gown

Xinxiang Huaxi Sanitary Materials Co., Ltd. , https://www.huaximedical.com