Medical network - on November 3, "2016 China medical equipment industry investment and financing blue book" in the 76th session of China's medical equipment (fall) exposition (CMEF 2016 Autumn) was released in shenzhen. According to the blue book, according to data from 2013 to 2015, the domestic medical equipment market investment and financing gradually active, investment amount and transaction are rising fast, in 2015, the domestic market, a total of about 80 cases of medical apparatus and instruments mergers and acquisitions (not including overseas mergers and acquisitions), than 45 rose by 78% in 2013. According to statistics, in 2015, the total size of about $2.9 billion, more than $2013 in 1.1 billion, the rise of 164%.
It is worth noting that the next generation sequencing (NGS) company in 2016, investment in the primary market continue to hot, manufacturers try to from different segmentation cutting the field test, the investment institutions are betting layout. But in the field of regulation speed and future market growth may not recent investment growth is faster, so there may be a part of the investment bubbles. Specifically, IVD intervention equipment and medical data, embedded, accurate imaging diagnostic products is important segment to obtain financing.
China's medical equipment industry is still in its early development, capital, driven by mergers and acquisitions of domestic investment number of mergers and acquisitions will maintain rapid growth. Blue book points out that in the national policy support, investors to actively participate in and under the background of growing market demand, the domestic medical equipment industry will enter the rise of the golden age.
Through research, the future there may be a large investment opportunities of eight "draught" field include: medical instrument IVD (including POCT and NGS), home medical equipment, cancer center, high-value consumables, medical robots (300024, shares) and artificial intelligence, rehabilitation equipment and instruments, third-party support services, and to "medical data" as the core, the equipment + Internet, equipment, equipment + + data services such as sharing the medical model. In these areas forward-looking layout of enterprises will get investors concern, is more likely to become the unicorn.
Blue book also pointed out that the future Chinese investment and financing will present the following trend of medical apparatus and instruments. First, the reform direction of basic industry in recent years policy toward a higher international traffic levels, for the next few years the domestic enterprises to international laid a certain foundation. Co., LTD., after all, the domestic market, the domestic enterprise's internationalization is an inevitable trend, the outstanding product will be further developing countries, and even into the European and American developed country's home market. In this process, the international merger and acquisition is an indispensable means, and the enterprise's own management level, the degree of internationalization and the construction of the quality system is the key factor that decides the success or failure of the merger and acquisition, the successful completion of the process of enterprise will stand out.
Second, the domestic enterprise merger and acquisition tide is about to begin. Both production enterprises and circulation enterprises in the field of national medical apparatus and instruments is far greater than the number of European and American developed countries, and generally small, single, in the future regulation, operations, finance, marketing and other aspects of access standards will be more and more high because of the rise of giant, extrusion for small businesses, so companies actively clannishness and passive acquisition is inevitable trend. And in the primary market, thanks to years of investment is relatively active, if the future domestic listed standard without significantly relaxed, can be expected to eventually through the limited number of companies listed out, and in the vast number of failed the listed out in the enterprise, some innovative degree is high, but the sales channel of outstanding enterprises limited, this will also from two aspects of supply and demand to stimulate the growth of mergers and acquisitions.
Third, IVD become a hot field of mergers and acquisitions. Deals 2014-2014 in the case of the $50 million investment in mergers and acquisitions, proportion of IVD a quarter and a third respectively, become in recent years, mergers and acquisitions are the most active niche. Specific view, investment object contains the blood cells, DNA testing and test analysis, etc., mainly concentrated in the aspect of IVD reagent.
Fourth, the capital into the pharmaceutical industry. Some other industry enterprises have sprung up in 2015, spent heavily to enter the relevant market of medical equipment, such as huaye capital (600240, shares) acquisition of chongqing jie, medical treatment, yun sheng medical Tracy McGrady (600767, shares) acquisition of Beijing, such as, shows there is a huge market potential for medical devices industry.
Fifth, investment in mergers and acquisitions more frequent, more investment. Took place in 2013-2015, medical equipment acquisition case 45, 69 and 80, respectively show the number of mergers and acquisitions investment increased year by year; More than $50 million deal with 2, 8 and 15, mergers and acquisitions investment scale is bigger and bigger. Medical equipment industry in the development stage, further consolidation is inevitable, enterprise investment and mergers and acquisitions will be more frequent.
Sixth, medical apparatus and instruments listed companies become the main medical equipment field of investment and financing. In fact, many listed companies have set up their own buy-out funds, some still rely on their own accumulated in the local, to start building incubators, make innovation share their registered enterprises, the production and circulation of resources, but now everyone in the state of groping, many companies are also looking for suitable investment and financing way of participation, the future with the listed companies to gradually familiar with this process, formed their own unique style, scale of investment and financing will be more to a new step. |
