Glucose meter monitoring industry research: the market is far from saturated

The global diabetes population is huge, and the number of diabetic patients in China ranks first in the world. According to IDF statistics, in 2014, there were 387 million people with diabetes worldwide, and medical expenses for diabetes reached 612 billion US dollars, accounting for 11.1% of global medical expenditure. Among them, there are 138 million people with diabetes in the Western Pacific, and the number of Chinese patients is 69.8%, reaching 96.29 million, ranking first in the world, nearly five times more than in 2000, and there are about 70 million people with impaired glucose tolerance (pre-diabetes). It is estimated that 120-1.5 million patients will be added each year. By 2035, the number of diabetic patients in China is expected to reach 143 million, and the market space is huge.

The penetration rate of blood glucose testers in China is much lower than that in developed countries, and the market for blood glucose testers is huge. At present, the overall market for blood glucose monitoring systems in China is about 5 billion, but the penetration rate is only 20%. Compared with the penetration rate of 90% in developed countries, there is still huge room for growth. Even with the global average penetration rate of 60%, there is still Great development potential. At the same time, with the increase of medical expenses in China and the improvement of residents' awareness of diabetes, China's blood glucose tester market is expected to enter an explosive growth period.

Traditional blood glucose meter manufacturers leverage mobile internet technology to create a closed loop of diabetes management. With the continuous maturity of mobile Internet technology, the use of cloud computing and the arrival of the era of big data, the traditional blood glucose detector company has not satisfied the purely as a manufacturer of blood glucose detectors, and is moving towards a "hardware + service" business model. On the basis of providing high-quality equipment, the patient's blood glucose data is uploaded to the cloud for analysis, and the doctor-side doctor gives a professional diagnosis and treatment opinion. The patient can manage diabetes daily through the mobile phone APP. Through this new model, you can increase user stickiness and enhance the competitiveness of manufacturers.

Investment Advice. As the largest country with diabetes patients, China has a broad market, and the market penetration rate of blood glucose meters is only 20%. There is still huge room for improvement. Recently, the “Thirteenth Five-Year Plan” in the pharmaceutical industry and medical and health has identified high-performance medical devices as key breakthrough areas. We are optimistic about the development potential of the blood glucose meter market, and we are recommended to pay attention to: Sannuo Bio.

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