Rehabilitation medicine has become a rigid demand industry
As an important part of modern medicine, rehabilitation medical services and equipment can help patients speed up the recovery of physical functions, reduce the recurrence rate, reduce complications, and save treatment costs. "The Lancet" published the first Global Burden of Disease Study (GBD) on rehabilitation (rehabilitation). The study indicated that as many as one-third of the world's population (2.41 billion people) may benefit from rehabilitation during illness or injury. , Rehabilitation medicine plays an increasingly important medical, economic and social value in the medical system.
With the accelerating population aging, the number of chronically ill patients increasing year by year, and the liberalization of the three-child policy, my country has a huge number of people in need of rehabilitation such as pregnant women, patients with mental disabilities, patients with neurological diseases, patients with bone, joint and muscle diseases, and the elderly. This has resulted in a huge demand for rehabilitation medical services and rehabilitation medical equipment.
According to Frost&Sullivan data, from 2014 to 2018, China’s rehabilitation medical device market grew from 11.5 billion yuan to 28 billion yuan, with an average annual compound growth rate of 24.9%. The growth rate is higher than the overall medical device industry market. The scale of the equipment market will grow at a compound annual growth rate of 19.1% to 67 billion yuan in 2023, and the scale will continue to expand.
Weiss Medical is a technological innovation-driven enterprise in China's rehabilitation medical equipment industry. The company mainly provides safe and effective rehabilitation products and overall solutions in the pelvic floor and postpartum rehabilitation, neurological rehabilitation, mental rehabilitation and other sub-fields, including electrical stimulation Rehabilitation medical equipment and products such as equipment, magnetic stimulation, electrophysiology equipment, consumables and accessories, and actively cultivate the rehabilitation robot business.
In terms of marketing, Weiss Medical has established a marketing center and a marketing support center, and established a sales network system with core distributors as the main body, covering the whole country. At present, it has formed a friendly and long-term cooperative partnership with hundreds of distributors across the country. The marketing network system is perfect.
At present, Weiss Medical's products cover more than 30 provinces, municipalities and autonomous regions in China, covering more than 8,000 terminal medical and professional institutions. It has a good market and brand image, which guarantees the efficient market conversion of the company's technology and the promotion of new products.
Diversified products help to increase business performance
Weiss Medical has rich and well-structured products, mainly focusing on electrical stimulation, magnetic stimulation, electrophysiology and rehabilitation robots. These four frontier fields are an important part of the rehabilitation medical device industry and have grown rapidly in recent years. field of.
According to Frost&Sullivan data, from 2014 to 2018, China's magnetic stimulation rehabilitation medical device market grew from 40 million yuan to 220 million yuan in 2018, with a compound annual growth rate of 53.1%. In the future, it will grow at a compound annual growth rate of 52.0% to 1.78 billion yuan in 2023.
In the first half of the year, Weiss Medical’s sales of magnetic stimulation products achieved substantial growth, achieving operating income of 66,188,300 yuan, accounting for 34.58% of the company’s total revenue, an increase of 33,559,200 yuan over the previous period, and revenue surpassing electrical stimulation products. The company's dark horse products in the first half of the year.
The company’s magnetic stimulation products mainly include transcranial magnetic stimulators, pelvic floor functional magnetic stimulators and pulse magnetic recovery devices, which are suitable for neuroelectrophysiological examinations, auxiliary treatment of symptoms such as depression, anxiety, insomnia, as well as urinary incontinence and constipation. And the treatment of diseases or symptoms such as stroke sequelae. Products are widely used in psychiatry, psychology, sleep centers, rehabilitation, neurology, obstetrics and gynecology, urology, anorectal, postpartum rehabilitation centers, confinement clubs and other departments and professional institutions.
At the same time, the company's electrical stimulation products performed well in the first half of the year, with revenue of 65,190,400 yuan, accounting for 34.05% of the company's total revenue. Among them, the main products MyOnyx biostimulation feedback instrument, MyoTrac biostimulation feedback instrument, Ruiyi biostimulation feedback instrument, pelvic electromyography biofeedback instrument, etc. are used in the field of pelvic floor and postpartum rehabilitation, and have been widely used in obstetrics and gynecology, pelvic floor rehabilitation. Departments and professional institutions such as centers, rehabilitation centers, postpartum rehabilitation centers, confinement clubs, etc.
In addition, electrophysiology products, consumables and accessories have performed well. They have been widely used in pediatrics, obstetrics and gynecology, geriatrics, psychology and other departments to address the rehabilitation needs of different groups, and the rehabilitation medical system has been continuously improved.
Rehabilitation robot technology has significant advantages
After years of accumulation and development, Weiss Medical has established advanced technology platforms such as electrical stimulation, magnetic stimulation, and electrophysiology, and has mastered relevant core technologies with independent intellectual property rights. In recent years, the company has invested heavily in technological innovation and has professional research and development. There are more than one hundred employees, a number of patents have been obtained, and the field of rehabilitation robots is actively expanded.
Rehabilitation robot is the product of the combination of robotics and medical technology, which can realize the function of replacing/assisting the rehabilitation therapist. According to Frost&Sullivan data, the market size of China's rehabilitation robots will grow from 210 million yuan in 2018 to 2.04 billion yuan in 2023, and the market has great potential for growth.
As early as 2015, the "Made in China 2025" document issued clearly stated that my country should focus on the development of high-performance medical robots and other high-performance diagnosis and treatment equipment, and actively encourage domestic medical device innovation. Since then, guiding policies such as the "Robot Industry Development Plan (2016-2020)" and the "Notice on Promoting the Healthy Development of the Robot Industry" have been successively introduced, and supporting policies in many places have been promoted simultaneously, pointing out the development direction for the field of rehabilitation robots in China.
It is understood that Weiss Medical has continued to invest in the construction of a rehabilitation robot technology platform in recent years, and has accumulated a series of related technologies, which has laid a solid foundation for the company's future expansion of the series of sports rehabilitation robot market with the core of exoskeleton rehabilitation robots.
The company has participated in a number of key research projects for rehabilitation robots of the Ministry of Science and Technology and the Jiangsu Provincial Department of Science and Technology. It has formed exoskeleton robot design, active and passive multi-modal control, intelligent gait control, real-time gait evaluation, and dynamic weight reduction. , Rehabilitation and weight loss walking training vehicle and other core technologies, while creating a dedicated hardware, control, software and algorithm platform for rehabilitation robots.
At present, the exoskeleton robot developed by Weiss Medical has begun product transformation. The Xwalk200/300 lower limb walking exoskeleton auxiliary training device has successfully obtained the medical device product registration certificate and entered the preparation for market; Xwalk100 rehabilitation weight-reducing walking training vehicle, X-Locom series The active and passive rehabilitation training system for upper and lower limbs is in the process of registration. Through the development and listing of a series of rehabilitation robot products, the company has formed a Weiss Sports Rehabilitation product line to provide clinically intelligent and standardized sports rehabilitation products. The company has further strengthened its competitiveness in the rehabilitation market.
In addition, Weiss Medical is actively exploring the medical beauty market. In the first half of the year, the company added R&D projects for energy source technology platforms to expand the company's product line and target market. Currently, it has completed pre-research on the core functions of new technology platforms such as radio frequency and laser. Work, and completed the design of the RF concept prototype and realized the basic functions. The business planning and layout of the medical cosmetology field is worthy of continued attention from the market.
