1. Overview of the Blood Glucose Meter Industry
The development of China's diabetes monitoring medical device market is lower than the global development level, and it is now in a rapid catch-up stage. Diabetes monitoring medical devices are divided into blood glucose monitoring systems, continuous blood glucose monitoring systems and other devices.
The upstream of the blood glucose meter industry chain is raw materials, mainly including blood glucose meter packaging materials, semiconductor sensitive components, integrated circuits, integrated optical circuits, optical fibers and other high-tech components, as well as test strips and other consumables; the midstream link of the industry chain is the production of blood glucose detectors and sales; the downstream of the industrial chain is the application link, including medical testing and home testing.
The current popular blood glucose meter detection technology in the market is mainly based on the fifth generation of electrochemical methods, but it has the disadvantage of requiring acupuncture for blood collection, causing pain to patients and the risk of infection. With the development of technology, new types of non-invasive blood glucose meters have appeared. However, on the one hand, the current new generation of blood glucose meter product technology has not yet developed a mature direction. The current products all use indirect detection such as subcutaneous body fluid detection, optical detection (Raman spectroscopy and near-infrared spectroscopy), ultrasound, a combination of conduction and heat capacity, etc. Methods, the accuracy of blood glucose detection is still incomparable with the fifth-generation mature products, mainly used to determine the trend, can not guide patients to seek medical treatment and medication; on the other hand, the currently marketed products are expensive and difficult to be widely accepted by patients.
The prevalence of diabetes
The types of diabetes can be divided into type 1 diabetes, type 2 diabetes and gestational diabetes, most of which are type 2 diabetes. Data show that in 2019, the number of people with type 1 diabetes in China was 2.354 million, the number of people with type 2 diabetes was 114 million, and the number of people with gestational diabetes was 2.236 million.
my country is the country with the largest number of diabetic patients in the world. Affected by rapid urbanization, unhealthy diet and increasingly sedentary lifestyle, the global obesity problem has become prominent in recent years, resulting in a rapid increase in the incidence of diabetes, and the scale of my country's diabetes market has also continued to grow. From 2016 to 2020, my country's diabetes industry market The scale has increased from 47 billion yuan to 63.2 billion yuan, with a compound annual growth rate of about 7.7%.
3. Analysis of the status quo of the blood glucose meter industry
The penetration rate of blood glucose meters and the average test strip usage in my country are seriously lower than the developed countries and the global average. According to estimates, the current penetration rate of blood glucose meters in my country is only about 25%, which is far lower than the global average of 60% and the level of 90% in developed countries; About one-third of the value recommended by the relevant guidelines is also significantly lower than that of developed countries.
4. Analysis of entry barriers in the blood glucose meter industry
The dual barriers of technology and capital restrict the entry of new troops in the market. The current market of the blood glucose meter industry has the characteristics of "few participants and high concentration".
Post time: Mar-16-2022