Rapid growth in demand for medical software market

With the continuous improvement of health awareness and the increasing aging population, the demand for medical resources among Chinese residents is constantly growing. Compared to the vast demand market, China's medical resources are relatively scarce and unevenly distributed across regions, which cannot meet the increasing market demand. Medical software can strengthen hospital management through modern, scientific, and standardized means, improve hospital work efficiency and service quality, and is a necessary technical support and infrastructure for modern hospital operations. Therefore, its market size is growing rapidly.

Medical software is a technology industry that integrates multiple disciplines such as medicine, information, management, and computer science. Developed countries such as the United States, Germany, and Japan have started researching and applying it. With the promotion of national policies, the medical industry has entered the era of informatization, and the demand for medical software has grown rapidly. China's medical software industry has entered a stage of rapid development.

According to the report, from 2012 to 2017, the average annual compound growth rate of China's medical software market was 26.8%; In 2018, the size of China's medical software market reached 7.8 billion yuan, a year-on-year increase of 20.2%. As an important sub industry of medical informatization, the scale of China's medical software market continues to grow rapidly. With the increase of mobile Internet penetration rate and the continuous expansion of user scale, the demand for medical software in the medical industry will continue to grow. It is expected that the scale of China's medical software market will continue to rise rapidly in the next five years.

The size of the medical software market is closely related to the level of development of medical informationization. China's medical informationization construction is relatively complete in economically developed areas, while the development of small and medium-sized cities is relatively slow. Therefore, first tier developed cities in China's medical software market occupy a large share. As medical informatization gradually spreads to third - and fourth tier cities, the demand for medical software in cities outside of first tier cities is growing more rapidly. As the market in first tier cities gradually saturates, third - and fourth tier cities will become an important driving force for the growth of the medical software industry.

Medical software is an important sub industry of medical informatization. In order to improve hospital work efficiency and balance regional medical resources, medical software has become an important infrastructure for hospital operation. With the promotion of national policies, its market size has grown rapidly. The technology and scale strength of China's medical software industry are constantly improving, and the competitiveness of leading domestic enterprises is constantly enhancing. With the advantage of localization, they are in a dominant position in the industry. Moreover, local enterprises have a competitive advantage in terms of cost-effectiveness, and third - and fourth tier cities will become important growth drivers for the industry in the future. Local enterprises have greater development potential and advanced technological levels.