China will take more measures to promote the opening of the trillion market for genetic medical applications According to reports, this year, China will officially launch the second phase of the National Gene Bank project. It is expected that the total amount of genetic data will exceed the sum of the three gene banks in the US, Europe and Japan within five years. At the same time, China will accelerate the establishment of genetic technology systems and infrastructure from genetic testing to individualized precision immunization. In addition, China will introduce relevant policies to prioritize the examination of innovative medical device approval procedures for genetic testing products identified as innovative medical devices, accelerate the entry of innovative medical service projects into the medical system, and promote the entry of new technologies into clinical use. China is highly concerned about the development and application of genetic technology in the medical field. The "Thirteenth Five-Year National Strategic Emerging Industry Development Plan" and the "Made in China 2025" key area technology roadmaps issued earlier have made systematic planning and policy support for the future development and application of China's genetic technology. . Compared with traditional medical methods, gene therapy-based gene therapy is more targeted, can achieve better therapeutic effects, and can greatly reduce the suffering of patients, and its application is generally optimistic in the industry. At present, a number of genetic medical technologies have made significant progress and are expected to enter the application phase in the near future. Wang Yinquan, founder of Haiyin Capital Co., predicts that key genetic medical technologies will make breakthroughs in this year and next, and will be used commercially in the next three years. China Securities Securities, Zhongtai Securities and other brokerage research reports believe that China's demand for disease screening, cancer treatment, chronic disease treatment and other fields is huge. With the entry of genetic medicine into clinical applications, the above three major fields and related markets will take the lead in entering the rapid growth period. It is expected that the total market size will reach 300 billion yuan by 2020. Research by third-party institutions such as the Foresight Industry Research Institute shows that China's genetic medical technology and industrial applications are developing at a good momentum. The upstream testing equipment suppliers, midstream sequencing services and data service companies, and downstream hospitals have emerged in the field of genetic testing with great value in the early stage. A number of companies, including pharmaceutical companies, have basically taken shape. With the support of relevant national policies, the application process of genetic medicine will accelerate, and industries such as precision medicine and biomedicine are expected to rise. The "Healthy China 2030" Planning Outline issued by the State Council earlier proposed that the total size of China's health service industry will reach 16 trillion yuan by 2030. Based on this prediction, if the genetic technology medical application can occupy about 10% of the market share by 2030, the overall market size will exceed one trillion yuan. Viruses and bacteria are everywhere. Preventing them in advance is the best way to reduce the risk of infection. Wearing a mask and washing hands frequently are crucial. The new type of coronavirus has the characteristics of contact transmission, and the fact that the virus exists on the doorknob of patients with pneumonia has also shown the necessity of paying attention to hand hygiene and wearing disposable protective gloves.
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