April Sees Widespread Price Cuts for Medical Consumables Amid Intensified Market Consolidation

Author | Yueqing

Price Regulation Campaigns Hit in Succession, Accelerating the Reshuffle of the Consumables Market.

01

Jiangsu, Guizhou Issued Documents

Thousands of Consumables See Price Reductions

April 1Day,Jiangsu Provincial Public Resource Trading Center released "Notice on Adjusting the Online Listing Prices of Some Medical Consumables》，A total of 445 types of medical consumables will implement new prices on April 8.

This time, the cost of consumablesThe adjustment involves many categories, including vascular intervention/non-vascular intervention, staplers, dental, orthopedics, in vitro diagnostic reagents, and blood purification.

Among them, the prices of some consumable products have only been slightly adjusted, such as the disposable ultrasound soft tissue products from United Imaging Intelligence.Woven scalpel headAdjusted from 2350 yuan to 2345 yuan; The orthopedic external fixation stent - support column of Ossifix has only been reduced by 0.8 yuan,From 3880.8 yuan to 3880 yuan；Kehua Bio-engineeringThe price of the Pepsinogen II Assay Kit has been reduced by 0.12 yuan.14,421.12 yuan reduced to￥14,421。

However, some products have also seen significant price adjustments, such as the Orthesys Orthopedic External Fixation System - Pad, originally priced at 2000 yuan.Circle,The adjusted price is 492 yuan.; Juanshow Bio original price 1250 bone repair materialPrice reduced to 690 yuan。

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Guizhou has also recently released an announcement on the adjustment of consumable prices, Medtronic,ConvaTec, Dabowere jointly initiated by enterprises such as2456 ConsumablesThe price reduction application, the adjusted price onApril 3Officially implemented.

The maximum reduction in this round of price adjustment reached 97.29%, Jiuyuan Medical's puncture needle assemblyDropped directly from 369 yuan to 10 yuan。In addition, there are multiple consumables with reductions exceeding 90%, includingLongke MedicalDisposable Suction Ureteral Pyelography Catheter(9000 yuan)→$647）、Aide TechnologyThePolyurethane Closed Negative Pressure Drainage Material(5400 RMB→462.24Yuan）、Qianrui Medical'sMetallic Interlocking Intramedullary Nail(1284 RMB→120Yuan）。

But there are also multiple consumablesReduced to less than 1 yuan, for exampleTINAVITheDisposable Sterile Trauma Localization Surgical Pack andSingle-use Joint Positioning Guide,AverageFromAdjusted from 15,000 yuan¥14,999.99, with a price reduction of only 0.1 yuan;AidetechUnilateral External Fixation SystemFrom10785.35Meta-regulation¥10,785, a decrease of 0.35 yuan.

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02

Upgrade in the Governance of Consumables Pricing

Second Inspection Incoming

Consumables Price Governance Sweeps AcrossChina, except forRelying on the general reduction of online listing prices, various special operations are also continuously advancing.

ZheJiangRecentlyAdjusted the online transaction prices of medical consumables such as electrosurgical loops.BeijingPreviously, a special price adjustment for hemodialysis consumables was carried out;GuangdongLaunch Special Governance on the Online Listing Prices of Hemostatic Material Consumables.

The price governance surrounding non-selected products is also expanding.

Heilongjiang issued a document in March, requiring reference to Tianjin City"Price Ceiling for Non-Selected Products of Cochlear Implants and Peripheral Vascular Stents in Medical Consumables"Link the prices of non-selected products to reduce them to the high line or below.。

Zhejiang Medical Insurance Bureau also announced at the beginning of the year to carry out the maintenance of the online price limit for non-selected products in the centralized volume procurement of suture anchors.Price Maintenance RangeFor non-selected online trading products of wire-anchor types with a ceiling price higher than the price cap。

After multiple rounds of adjustments, the governance of consumable prices has entered the stage of identifying and addressing omissions.

Xinjiang previously launched a regional dynamic adjustment of listed prices, coveringMore than 34,000Medical consumable products, covering all categories including orthopedics, coronary intervention, in vitro diagnostic reagents, and general medical consumables.

RecentlyXinjiang Medical Insurance Bureau Issues "Notice on Carrying Out the 'Look Back' Work for Price Risk Disposal of Some Governed Medical Consumables in Our Region"TargetingTranscatheter Aortic Valve System, Thoracic/Abdominal Aortic Stent Graft, Infusion Ports, and Other Central Venous Drug Delivery DevicesRe-sort and re-examine related products that have already been addressed, and identify that some products currently still have online prices higher than the required risk management price.

From the implementation of large-scale centralized procurement to the coverage of price governance, some medical device companies in China are objectively facing pressure from reduced profits. However, recent financial reports show that the impact of price reductions on the industry is being rapidly cleared. In addition to fully unleashing the benefits of trading price for volume, this also stems from new growth opportunities emerging after market reshuffling.

WEGO OrthopaedicsMentioned in the latest financial report,After the channel profit was compressed, small and medium-sized enterprises and pure agents that relied on information asymmetry for survival were accelerated to be eliminated. Market resources are concentrating towards leading companies with scale advantages, cost control capabilities, and complete industrial chain layouts.。

In the new price cycle, consumablesThe industry will complete the survival of the fittest in the wave of price reductions, and at the same time, a more transparent market environment will also be built.