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《德银-中国-医疗保健行业-中国医疗保健行业9月月度数据追踪-20170925-deutsche bank-china healthcare monthly data tracker,september 2017》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。
1、ChinaHealthcareDeutscheBankMarketsResearchAsiaIndustryDateJapan25September2017NorthAmericaChinaHealthcareHealthCareIndustryUpdateHealthCareMonthlydatatracker:September2017JackHu,PhDMonthlydatatracker:September2017ResearchAnalystRecentdatasuggestthat:1)drugconsumptiongrew11.4%YoYinAugustvs.12.2%
2、inYTD7m17;2)inpatientandoutpatienttrafficincreased5.5%and+852-220362081.9%,respectively,in1H2017;3)growthingovernmentspendingonhealthcareMeganXureached17%YoYinYTD7m2017,vs.10%in2016;4)vitaminCpricesremainedResearchAssociatehigh;5)thepriceof6-APAand7-ACAremainedflatinSeptember;6)TCMraw+852-22035928
3、materialpricesweremixed;and7)thecornpriceincreasedtoRMB1,726/toninSeptember.KeyChangesCompanyTargetPriceRatingGovernmentspending,drugconsumption,patienttrafficandinsurance600998.SS25.10to27.30-Growthingovernmentspendingonhealthcarewasup6%YoYinAugust2017600196.SS26.40to27.50-atRMB93bn;YTD7m17growt
4、hreached19%comparedwith10%YoYin2016.600079.SS23.00to22.10-Meanwhile,growthindrugconsumptionfluctuatedandreached11.4%YoYin3600.HK4.20to4.00-August2017;YTD7m17growthwas12.2%vs.12.0%and14.2%YoYin20163933.HK5.40to5.90-and2015,respectively.Inpatienttrafficcontinuedtooutpaceoutpatientflow,2196.HK30.90to3
5、2.10-withtheformerup5.5%YoYandthelatterrising1.9%in1H2017.InJuly,Source:DeutscheSecuritiesInc.urbanbasicmedicalinsuranceinflowrose54%andoutflowincreased50%.ForToppickscommercialinsurance,theinflowofhealthcareinsurancedeclined30%YoYinSinoBiopharmaceuticalBuyJuly2017,whiletheoutflowofhealthcareinsura
6、ncecontinuedtogrowat32%(1177.HK),HKD8.26YoY.However,onaYTDbasis,inflowgrew5%vs.26%foroutflow.UniversalMedical(2666.HK),HKD6.36BuyHengruiMedicineBuy(600276.SS),CNY58.14VitaminCpricesremainedhigh;6-APAand7-ACApricesstayedflatSource:DeutscheSecuritiesInc.DomesticvitaminCpricesremainedhighwithanASPofR
7、MB70/kginSeptember2017,whileimportedvitaminCpriceswereup6%toUSD6.2/kginJuly.Thepriceof6-APAwasstableataroundRMB210/kginSeptember2017.TheASPof7-ACAwasatRMB360/kg,unchangedMoM.Weremindinvestorsthatthemainmanufacturershadresumedthepr
