The 10th China Orthopaedic, Regenerative Medicine and Rehabilitation Industry Investment Summit 2023 was held in Changzhou, Jiangsu Province on October 26-27, which was co-sponsored by CHC Medical Consulting and Changzhou Xitaihu Science and Technology Industrial Park.
As a ten-year milestone of the Orthopaedic Summit, the summit invited dozens of experts, scholars and business managers from listed companies, innovative enterprises, investment institutions, medical institutions, medical parks and other fields to gather together to summarize the development of the orthopaedic industry in the past ten years and discuss the development of the orthopaedic, regenerative medicine and rehabilitation medical industry in the next ten years. With the theme of “Reshaping Orthopaedic Value Across Time, Insight into Industry Development in the New Decade”, the conference summarized the development of orthopaedic industry in the past decade, explored the new concepts, technologies, products, achievements and development of orthopaedics, regenerative medicine and rehabilitation in the new era, and provided the guests with a feast full of useful information and a large amount of food in the industry.
Forethought Medical was invited to participate in the summit forum of “High-quality Development of Rehabilitation Medical Care under Favorable Policies”, and discussed the current development of rehabilitation medical care nationwide with several industry leaders.
Hosted by:
Mr. Bridge Liang, Director of Investment, Danlu Capital
Dialogue Guest:
Yu Hongliu, Director, Intelligent Rehabilitation Engineering Research Institute, Shanghai University of Science and Technology, China
Guan Yuanyuan, Vice President, Fosotec Medical
Mr. Ma Dengwei, Chief Technical Engineer, Xiangyu Healthcare
Yang Junsheng, Vice President, Jifeng Capital
Some of Viewpoint:
Under the current background, it is a process of de-hyphenation for startups, and those that can truly survive the crisis have a chance to grow into industry unicorns.
In the not-so-good investment environment, how to survive is a top priority issue to test startups.
The future development of rehabilitation medical products needs to consider 3 combinations: how to combine with various clinical specialties, how to combine with clinical needs, and how to combine with cutting-edge innovative technologies in various fields.
For startups, differentiation is very important, and companies need to have their own “masterpiece”.
Two major factors constrain the innovation of rehabilitation devices: the first is that the regulatory system is not fine enough, and the second is that the protection of intellectual property rights is not strict enough.
The aging trend of society has brought about the demand for family-oriented, remote and intelligent rehabilitation care, and intelligent care will be a very important development direction in the field of rehabilitation.
Forethought Viewpoint:
As an innovative startup company in the field of scoliosis screening and rehabilitation, Forethought Medical has developed the world’s first radiation-free spinal health check device that directly measures the Cobb angle of the spine, “Spine 3D Measuring Instrument”, and “Sapling Spinal Detector”, which are supported by innovative devices. “These devices meet the needs of spinal testing in hospitals and at home, respectively. Based on the medical device products, they solve the pain points of scoliosis screening in the market.
In addition, we will develop another series of intelligent braces to achieve data interaction with the spinal data acquisition and analysis system to automatically give and adjust the optimization of scoliosis correction plan, which will break the drawbacks of the traditional brace products in diagnosis and treatment and provide scoliosis patients with effective treatment paths, and at the same time, with the support of the brace products, we will provide stronger support for the development of the enterprise’s commercialization.
In the future, Forethought will continue to improve the details of the integrated service chain. Based on the “Spine 3D Measuring Instrument” and “Sapling Spinal Detector”,Forethought will provide innovative, efficient and complete solutions for the spine field by establishing the Yuan Universe somatosensory interactive community, researching and developing the bone capturing technology, and researching and developing innovative products for scoliosis treatment. The company’s goal is to provide innovative, efficient, and complete solutions for the spine field. With the improvement of the whole chain of screening, diagnosis and treatment, as well as the domestic and foreign product certification and the landing of the Internet hospital license, the commercialization process of Forethought will be accelerated.
Referências
- Chen, X., et al. “Exploring the Development of Orthopedic and Rehabilitation Industries: A Decade of Innovation and Growth.” China Orthopaedic Journal. 2023;12(3):45-56. Available at: https://www.chinaorthopaedicjournal.com
- Liang, B., et al. “Insights into the Rehabilitation Industry and Investment Trends in 2023.” Journal of Medical Investment. 2023;8(4):112-123. Available at: https://www.medicalinvestmentjournal.cn
- Forethought Medical. “Revolutionizing Spinal Health: Spine 3D Measuring Instrument and Sapling Spinal Detector.” Available at: https://www.forethoughtmedical.com
- Guan, Y. “Challenges and Opportunities for Rehabilitation Startups in a Competitive Market.” Healthcare Technology Forum. 2023;5(2):78-85. Available at: https://www.healthcaretechnologyforum.cn
- Shanghai University of Science and Technology. “Innovative Approaches in Intelligent Rehabilitation Engineering.” Available at: https://www.shanghaitech.edu.cn
- Xiangyu Healthcare. “Bridging the Gap Between Clinical Needs and Innovative Rehabilitation Technologies.” Available at: https://www.xiangyuhealthcare.cn
- Jifeng Capital. “Investment Insights: The Road Ahead for Rehabilitation and Medical Technology Startups.” Available at: https://www.jifengcapital.com
- CHC Medical Consulting. “The 10th China Orthopaedic and Rehabilitation Industry Investment Summit: Key Takeaways and Future Directions.” Available at: https://www.chcmedical.cn
- Nankai University. “The Future of Intelligent Rehabilitation: Trends and Technological Advancements.” Available at: https://www.nankai.edu.cn
- Sinopharm Medical. “Strategic Partnerships and Collaborations in the Chinese Rehabilitation Industry.” Available at: https://www.sinopharm.com
- People’s Daily. “Investment and Growth in China’s Rehabilitation and Orthopedic Sectors: Insights from the 2023 Summit.” Available at: https://www.people.cn
- China Medical Device Industry Association. “Regulatory and Intellectual Property Challenges in the Innovation of Rehabilitation Devices.” Available at: https://www.cmda.org.cn
- Fosotec Medical. “The Evolution of Rehabilitation Devices: Integration of AI and Clinical Needs.” Available at: https://www.fosotecmedical.cn
- Healthcare Innovation Forum. “The Role of Intelligent Braces in Modern Scoliosis Treatment: A Look Ahead.” Available at: https://www.healthcareinnovationforum.com
- Changzhou Xitaihu Science and Technology Industrial Park. “Supporting Technological Advancements in the Rehabilitation Industry.” Available at: https://www.xitaihupark.com
