医疗美容运用手术、医疗器械、药物以及其他医学技术方法对人体各部位形态进行的修复与再塑，进而增强人体外在美感的医学科学。医疗美容具有一定的创伤性和侵入性

供给：11 月，医药行业生产动能持续下行。11 月，医药行业工业增加值为 5.1%，增速较 10 月下降 2.0 个百分点。1～11 月，医药行业工业增加值为 6.8%，增速较 10 月下降 0.2 个百分点。需求：11 月，药品零售市场需求有所回升，中西药品零售总额环比上升。11 月，中西药品零售总额为 523 亿元，环比增长 8%，同比增长 4.9%。1～11 月，中西药品零售总额为 5324.5 亿元，同比增长 9.1%，增速较 1～10 月下降 0.5 个百分点。

2019-nCoV 疫情爆发，许多互联网医疗企业和公立医院纷纷提供义诊。互联网医疗的优势包括：快速增加医疗资源供给、有效分级诊疗、避免交叉感染、减少患者恐慌。此次疫情有助于培养患者线上问诊的习惯，推动互联网医疗行业发展。

WHO 宣布武汉肺炎构成PHEIC，预计疫情影响有限。此次武汉发现的新型冠状病毒（2019-nCov）是一种以前尚未在人类中发现的新型冠状病毒，属于β属的新型冠状病毒。

2019年，线上大健康产业用户规模超1.4亿，可以说10个网民中就有1个关注医疗健康，其中有4千万中年用户关注着移动医疗健康市场。

In the United States, the fat burn supplements market is projected to witness a CAGR of 2.32% during the forecast period, while Europe is anticipated to register a CAGR of 1.83%. The various health and societal changes led consumers to pivot their requirements toward natural ingredients an d h ealth products. Thus, alternative medicines , par ticularly supplements , witnessed significant demand over the past decade. Furthermore, age groups, ranging from children to baby boomers, are consuming at least one or more supplements in the form of multivitamins or minerals, on a daily basis. Lifestyle changes, such as healthy consumption pattern, decline in caloric intake, and physical activity, are the basis for achieving long-term weight loss. However, consumers perceive diet and lifestyle changes to be difficult. Thus, they prefer fat burn supplements for weight loss, in anticipation that these products help in achieving their weight-loss goals.

The pre-requisite to make healthcare more patient-centered is gaining significance and is based on the evidence that healthcare services should be organized more around the patient rather than the provider. In the era of early diagnosis, disease prevention, and increased focus on controlling HAIs in healthcare facilities, the usage of diagnostic tests to diagnose various HAIs is considered as an important step to initiate various control and preventive measures and thereby minimize the occurrence of HAIs globally. The increasing prevalence of healthcare-associated infections as well as the growing elderly population that is immunocompromised and susceptible to HAIs are expected to be the major drivers for the growth of healthcare-associated infectious disease diagnostics market during the forecast period. Furthermore, the increasing uptake of antibiotics, changing lifestyles, and increasing laboratory automation in HAI diagnostics is expected to boost market growth during the forecast period. At the same time, favorable government initiatives on preventive care are also driving the market in recent years.

A wound can be defined as a breakdown in the protective function of the skin, loss of continuity of epithelium, with or without the loss of underlying connective tissues such as muscles, bones, and nerves. This could result in injury to the skin or underlying tissues or organs resulting from surgery, cuts, chemicals, friction/shear force, pressure, or as a result of a disease such as diabetic foot ulcers. The wound can be open or closed. In case of open wounds, the protective body surface (the skin or mucous membranes) breaks, permitting the entry of foreign material into the tissues. In contrast, for closed wounds, the damaged tissues are not exposed to the exterior, and the process of repair/healing can take place without the interference that contamination brings, in a greater or lesser degree.

The pediatric vaccines market has attained maturity, in terms of some of the disease segments (like polio), while in terms of some disease segments, it is yet to gain maturity. Despite these differences in each segment, the market is continuously growing, owing to the exponential growth that is varying, in terms of the demand for vaccination for different diseases over time. The major factors responsible for the growth of the market are the rising burden of chronic diseases, along with the importance and awareness of immunization, technological advancements in vaccines, and increase in the government and non-government funding in R&D. According to the data published by the World Health Organization (WHO), there are more than 120 new products in the development pipeline and 60 among these are of importance for the developing countries. Furthermore, the newer and more expensive vaccines are being introduced the market faster than ever before.

Blood platelets are having many growth factors that are helpful in healing process. This has led the researchers to inject high concentration of platelets in plasma (platelet-rich plasma) at the site of injury. PRP is being used since 1970, and currently, it is widely accepted across the world. Some of the applications where PRP is used include, orthopedics, sports medicine, cosmetics, dentistry, and wound healing, etc. There is a high impact of the musculoskeletal conditions in the world, and burden of the same is increasing, thereby, increasing the demand for the PRP currently. For the cosmetic procedures, PRP is widely used in developed countries, like the Unites States or other European countries. Additionally, its use in the field of orthopedics and cardiology is increasing in the United States and the European region.

The global peripheral vascular devices market is currently being driven by various factors, including increasing lifestyle changes and the aging population. Also, new product launches and technological innovations in the devices are augmenting the growth of this market. Recently, Intact Vascular Inc., which is a well-known medical device company, had launched the first commercial use of its Tack Endovascular System in multiple sites across the United States, after getting an FDA approval. This device is a first-of-its-kind dissection repair device, which is implanted post-angioplasty to resolve dissections in patients with peripheral arterial disease (PAD). Along with such product launches, it has been observed that the market is currently witnessing several technological advancements. For instance, Lithoplasty and Pantheris Lumivascular Atherectomy System are the two latest and novel technologies that are being used in the treatment of PAD. Avinger Inc. stated in July 2018 that several physicians across the United States have successfully treated over 40 patients having PAD with the help of the next-generation Pantheris image-guided atherectomy system.

The concept of sexual wellness is witnessing an evolving acceptance across countries including the US over the last few years. This growth has remained attributed largely to a number of factors such as increased penetration of brands, growing acceptance of sexual wellness products, integration with sexual health, and vendor investments across the market. Sexual wellness market in the US comprises primarily of products such as sex toys, condoms, exotic lingerie, and sexual lubricants, among others. The US has always remained a key market for sexual wellness products owing to the various consumer and technology trends prevailing in the nation. Also, the evolution of more female-centric brands has further pushed for the need of having quality sexual wellness products in the country.

The prevalence of various infectious diseases has significantly increased in the GCC region, over the past decade. The threat from these diseases to public health has increased significantly, which has resulted in the growing adoption of new diagnostic techniques, including point-of-care testing. In the GCC countries, there has been an increase in the demand for IVD devices, on account of the ageing population, escalating prevalence of lifestyle diseases, and growth in the healthcare sector of the region. Additionally, the market is also impacted by the establishment of standalone centers, independent diagnostics chains, and academic institutes. GCC growth is also seen as a result of higher investments in healthcare, from both the government and private sectors, and increasing incidences of lifestyle diseases, such as diabetes, cardiovascular diseases, and several others. The market is further driven by the technological advancements in devices for early and precise detection of diseases. In few countries, such as Saudi Arabia, Kuwait, and Bahrain, policies allowing HIV self- testing are currently under development, which, once established, are expected to have a positive impact on the usage and adoption of HIV rapid test devices.

The growth of the IVD market can be attributed to the high prevalence of chronic and infectious diseases. Chronic diseases are a growing global challenge, where the obesity, diabetes, high blood pressure, high cholesterol, and smoking are some of the leading healthcare issues that affect a growing number of people in Saudi Arabia.  The higher investment in healthcare, particularly from the government followed by the private sector, and increasing burden of lifestyle diseases, raises the diagnosis demand and improved care facilities in the country.  The POC diagnostic tests that are used widely also are found to be gaining popularity in the IVD industry of the Saudi Arabia market. It very well supports the laboratory professional with better diagnostic results and encourages in early influential decision in a disease treatment.

投资建议：我们认为，两波婴儿潮人群分别对应椎体骨折和腰间盘突出的高发年龄段，将推动相关疾病治疗市场的快速发展。国内相关标的为：凯利泰、大博医疗等，重点推荐专注于脊柱微创治疗领域的凯利泰。

疫情起，举国抗之！当下我们认为最重要的是能将理性、靠谱、科学的相关信息传递给大家！所以本周周报将从“疫情数据、科研进展、日常防护、疾病科普、谣言证伪、阅读推荐”等六个维度为投资者全方位透视，理性认知疫情、理性做足日常防护，团结一致，相信我们将在不久的未来战胜疫情，武汉加油，中国加油！另外，疫情变化较快，对于新型冠状病毒和疫情的迭代认知也将有所更新，我们后续也将随时更新相关信息！

第二批国家组织药品集中采购文件已于2019年底发布，预期降幅及其影响已被市场消化，2020年1月17日开标后事件落地、不确定性即将消除。在中国医药产业结构迅速转型升级，优质龙头企业正在迎来逻辑清晰、确定性强的中高速发展阶段，药品领域应当重点配置创新药优质龙头以及CRO/CDMO服务产业链，器械领域的创新龙头以及相对受益于DRGs政策的IVD/ICL板块也值得重点配置。

科创板于 2019年 7月 22日开市，截至目前共72家上市公司，其中有 16家生物医药相关企业。本周72 家企业平均涨幅为5.46%。

疫情推动各方重新审视生物医药产业的战略价值。截至2020 年2 月2 日，我国累计确诊新型冠状病毒感染病例17205 例，累计疑似病例21558 例。疫情的发展推动了相关病毒防治领域的需求，预计会对相关公司一季度的业绩造成正面影响。同时，生物医药产业的战略价值得到各方重新认识，行业长远发展确定性有望提升。