With the rollout of the vaccine across the world in 2021 the global economy is expected to expand by roughly 4 in 2021 However, in January 2021 the World Bank stated in its Global Economic Prospects that the recovery will be slow unless governments around the world take effective action to control the pandemic and begin implementing investment enhancing reforms, as well as vaccination campaigns, strict health policies, and financial support Within the broader context of e health, telehealth is gaining traction in both developed and developing countries Telehealth has been used in almost every country in the world, but it is embedded in only a few

The adoption of healthcare information technology (HCIT) in the healthcare sector has supported patient engagement and played an instrumental role in reducing medical costs. Nursing was at the forefront of achieving these results and was one of the first users of healthcare IT solutions for interactive patient engagement. Several HCIT solutions such as the interactive patient management systems enable healthcare providers to provide entertainment and educational resources to patients, which results in better care experience across the complete continuum of care.

As per BIS Research, a CT scan of the brain is a non-invasive diagnostic imaging process that produces horizontal, or axial images (commonly referred to as slices) of the brain using specific X-Ray measurements. Brain CT scans can provide more specific information about brain tissue and structures than ordinary head X-Rays, allowing for additional information about brain injuries and disorders. Head CT scans employ specialized X-Ray equipment to diagnose head traumas, severe headaches, dizziness, and other symptoms of aneurysms, hemorrhage, strokes, and brain tumors. It also aids the doctor in evaluating the face, sinuses, and skull, as well as planning brain cancer radiation therapy. It can also reveal internal injuries and bleeding in emergencies.

Cardiovascular diseases (CVDs) are the leading cause of death worldwide, with an estimated 17.9 million deaths each year, accounting for around 32% of deaths worldwide. CVD is a group of heart and vascular diseases, including coronary heart disease, cerebrovascular disease, rheumatic heart disease, and other diseases. More than four-fifths of cardiovascular deaths are due to heart attacks and strokes, and one-third of those deaths occur prematurely in people aged under 70. The global burden of atrial fibrillation (AF) in 2019 is estimated at 59.7 million, twice the estimated case in 1990. It can be argued that the entire continent, such as South America, Africa, and parts of Asia, faces various challenges, such as limited economic resources, aging, high blood pressure, and obesity.

As per BIS Research, a computer tomography (CT) scan of the brain is a non-invasive diagnostic imaging process that produces horizontal, or axial, images (commonly referred to as slices) of the brain using specific X-Ray measurements. Brain CT scans can provide more specific information about brain tissue and structures than ordinary head X-Rays, allowing for additional information about brain injuries and disorders. Head CT scans employ specialized X-Ray equipment to diagnose head traumas, severe headaches, dizziness, and other symptoms of aneurysms, hemorrhage, strokes, and brain tumors. These scans also aid the doctor in evaluating the face, sinuses, and skull, as well as planning brain cancer radiation therapy. They can also reveal internal injuries and bleeding in emergencies.

According to BIS Research, dental radiography or dental X-Ray is an imaging procedure employed by dentists to assess the oral health of patients. Dental radiography procedures require products such as dental imaging systems and dental imaging software.

中成药独家品种集采价格降幅较小，建议关注中药创新药与品牌中药。4月8日，广东省药品交易中心公示广东联盟清开灵等中成药集中带量采购拟中选/备选结果。结果显示，参与报价的576 个产品中，361个品种拟中选/备选，产品中选率62.67%。在拟中选/备选的代表产品中，以“最高日均费用/最高有效申报价”为基础测算，整体价格降幅为54.35%。其中，非独家A 组拟中选/备选品种的平均降幅为49.95%，非独家B 组拟中选/备选品种的平均降幅为84.12%，独家拟中选/备选品种的平均降幅为17.12%。

全球疫情下降趋势明显：截至2022年4月10日，全球各洲新增新冠患者均处于下降阶段，亚洲和欧洲在最近的疫情反弹中出现拐点后情况开始缓和。国内疫情防控形势严峻：近期国内疫情多点散发，本土确诊病例和无症状感染者增长迅速。Omicron变异毒株传染性强、传播速度快，并且有一定比例的无症状感染者，给疫情防控带来了新的难点，防控形势日趋严峻复杂。

2021 年原料药行业相继受到上游原材料涨价、汇率波动、去库存等因素影响，API企业陆续出现经营波动。此外，2021 年人民币升值导致API 出口业务的业绩受到干扰，同时上游原材料价格明显上涨也是导致毛利率下降的重要原因之一。但海外原料药行业相继受到疫情影响，供给收缩，而国内疫情逐渐控制，供应量相对充足，国内原料药企业的出口业务因此获益。

2021年及2022Q1我国疫苗批签发情况总体受新冠疫情影响以及新冠疫苗集中接种影响较大，多数品种实现批签发批次数据有所下降，但部分重磅品种如HPV疫苗、13价肺炎疫苗等仍然实现快速增长。其中，智飞生物代理默沙东四价HPV、九价HPV分别实现批签发38批次（+23%）、42批次（+75%）；代理默沙东五价轮状病毒疫苗实现批签发86批次（+79%）。万泰生物二价HPV疫苗实现163批次（+254%）。康泰生物百白破-Hib四联苗实现批签发42批次（-18%），22Q1康泰13价肺炎疫苗实现12批次批签发。康华生物人二倍体细胞狂犬病疫苗2021年实现批签发60批次（+7%）22Q1实现24批次（+300%）。欧林生物吸附破伤风疫苗实现批签发42批次（-13%）。

申万医药生物指数下跌1.38%，整体弱于大盘。其中医疗器械子行业涨幅较大，上涨2.94%；医疗服务子行业上涨2.33%，医药商业子行业下跌2.97%，化学制药子行业下跌3.58%，中药子行业下跌3.82%；生物制品子行业下跌5.17%。上周A 股医药整体震荡下行，仅服务板块因国务院强调扩大重点领域消费，促进医疗健康、养老、托育等服务消费而上涨，展望下周，动态清零仍将持续，国内疫情反复，短期我们仍建议关注国产新冠疫苗、新冠药物研发进展及新冠检测产品及服务等产业链相关公司以及一季报超预期的公司，中期考虑疫情后逐渐复苏以及国家对消费医疗的支持，关注受疫情影响的部分医疗服务和消费医疗的复苏政策以及疫情后新基建的建设进度。

3月小幅上涨，低估值板块表现较好。医药行业在2022年3月份小幅上涨：申万医药上涨0.87%，跑赢沪深300指数8.71%，涨幅在所有申万一级行业中排名靠前。子版块中，医药商业（+11.28%）、中药（+4.75%）领涨，医疗服务上涨1.10%，化学制药上涨0.66%，生物制品下跌0.73%，医疗器械下跌3.75%；低估值的商业和中药板块表现较好。市场对疫情相关的检测、小分子药物、中药、疫苗等板块关注度高。