Analysis On Financing Efficiency Of Medical Devices Enterprises

According to the census data of the National Bureau of Statistics finds that about one fifth of the total population is over 60 years old in the end of 2018.The phenomenon indicates that the elderly population accounts for a large proportion in China,so the demand for medical care is relatively high.At the same time,the accident of "difficult to see a doctor" and "expensive to see a doctor" has a bad impact on ever-tense contradiction between doctors and patients.Besides,it closely related to the rising medical costs of residents caused by the fact that most domestic medical devices rely on foreign imports.To sum up,it also reflects the important role of the development of medical equipment enterprises in society.In addation,along with the development of the Internet,the rise of mobile online medical services and household medical equipment are improving the medical services of residents and promoting the development of the medical device industry.Owing to the financing difficulty of medical equipment enterprises in the new third board market and GEM market is much higher than that in the main board and SME market,this paper takes the medical equipment enterprises in the new third board and GEM market as the research object.Furthermore,it integrates R&D,produces and sales.Besides,this paper establishes the evaluation system of financing efficiency of medical equipment enterprises and uses DEA model quantifies the financing efficiency with the help of the relevant research results in the field of financing efficiency.The evaluation results of financing efficiency of medical equipment enterprises are as follows:(1)By comparing the financing efficiency indicators of medical equipment enterprises in the two-board market from 2015 to 2017 horizontally,it can be concluded that the effective range of comprehensive technical efficiency of enterprises in the GEM market accounts for about twice as much as that in the new three-board market.According to DEA-BCC model,the comprehensive technical efficiency is further subdivided into pure technical efficiency and scale efficiency.Firstly,from the perspective of pure technical efficiency,it is concluded that the comprehensive technical efficiency of medical equipment enterprises in GEM market is mainly driven by pure technical efficiency.Secondly,from the analysis of scale efficiency,the scale efficiency of medical devices enterprises in the new third board market is basically in a higher range,and the proportion of increasing returns to scale is much larger than that in the GEM market.This shows that enterprises in the new third board market can increase investment factors and expand enterprise scale to improve the overall efficiency of enterprises.Compared with GEM enterprises,they should pay more attention to appropriate investment to improve the scale efficiency.(2)Through longitudinal analysis,it is concluded that the pure technological efficiency of medical device enterprises in the new third board market is developing slowly and needs to be improved.The GEM should enhance the rational optimization of scale efficiency.Finally,it puts forward some feasible suggestions from the perspective of government,enterprise and market how to improve the financing efficiency of self-developed medical equipment enterprises in this paper.