Summary of Medical Data Asset Circulation and Trading Industry Overview - The focus is on the medical data circulation and trading industry in China, particularly in Beijing and Shanghai, with a pilot program initiated by the Beijing Health Commission and Economic and Information Technology Bureau [1][2]. Key Points and Arguments - **Pilot Programs and Expansion**: In 2023, six municipal hospitals in Beijing began data sharing trials, with plans to expand to 22 hospitals in 2024. Shanghai's Guo'er Hospital will follow in 2025 [2]. - **Government Support**: The Ministry of Finance's "Pilot Program for Digital Asset Management" emphasizes the management of data assets, including registration, authorization, and revenue distribution [2]. - **Market Demand**: Major AI companies are actively purchasing medical data to train models, with a notable case of an AI company developing a surgical planning product using data from a chest hospital [2][4]. - **High Willingness from Private Institutions**: Private medical institutions, including testing centers and specialty hospitals, show a strong willingness to engage in data trading, provided that patient privacy is protected through anonymization [5][6]. - **Data Demand Sources**: Key demand sources for medical data include AI companies, research institutions, pharmaceutical/device developers, and marketing agencies, with significant interest from leading internet firms [5][6]. - **Compliance and Anonymization**: Ensuring compliance is critical, requiring patient consent and anonymization of data before external circulation. Third-party data exchanges are used to maintain transparency and legality [7][12]. - **CT Imaging Data Demand**: There is a strong demand for CT imaging data for model training, with applications categorized into B2B (hospital services) and B2C (individual users) [3][8]. - **Challenges in Data Circulation**: The industry faces challenges such as varying levels of hospital information technology, lack of internal revenue mechanisms, and the need for technical service providers [11][12]. - **Future Market Potential**: The medical data circulation and trading industry is expected to grow significantly, driven by increasing hospital digitalization and supportive policies [13][14]. - **Cross-Border Data Transactions**: There is potential for cross-border data transactions, particularly with foreign pharmaceutical companies interested in purchasing data from Chinese hospitals [15][16]. - **Pricing Models**: A pricing model for hospital data has been developed in collaboration with Tsinghua University, relying on market references for data valuation [18]. Additional Important Content - **Data Standardization**: The lack of unified data standards poses a challenge for data integration across hospitals, necessitating the establishment of anonymization protocols and standards [11][12]. - **Role of Data Trading Platforms**: Platforms like the Beijing Stock Exchange facilitate data circulation by managing transactions and ensuring compliance with regulations [21]. - **Inclusion of Rural Data Resources**: Smaller hospitals are less likely to provide data but may serve as buyers of AI diagnostic products, indicating a shift in their role within the data ecosystem [22][23].