Presently, China's medical equipment industry is undergoing a critical phase of transformation and upgrading, confronting numerous challenges and opportunities. The core technology breakthrough is still the industry's most pressing challenge. High-end imaging equipment, such as CT detectors, MRI superconducting magnets, and other key components, remain dependent on imports. Intensified international market competition has led to technical embargoes and trade barriers imposed by Europe and the United States to limit the development of Chinese enterprises. The ongoing deepening of the band purchasing policy has further compressed the profit margins of enterprises.
The opportunity is significant for several reasons. First, the national policy clearly supports the "14th Five-Year Plan" medical equipment industry development plan, which aims to "break through the" neck "technology." Second, the market demand continues to expand, creating significant incremental space due to upgrades in the primary health care market and the aging population. Furthermore, the acceleration of technological innovation, AI, 5G, and other new technologies and medical equipment is creating a new point of growth through deeper integration.
It is noteworthy that in 2023, the penetration rate of domestic high-end medical equipment in county-level hospitals surpassed 60%, and the company's expansion into overseas markets has shown significant progress, with exports to the "Belt and Road" countries increasing by 35%.
