The domestic economy is enjoying a recovery beyond expectations, people's awareness of health management is gradually enhanced, health care and medical needs are gradually restored, and the domestic medical device industry is also experiencing booming development opportunities:

The 100 billion segment market has entered the golden development period. In terms of indicators such as per capita medical device equipment and ratio of medical devices, China's current ratio of medical devices is only 2.9, which is still far behind the global average of 1.4. With low per capita expenditure of medical devices and clinical penetration rate, there is still great room for improvement. With the rapid expansion of product upgrading, China's medical device market is ushering in a golden decade of development.

Basic medical infrastructure drives market expansion. As can be seen from the newly released 2023 government work report, promoting the expansion and sinking of high-quality medical resources will be the focus of medical and health development this year. From the "Thousand Counties Project" in full bloom, to the implementation of financial discount to support medical equipment procurement policy, to the "Opinions on Further Deepening Reform to Promote the healthy Development of Rural medical and health system" jointly issued by the Central Government Office and the State Government Office this year, clearly requiring innovation and improvement of rural medical and health management system and operation mechanism, the grass-roots medical system is ushering in a new development pattern. A large number of secondary and primary county-level hospitals and township health centers are replenishing relevant medical equipment, comprehensively improving the diagnosis and treatment level of grass-roots hospitals, and then reviving the demand for medical equipment procurement.

In the top level of policy guidance and the outbreak of market demand under the multiple superposition of good, our medical device industry is rapid capacity expansion, to spring, all the way!