Zhitong Financial APP learned that on September 14, affected by the news that the domestic medical device industry had entered a period of rapid development, A-share medical device stocks rose sharply in the afternoon. As of press time, 688161.SH and 002901.SZ pulled up the sealing board in the afternoon. Shares of Sanyou Medical (688085.SH), Kailitai (300326.SZ), Bairen Medical (688198.SH), Nanwei Medicine (688029.SH), Bohui Innovation (300318.SZ), and Cardiac Medical Services (688016.SH) rose.

China Merchants Bank research report pointed out: the domestic medical device industry has entered a period of rapid development, product structure adjustment, import substitution and internationalization is the key breakthrough direction in the future. There are many subdivisions in the medical device industry, which are generally divided into four categories: medical equipment, in vitro diagnosis, high-value consumables and low-value consumables, involving a wide range of clinical applications. The size of the domestic medical device market is 800 billion yuan, which is about 1/3 of that of drugs, but the industry maintains a trend of rapid growth. The annual growth rate of the device market is about 4 times that of the global medical device and domestic drug market. From the perspective of industrial structure, domestic medical device products are still mainly in the middle and low end, and the competition pattern is relatively scattered. In recent years, through independent research and development and overseas mergers and acquisitions, the innovation and competitiveness of domestic products have been continuously improved. Driven by innovation, the pattern that the localization rate of at least 1/3 of medical devices in China is less than 50% is expected to be changed. In addition, during the global spread of the COVID-19 epidemic, the export volume of most products more than doubled, laying the foundation for the internationalization of domestic equipment, among which emerging markets, including "Belt and Road Initiative" countries, will be an important area for domestic equipment export.