Localization trend accelerates the development of medical equipment, over 300 million large singles, 9 shares

Recently, China Medical Equipment Association released the first batch of "Excellent Domestic Medical Equipment Product Selection Results". It is reported that at the end of May this year, the China Medical Equipment Association was commissioned by the Planning and Information Department of the Health Planning Commission to establish a catalogue of excellent domestic medical equipment products. This time, the selection of three items including digital X-ray machine (DR) was carried out. The result involved 96 products from 27 companies.

In this regard, analysts said that the publication of this selection catalogue is one of the landmark events in the "GPS" process of medical devices, which is of great significance for accelerating the localization of medical devices. The specific embodiment is: First, the national health authority Vigorously promote the selection of domestically-made excellent medical equipment, indicating the attitude of policies to promote the development of domestically-owned brand medical equipment. It is expected that there will be more policies to promote the localization of equipment in the future. Second, the catalogue for this announcement will be the future. The provision of medical equipment by the health and family planning organization provides a reference, which will greatly increase the proportion of hospitals purchasing domestic medical equipment.

Affected by this news, the medical device sector has been gaining momentum since this week. The cumulative growth of Bohui Innovation, Jiashitang and Ruikang Pharmaceuticals in the sector has exceeded 10%, which are 17.04%, 11.31% and 10.25% respectively.

From the perspective of capital flow, a total of 13 medical device concept stocks have achieved a net inflow of large single funds since this week. Among them, Jiashitang, Lepu Medical, Ruikang Medicine, Yuyue Medical, Jiu'an Medical, Libang Instrument, China Resources Van. The net inflow of accumulated large single funds during the period of 9 stocks including East, Shangrong Medical and Hejia shares exceeded 10 million yuan.

From the fundamentals of the industry, from January to September 2014, the revenue growth rate of the medical device sub-sector was 14.73%, and the profit growth rate was 6.30%. Compared with the data from January to August, the revenue growth rate decreased by 0.84%, and the profit growth rate was slightly smaller. It rebounded by 0.7%. Compared to 2013, revenue and profit growth continued to slow down. The uncertainty of the overseas economy and the slowdown in export growth are the main reasons for the decline in growth rate.

In terms of development status, since 2014, the Internet companies with the first BAT, and PEs and VCs from all walks of life have been betting on Internet medical care with unprecedented enthusiasm.

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