"For all medical device companies, this is a major positive development, a feast, and a shot in the arm for the industry." From April 11th to 14th, the 89th China International Medical Equipment (Spring) Expo (CMEF) was held in Shanghai. Chen Gang, the vice president of Kaili Medical (300633), a leading domestic endoscope company, expressed the above view in an interview with The Paper when he was being interviewed.

On March 13th, the State Council released the "Action Plan for Promoting Large-scale Equipment Upgrades and Recycling of Used Consumer Goods" (hereinafter referred to as the "Recycling Plan"), requiring that by 2027, the investment scale of equipment in industries such as industry, agriculture, construction, transportation, education, tourism, and healthcare should increase by more than 25% compared to 2023.

Medical devices are an important part of the aforementioned trade-in program. In the section of implementing equipment renewal actions, the trade-in program states that efforts should be made to strengthen the construction of a high-quality and efficient medical service system, promote the iterative upgrading of equipment and information facilities in medical institutions, and encourage qualified medical institutions to accelerate the renewal and upgrading of medical equipment such as medical imaging, radiotherapy, remote diagnosis, and surgical robots. Promote the renovation and improvement of medical institution wards, and make up for the shortcomings in ward environment and facilities.

Director Zheng Zegai of the National Development and Reform Commission previously also stated that with the deepening of high-quality development, the demand for equipment renewal will continue to expand. Preliminary estimates suggest that this is a huge market of over 5 trillion yuan. Facing this trillion-dollar market, domestic medical device manufacturers have already taken actions.

In terms of domestic medical device manufacturers, leading companies such as Mindray Medical (300760), Yuyue Medical (002223), and Kai Li Medical have all announced their own trade-in programs previously. Chen Gang introduced that in this industry feast, each company will present its own advantageous products. Kai Li Medical's products in the four major fields of ultrasound medical imaging, digestive and respiratory endoscopy, minimally invasive surgery, and cardiovascular intervention are always ready. Kai Li Medical has also done a lot of work in market promotion, such as strengthening training for grassroots doctors and providing suitable solutions for different levels of hospitals. It is believed that through these measures, the application fields of products will be maximally expanded and a broader market will be opened.