Trends in medical device industry: high growth in policy-intensive sectors

The main points:

Industry policy favorable intensive period

Recently, the Ministry of Science and Technology's special project "Special Plan for Scientific and Technological Development of Medical Devices Industry 2011-2015" has been completed. It is expected to be issued in the near future after extensive consultation with medical device manufacturers. The "Special Plan" covers basic medical devices and high-end products. There are 10 types of key basic equipment related to primary medical care, including ultrasound color ultrasound equipment; in the high-end product areas, the plan will focus on solving the problem of high value consumables, and strive to achieve its pricing power. In addition, planning will also break through in the medical device service business. It is expected that China's home medical device market, primary medical equipment, and medical consumables will continue to grow rapidly in the next few years, which will promote the development of domestic medical devices, primary medical devices, and medical consumables listed companies. Companies such as Yu Yue Medical (002223, stocks), Bao Wright (300246, stocks) and Yang Pu Medical (300030, stocks) and so on.

In addition, after the issuance of the new version of GMP, the 12th Five-Year Plan for the pharmaceutical packaging industry is also under development. Its main task is to increase industry concentration through joint, merger, reorganization and other means.

At present, there are more than 1,500 manufacturing companies in the domestic pharmaceutical packaging industry. However, the problems of small scale and low-end products have hindered the development of SMEs in the industry. The expansion of the industry's production capacity has basically been completed and is facing a new round of reshuffling. The Twelfth Five-Year Plan for Pharmaceutical Packaging will urge companies to move forward in the direction of developing new products, optimizing product structure, and reducing technological costs through product transformation. We believe that the new GMP and pharmaceutical packaging industry's 12th Five-Year Plan companies are good, East Fu Long (300171, stock bar), Qianshan Pharmaceutical Machinery (300216, stock bar) and the largest pharmaceutical glass packaging company in Shandong Province, Shandong Pharmaceutical Glass (600,529 , Share it) etc. (Author: Shanghai Securities)