Investment strategy for the second half of the medical device industry in 2016: Focus on the impact of grading diagnosis and treatment on the industry

Medical device clinical trial verification work quickly implemented

The clinical trials conducted before the June 1st, 2016 in the application for medical device registration will be supervised and spot-checked, and the clinical trials of medical devices carried out from June 1 will be managed according to the new “Quality Management Regulations for Clinical Devices Clinical Trials”. .

The grading diagnosis and treatment advancement, the Health Planning Commission announced the standard of medical equipment in county hospitals

The Health Planning Commission has formulated the "Basic Standards for Medical Service Capabilities of County Hospitals" and "Recommendation Standards for Medical Service Capabilities of County Hospitals", which stipulates the standards for medical equipment in county-level hospitals, including basic equipment and facilities, basic equipment for wards, and ward units. Basic equipment, as well as specialist equipment in four categories.

In the past month, the medical device sector index outperformed the Shanghai and Shenzhen 300 Index by 2.68 percentage points.

As of June 6, according to the 1-month interval statistics, the medical device index rose 4.23%, outperforming the CSI 300 index by 2.68 percentage points, outperforming the biomedical index by 2.75 percentage points, ranking first among the biomedical sub-sectors.

Investment Advice

Maintain “overweight” rating for medical device industry in the next 12 months

When investing in the second half of 2016, it is recommended to pay attention to the following main lines:

1) The state strongly supports the development of high-performance medical devices, which is good for importing high-end medical equipment manufacturers with strong expectations;

2) The implementation of the grading diagnosis and treatment system, the sinking of medical resources, opening up a larger demand market for domestic medical equipment, especially some basic medical equipment and household medical equipment;

3) China's in-vitro diagnostic industry is developing rapidly, especially in sub-sectors such as POCT, chemiluminescence, and molecular diagnostics. It is expected to usher in faster development due to the favorable effects of some medical reform and new policies such as reducing the proportion of drugs and grading diagnosis and treatment.

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