China Thai Securities: The medical equipment sector is expected to usher in a turning point in the third quarter.

The research report of Zhongtai Securities stated that the domestic medical device industry is still in a rapid development stage. In the short term, medical insurance cost control may have a negative impact on the medical device field, but they still have a positive outlook on import substitution and globalization development driven by innovation. At the current time, it is expected that multiple negative impacts are being fully released, and a phase turning point for the medical device sector is expected in the third quarter of 2025. They continue to be optimistic about: 1. Domestic enterprises are continuously improving their competitiveness under policy support and innovation-driven strategies, accelerating import substitution; 2. Bullish on targets with complete globalization layout and continuous breakthroughs in overseas markets; 3. Emphasizing investment opportunities in themes such as AI healthcare and brain-computer interfaces.