中泰证券：医疗器械板块已进入拐点区间 不同细分拐点节奏或有差异

Core Viewpoint - The domestic medical device industry is in a rapid development phase, with short-term challenges from medical insurance cost control and international conditions, but the outlook remains positive due to innovation-driven import substitution and globalization [1] Group 1: Industry Overview - The medical device sector is currently experiencing a turning point, with various sub-sectors showing different rhythms of change [1] - Multiple negative impacts are expected to be fully released at this time [1] Group 2: Investment Insights - There is a strong outlook for domestic companies to enhance competitiveness and accelerate import substitution due to policy support and innovation [1] - Companies with a well-established global layout and continuous breakthroughs in overseas markets are favored [1] - Investment opportunities in themes such as AI in healthcare and brain-computer interfaces are emphasized [1]