Core Viewpoint - The global competitiveness of Chinese medical device companies is continuously improving, with some companies already ranking among the top three in global market share in relatively mature fields [1] Industry Summary - In the IVD (in vitro diagnostics) sector, the export of Chinese medical device companies is just beginning, and the related business currently occupies a low proportion within listed companies but is experiencing rapid growth [1] - The advantages of Chinese medical devices include cost-effectiveness and quick response times, which support the optimistic outlook for the international expansion of these companies [1] - Despite impressive bidding data this year, the medical device sector faces inventory reduction pressures, leading to continued performance challenges for listed companies [1] Company Summary - As inventory in the medical device industry gradually decreases, the performance of listed companies is expected to improve, with current market valuations being relatively low [1] - The long-term outlook remains positive as the global competitiveness of Chinese medical device enterprises continues to rise [1]