Industry Summary - The Shanghai Municipal Government has issued an action plan to promote the development of the high-end medical device industry, aiming to approve over 500 new domestic Class III medical device registrations and over 100 products in overseas markets by 2027 [1] - The plan focuses on developing high-end medical imaging, high-end implantable devices, high-end surgical systems, high-end artificial intelligence medical devices, and innovative new devices, with a target annual output value exceeding 10 billion [1] - The plan emphasizes support for innovative medical devices through commercial health insurance and aims to streamline the approval process for innovative products, enhancing the commercialization pathway for these devices [1] - Policies will allow high-value innovative medical devices and services to be grouped independently in DRG/DIP reforms, increasing payment standards and removing restrictions on high case volume limits, indicating a clear direction for payment improvements in the medical device industry [1] Company Summary - United Imaging Healthcare has established a comprehensive product line that includes medical imaging equipment, radiation therapy products, and life science instruments, launching over 120 products, including MRI systems [2] - TransMedics focuses on a range of products primarily in tumor detection, autoimmune diseases, hormones, cardiovascular diseases, pathogen infections, and reproductive health [2]