Core Viewpoint - The article discusses the evolution and current state of the ultrasonic soft tissue surgical knife market in China, highlighting its transition from a high-end energy platform to a standard surgical tool in hospitals, and the implications of market maturity and competition for future investment opportunities [1][2]. Market Evolution - Over the past decade, the ultrasonic soft tissue surgical knife has shifted from being imported to domestic alternatives dominating the market, particularly after the implementation of centralized procurement which reshaped pricing and market dynamics [2][3]. Competitive Landscape - The market is characterized by intense competition with numerous participants, leading to price compression and product homogenization, raising questions about profitability and future growth potential [2][3]. Structural Innovations - Despite entering a mature phase, there are still several structural opportunities within the market, including wireless technology, smart features, procedure adaptability, service-oriented business models, and overseas market potential, which require a deep understanding of clinical needs and long-term commitment from companies [2][3]. Investment Judgments - The report aims to provide insights for industry stakeholders, including comprehensive market, technology, and export perspectives, as well as clear risk assessments and investment pathways for investors [3][4].