中国 医疗器械：2025 年业绩前瞻及 2026 年初步展望-China Healthcare-Medical Devices – 2025 Results Preview and Initial 2026 Outlook

January 20, 2026 05:15 PM GMT China Healthcare | Asia Pacific Medical Devices – 2025 Results Preview and Initial 2026 Outlook For 2026, IVD players will face ongoing pricing pressures, mitigated in part by import substitution. Medical equipment sales may see a modest recovery. Meanwhile, niche consumable segments could see additional gains on VBP and globalization tailwinds. Key OWs: Zylox & APT Medical; UW: Imeik. Key Takeaways Downgrade Imeik (300896.SZ) to UW from EW; PT unchanged at Rmb130: Intensifying ...