According to a research report by CITIC Securities, in the medium and long term, the industry trend of the medical device industry is positive, and innovation, mergers and acquisitions, and internationalization will drive China's leading medical device companies to gradually grow into global leaders. The previous industry pressure was mainly related to policy influences. Most companies showed a performance growth trend of low at the beginning and high at the end throughout the year, and the performance improvement trend in the second half of the year was more obvious. It is expected that in the third quarter, many companies will benefit from the increase in new products and new businesses and achieve month-on-month improvement, or achieve high growth based on the low base of the same period last year. In terms of sub-sectors, some companies in the medical equipment sector will benefit from the high growth of industry bidding data and accelerated inventory digestion, and their performance will gradually improve. Some companies in the high-value consumables sector are expected to benefit from the gradual increase in new products and centralized procurement optimization policies, performance certainty and valuation repair. CITIC Securities is also optimistic about investment opportunities in new technology directions such as brain-computer interfaces, exoskeleton robots, AI medical care, and surgical robots.