The same are high-value consumables, and the above-mentioned motivations and logics of different business characteristics are also different, which can explain the difference in the acceleration of their revenue against the trend in the past few years. Differences in the extent of revenue acceleration of different high-consumption companies:

Single Use Intraluminal Stapler

3mm Pediatric Trocar

China Laparoscopic Incision Singe Port

China Surgical Smoke Filter Equipment

A. Zhenghai Biology has not accelerated too much, and the penetration rate of the brain dura mater is already high. It is difficult for Zhenghai Biology to accelerate significantly even if it has excellent operating efficiency; Lepu stents also have a high industry penetration rate, which makes it difficult to accelerate significantly;

B. The acceleration of MicroPort Medical’s domestic revenue and Lifetech Technology is significantly better than that of Lepu’s stent business. One key is the continuous approval of MicroPort Medical's domestic business and LifeTech's innovative medical devices, which have brought additional revenue growth; 

C. Jianfan Bio’s revenue has accelerated significantly. In addition to the company’s internal business rhythm, medical insurance support and hospital incentives have a positive impact. Opcom has certain attributes of consumer medical care, and is less sensitive to support such as medical insurance, and is not a simple replacement. As an innovative product market education, it has its own natural growth rate constraints;

D. In orthopedics, the revenue acceleration of Weigao Orthopedics (first domestic spine) and Double Medical (first domestic trauma) is significantly weaker than iKang Medical and Chunli Medical (domestic joint joints). To a large extent, the penetration rate and localization rate of joints are lower. In the past two years, the increase in penetration rate and localization rate has also been greater. To put it simply, low localization rate, low penetration rate, and rich innovation layout are even more beneficial.

Why is it said that high-value consumables are the "golden track" in the field of medical devices? One is the business nature of high-sensitivity of quality and safety, which brings a natural and higher profitability basis for high-value consumables. One is that China's high-value consumables are accelerating against the trend due to high-speed domestic substitution and public hospital reforms.