The medical industry has achieved very rapid growth over the past 15 years. However, in the capital market,Intraluminal Stapler compared with other related industries such as pharmaceuticals and distribution,Intraluminal Stapler the investment in the medical device industry is relatively small. However,Intraluminal Stapler this also represents a great room for future development of medical devices.
Last year, China's entire pharmaceutical industry was probably worth more than 2 trillion yuan, and medical devices accounted for less than 15%, that is,Intraluminal Stapler the size of the pharmaceutical industry was about 7 times that of medical devices. From the perspective of profit and growth space,Intraluminal Stapler comparing the A-share listed medical device companies with Hong Kong listed medical device companies, we can see that this industry has a relatively high profit ratio. In terms of market value,Intraluminal Stapler the market value of China's medical device industry is about 7%,Intraluminal Stapler and the United States is almost 21%, so our room for growth is very considerable. In terms of valuation, in more mature markets such as the United States,Intraluminal Stapler medical devices are relatively highly respected, and valuations are higher, indicating that everyone is still very optimistic about this industry. We found that the future general trend is mergers and acquisitions,Intraluminal Stapler at least in the pharmaceutical and other fields.
Looking back at the past and looking forward to the future,Intraluminal Stapler it is expected that mergers and acquisitions,Intraluminal Stapler especially M&A (corporate mergers and acquisitions, including the two meanings and methods of mergers and acquisitions) will play an important role in the capital market. We have counted the A-share listed companies and compared the cash flow of the past three years with the current through financial accounting. We believe that half of the companies in the A-share market have the ability to do M&A. This will be a relatively large trend in the future.
Although the current gap between domestic companies and those in advanced regions is still relatively large.
