西部证券:器械创新+出海双轮驱动 医疗消费反弹在即

智通财经
Dec 17, 2025

智通财经APP获悉,西部证券发布研报称,今年以来医药行业细分板块表现分化,医疗器械、医院板块持续受到宏观消费疲软、医保资金收紧、集采影响延续等因素的影响,业绩有所承压,目前医疗设备、医院、线下药店、医药流通、中药目前估值分位点处于10年历史低值,处于超跌位置。在国家推出多项政策大力支持创新器械,加强基层医疗服务建设的背景下,该行认为医药板块仍具备较大潜力,推荐关注医疗器械、医疗消费及线下药店方向。...

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