中信建投:医疗器械行业季度业绩改善明显,关注长线布局机会

格隆汇
Sep 04
中信建投研报指出,截至26Q2,医疗器械已经连续四个季度实现正增长,并且四年来首个季度实现归母净利润正增长,展现出行业良好的业绩恢复趋势。25年器械行业整体利润端大幅下滑,主要受IVD行业集采、医疗服务价格调整等多项政策以及低值耗材部分公司一次性减值计提和汇兑损益等影响。展望后续行业发展,随着耗材集采对行业的影响逐步出清,创新产品落地后的商业化兑现以及国产企业加速海外业务落地,医疗器械行业有望开启新一轮的良性发展周期。

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