On March 13th, the State Council issued a notice on the issuance of the Action Plan for Promoting Large scale Equipment Renewal and Consumer Goods Exchange (hereinafter referred to as the "Plan") (original text at the end of the text)

The plan points out that by 2027, the scale of equipment investment will increase by more than 25% compared to 2023, helping industrial upgrading, promoting high-quality development, and injecting strong impetus into the economy!

It is understood that this large-scale equipment update is an effective way to boost domestic demand, eliminate outdated production capacity, promote industrial structure upgrading, and achieve high-quality development. The plan emphasizes that by 2027, the investment scale of equipment in industries, agriculture, construction, transportation, education, cultural tourism, medical and other fields will increase by more than 25% compared to 2023.

In 2023, the investment scale of equipment in key areas such as industry and agriculture in China is approximately 4.9 trillion yuan. That is to say, the market size of this round of equipment updates will exceed 6 trillion yuan, bringing huge opportunities to countless enterprises.

At the same time, as one of the seven key areas of focus for this round of equipment updates - medical equipment, the Plan emphasizes the improvement of the level of education, culture, tourism, and medical equipment.

Strengthen the construction of a high-quality and efficient medical and health service system, promote the iterative upgrading of medical and health institution equipment and information facilities, and encourage qualified medical institutions to accelerate the updating and transformation of medical equipment such as medical imaging, radiation therapy, remote diagnosis and treatment, and surgical robots.

Promote the renovation and improvement of medical institution wards, and fill the gaps in ward environment and facilities.

It can be seen that this round of equipment updates will bring more development opportunities for domestic high-end, innovative, and artificial intelligence medical equipment, directly benefiting a large number of excellent domestic high-end equipment enterprises. The plan clearly states that the government should play a role, increase policy support in finance, taxation, investment, and other areas, guide businesses to make moderate concessions, and form a scale effect of renewal and replacement.

Using refinancing policy tools to guide financial institutions to strengthen their support for equipment updates and technological upgrades; The central government provides certain interest subsidy support to bank loans that meet the conditions for re loan reimbursement.

Obviously, in the new round of equipment updates, the national finance will increase subsidies and bank loans will also provide support, which will greatly stimulate the motivation of medical institutions to update their equipment.

This series of policies, in the context of prioritizing domestic procurement in recent years, will undoubtedly directly benefit many domestic medical device enterprises and inject strong impetus into their development.