The sudden and temporary surge in revenues generated by medical device companies due to the COVID-19 pandemic makes it hard for them to maintain subsequent high revenues. Also, the centralized drug procurement policy implemented has had a sweeping impact on China. Therefore, there's no doubt that oversea expansion and the development of innovative products with foresight have become pressing priorities.
Steve Jobs once said, "A lot of times, people don't know what they want until you show it to them."
Like the emergence of iPhone, a product geek will bring about a dramatic change in the entire industry. The next decade is considered to be the era of the medical industry, and we believe that there will be a disruptor in the industry. The IHMD Summit hopes to find a "product geek" in China's medical device industry, to redefine domestic medical devices, and to enhance the global influence of domestic devices. The emergence of a disruptive domestic medical device product will mark the real beginning of the replacement of domestic products for foreign products.