Based on product type, the dermatology devices market is segmented broadly into diagnostic and treatment devices. Diagnostic devices are further subdivided into dermatoscopes, other imaging devices, and biopsy devices. Treatment devices are also divided further into light therapy devices, lasers, electrosurgical equipment, liposuction devices, microdermabrasion devices, and cryotherapy devices. Based on application diagnostic products are divided into skin cancer diagnosis and others. treatment devices are divided into hair removal, skin rejuvenation, acne, psoriasis, and tattoo removal, wrinkle removal and skin resurfacing, body contouring and fat removal, cellulite reduction, vascular and pigmented lesion removal, and others. based on end use, the market is divided into hospitals, clinics, and others.

Collaborative robots have opened up a new dimension of automation across multiple industries. Most importantly, the technology is gaining traction among established as well as new players because of its mobility and low cost. Unlike heavy industrial robots, collaborative robots share workspace with humans, augmenting their capabilities and capacities. The technology proves to be a boon to the small and medium enterprises as it helps them to scale up easily with less man power.

Egypt is among the top-five largest medical device markets in the MENA region. Per capita medical device spending is below the regional average. The medical device market will record a high 2017-2022 CAGR in US dollar terms. Egypt has a large diagnostic imaging segment considering its overall market size. The medical device market is largely reliant on imports. • Local production is limited to basic consumables and other medical devices. There is a growing presence of medical device multinationals through joint ventures with local partners or through sales offices. Private health expenditure accounts for about 60% of health expenditure. There is a growing trend towards privatisation due to a declining public healthcare sector.

Technological advancements in the market in recent years have rapidly increased the growth of hernia mesh devices market. In 2014, two TeleRobotic systems known as da Vinci Robotic Surgical by Intuitive Surgical and Zeus Robotic Surgical System by Computer Motion received FDA approval. These devices provide efficiency, lower recurrence rate, and facilitate quicker recovery. These devices are permitted to perform surgeries strictly under the supervision of one surgeon present in the operating room. Both devices were found to be safe as they were completely controlled by specialized techniques. Moreover, they provide accuracy as they offer a 3D view of the surgical site to surgeons. This facility of 3D imaging provides a clearer view as compared to infrared technology used by surgeons in laparoscopic hernia repairs.

2018 年上半年通信行业营收保持平稳。从营收规模看，通行行业实现营收3017.73 亿元，在申万各行业营收规模中排名第 18 位，同比增长 3.97%，增速位于申万子行业中第 26 位；实现归母净利润 106.14 亿元，同比增长17.64%。剔除中兴通讯，整个板块营收同比增长 24.37%。 

惯性导航是以惯性仪表为核心的惯性系统集成之一。在惯性技术领域，从技术层次来看，分为惯性仪表与惯性系统两个层级，惯性仪表主要包括测量角运动的陀螺仪和测量线运动的加速度计；惯性系统是以惯性仪表为核心．利用集成技术实现的惯性测量、惯性导航以及稳控系统，其中惯性导航应用领域最为广泛。

云计算方面，我们已经进入一个数据爆炸的时代，云计算的需求越来越大，根据Cisco数据，2021年全球数据中心IP流量将达到20.6ZB，16-21年复合增速达到25%。相应的，超大规模数据中心数目将迎来快速增长，并且在整个数据中心中占比会持续提升，17年全球超大规模数据中心数目386个，占比32%，2021年将达到628个，占比53%。在全球提供云计算、云服务的公司的资本开支也可以得到验证，2017年全球在云数据中心的资本开支是410亿美元，2021年将达到1080亿美元，同比增长2.6倍。大规模数据中心的建设会增加服务器PCB的用量，由于数据中心承载流量大及传输速度快，对PCB的层数和材料都有很高的要求，会大幅拉动高端通讯板的需求。

2018 年8 月15 日，北京亦创国际会展中心举办了2018 年世界机器人大会。我们深度走访了近百家机器人企业，为大家带来产业、行业、企业三个层面的深度调研报告，本篇介绍服务机器人领域。

通用平台兴起，迈向AGI：近日，Gartner 发布2018 年新兴技术成熟度曲线，该曲线揭示了包括AI 民主化、数字化生态系统、Biohacking、透明沉浸式体验以及无处不在的基础设施的五大趋势。基于Gartner 的预测，人工智能正在向通用技术平台方向发展。

2017 年底以来，北斗三号进入全球组网密集发射期，至 2018 年 9月已通过“一箭双星”技术快速完成了 13 颗北斗三号卫星的发射。北斗作为国家重大空间信息基础设施获得“十三五” 规划重点支持，国际上对 GNSS 建设投资力度不减，其中 GPS- III 系列卫星在全速生产中，将于年底发射第一颗星开启 GPS的升级换代进程。我们认为，更高性能的 GNSS 系统在国防、物联网、智能驾驶等领域巩固领先，因此 GPS 等技术也在加速升级和换代，北斗作为最年轻的 GNSS 系统具备后发优势，有望加快对国际领先技术的追赶并带来产业的繁荣。

市场以“主题投资”的思路去定义当前通信行业的投资机会，采取波段操作。而我们认为，2018年下半年开始，通信行业景气度反转——2018下半年、2019上半年国内4G网络面临大扩容，2019下半年5G建设势在必行。所以，当前通信行业投资要具有“长期思维”。

自8月1日美国宣布制裁44家中国军工企事业单位以来，军工板块出现较大跌幅，申万军工指数自8月1日至今跌幅7.56%，当前板块处于历史底部位置。我们认为，美国制裁事件短期内对我国军工行业基本面以及板块内上市公司业绩影响非常有限，但是对市场情绪影响较大，8月1日以来申万军工板块资金净流出50.31亿元，从而导致军工板块大幅下跌。

2018 年，在中美贸易战升级、去杠杆监管政策以及汇率继续走弱等外部因素的影响下，计算机行业整体虽有所下跌，但是表现出明显的抗跌性。2018 年前8 个月计算机行业的涨幅位于28 个申万一级行业的第2 名，仅下跌9.75%。目前计算机整体基本面表现可圈可点，不少上市公司2018 年中报的盈利情况持续快速增长或边际改善，自主可控、云计算、网络可视化、零售技术、金融IT 等多个细分行业具有极高的成长性，计算机行业获得公募基金青睐，无论是基金的持仓占比还是持仓基金数都呈现明显的提升趋势。