1）政策：医保政策明确提出“赋能经济发展”，创新药是政策明确鼓励和支持的方向。2）行业：整体就诊处于平 稳增长态势，次均费用下降已在部分区域观察到企稳态势。3）产业：产品竞争力显著提升，更多公司嵌入全球医药 产业链。

This report provides a comprehensive and current market scenario of the GLOBAL DENTAL IMPLANTS MARKET, which includes market size, anticipated market forecast, relevant market segmentations, and industry trends.

Distraction osteogenesis is a technique employed in the context of reconstructive orthopedic surgery, podiatric surgery, as well as oral and maxillofacial surgery for the correction of skeletal deformities. This method entails the deliberate cutting and gradual separation of the bone, facilitating the natural healing process to bridge the gap. Distraction osteogenesis devices are specialized medical tools designed to facilitate the elongation of bones during the distraction osteogenesis process. The devices used typically include distraction devices and others that enable controlled and precise adjustments.

Distraction osteogenesis is a technique employed in the context of reconstructive orthopedic surgery, podiatric surgery, as well as oral and maxillofacial surgery for the correction of skeletal deformities. This method entails the deliberate cutting and gradual separation of the bone, facilitating the natural healing process to bridge the gap. Distraction osteogenesis devices are specialized medical tools designed to facilitate the elongation of bones during the distraction osteogenesis process. The devices used typically include distraction devices and others that enable controlled and precise adjustments.

制药产业链：1）处方药：整体业绩稳健上涨，创新准入推动持续爬坡；2025年催化密集。2）医药外包：海外需求逐步恢复，国内需求等待回暖。3）国内科研端需求稳定，远期看产业链国产替代势在必行。医疗器械及服务：1）医疗器械：24年板块整体承压，Q4呈现边际改善；各细分板块业绩增速分化，行业合规因素影响边际减弱。2）医疗服务：预计24Q4板块收入低速增长。

全球医疗器械产业概况。根据深圳市医疗器械行业协会整理的数据，2023 年全球医疗器械市场规模为 5952 亿美元，并将以 5.71%的年复合增长率保持增长，至 2027 年全球医疗器械产业规模 将达到 7432 亿美元。从市场分布看，欧洲和美国市场约占全球医疗器械市场的 70%，发达国家因具备先进的医疗体系和较高的个人健康意识，人均医疗器械费用远超 100 美元；亚太、拉美、中东、非洲等发展中国家市场整体市场占比约 30%，但与欧美地区不足 10 亿的人口相比，发展中国家总人口超过 70 亿，预计后续市场空间增速将快于发达国家市场。

在时代的洪流中，按摩足疗这一古老而充满智慧的行业，正以其独特的魅力与不断创新的姿态，成为 现代人追求健康生活的重要一环。 后疫情时代，人们对身心健康日益关注，按摩足疗行业迎来了前所未有的发展机遇:它不仅是一种健 康养生方式，也是一种心灵慰藉，更是一种生活艺术。通过将按摩、娱乐、健身、SPA等多种休闲功 能巧妙融合，按摩足疗行业不仅满足了人们日益多样化的需求，更显著提升了行业的综合竞争力。 我们看到，越来越多的足疗店开始注重服务品质的提升，将传统技法与现代科技相结合，为消费者提 供更加个性化、专业化的服务体验。这种转变不仅赢得了市场的认可，更为行业的可持续发展奠定了 坚实的基础。

保健品行业是一个需求景气度向上的消费细分赛道，在与机构投资者密集 沟通交流后，我们发现市场对于保健食品的定义、蓝帽子的概念与申报要 求、注册制与备案制的审批流程、保健品行业的监管体系等问题较为关注， 但也存在概念混淆。我们针对于市场关注的保健食品蓝帽子的相关问题进 行了如下的系统性梳理:

A stool test can reveal the presence of blood or other gastrointestinal abnormalities such as colon or gastric cancer, inflammatory bowel disease, hemorrhoids, anal fissures, or infections. Microscopic inspection and chemical, immunologic, and microbiologic testing are all part of the stool analysis process. Leukocytes, lipids, sugars (reducing substances), pancreatic enzymes, alpha-1 antitrypsin, calprotectin, occult blood, and infectious causes (bacteria, viruses, and parasites) can all be detected in stool samples.

Veterinary endoscopy is a procedure where the inside of the animals body is examined using an instrument called an endoscope. A veterinary endoscopy device is a long, thin, flexible tube that has a light source and camera at one end. Images of the inside parts of the animal body are relayed to a television screen.