中国医疗器械市场未来仍将保持高速增长趋势，在医改政策等驱动因素的影响下，部分领域的国产产品有望快速放量&实现国产替代，有创新技术及核心竞争优势的部分企业将脱颖而出，优质赛道中的白马龙头有望继续享受较高估值溢价。重点推荐迈瑞医疗、欧普康。

12月10日，国家卫建委、国家医保局、国家中医药管理局联合发布《关于深入推进“互联网＋医疗健康”“五个一”服务行动的通知》公告，强调进一步聚焦人民群众看病就医的“急难愁盼”问题，持续推动“互联网＋医疗健康”便民惠民服务向纵深发展。

过去一周A股医药股板块指数下跌2.14%，上证综指下跌2.83%，深证成指下跌3.362%，创业板指下跌1.5%%。

投资建议：维持“强于大市”评级。2018-2020 年，行业政策方向已经明晰，我们预计2021 年仍然处于行业政策密集推广的阶段，建议回避受政策压制领域，坚守政策免疫且符合行业发展趋势的高景气细分龙头。

Smart insulin works according to the blood glucose concentration i.e. higher the blood glucose higher is the concentration of insulin released and lower the blood glucose lower is the concentration of insulin released. The report provides market dynamics and trends related to the smart insulin or glucose responsive insulin market. In addition, it presents the market estimations and forecast. The study estimates the revenues that are confined to the sales of smart insulin devices used in diabetes monitoring and management. However, the market estimates do not include revenue generated from the postsale services of the devices.

Hand sanitizer dispenser is a hand cleansing unit, which can be self-standing or used in combination with other hygiene stations. Hand sanitizer dispenser machines are available with different capacities, sizes, and operation modes. They are generally installed in public and commercial places such as offices, railway stations, and washrooms. The recent outbreak of COVID-19 has created more demand of hand sanitizer dispenser machines. In addition, they are user friendly and low in maintenance. Thus, the market is expected to grow during the forecast period.

Hand sanitizer dispenser is a hand cleansing unit, which can be self-standing or used in combination with other hygiene stations. Hand sanitizer dispenser machines are available with different capacities, sizes, and operation modes. They are generally installed in public and commercial places such as offices, railway stations, and washrooms. The recent outbreak of COVID-19 has created more demand of hand sanitizer dispenser machines. In addition, they are user friendly and low in maintenance. Thus, the market is expected to grow during the forecast period.

多联苗：四联苗、五联苗保持快速增长，2020年1-11月，康泰生物四联苗批签发数量为466万支（+32%）；赛诺菲巴斯德五联苗批签发量为630万支（+50%）。三联苗由于药品注册文号失效，2019年7月后无批签发数据。

The report provides market dynamics and estimation, trends, and forecast related to the global enteral feeding devices market. The study estimates revenue of a company generated from the direct sales of enteral feeding devices such as pumps, tubes, syringes, giving sets, and consumables. These devices directly deliver complete feed into stomach and intestine. It does not include revenue generated by dealers, traders, or brokers involved in the supply of these products to hospitals or clinics for enteral feeding. Furthermore, revenue generated from types of enteral feeds and revenue generated from the consulting services provided by the doctors at hospitals and clinics is also excluded from the report.