TINAVI: The market of orthopedic surgical robots is "blowout".

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China Research Network

According to the recent financial report and first quarter report of TINAVI (688277.SH), the company has made significant progress in the field of orthopedic surgical robots. Among them, the number of surgeries in the first quarter of 2024 is particularly noteworthy, with the number of surgeries performed by the Dimensity orthopedic surgical robot exceeding 8,000, an increase of more than 80% over the same period last year. This growth trend began in the fourth quarter of 2023, and by the end of the first quarter, the number of related surgeries exceeded 10,000. So far, the cumulative number of surgeries performed by the company's Dimensity orthopedic surgical robots has exceeded 70,000.

This achievement reflects TINAVI's strong product strength and commercial capabilities in the field of orthopedic surgical robots. The volume of orthopedic surgical robots not only reflects the company's technical capabilities, but also reflects its service capabilities and sustainable development capabilities. With the continuous development of technology and the growth of market demand, TINAVI's orthopedic surgical robots are expected to occupy a larger share of the market.

At the same time, TINAVI is also facing some challenges in the industry. Although the demand for innovative medical equipment such as surgical robots in the market has gradually been released, the overall growth rate of the domestic medical market has slowed down and performance is still under pressure. However, with the promotion of policies and the gradual maturity of the market, TINAVI is expected to achieve better performance in the future.

Overall, TINAVI has made remarkable achievements in the field of orthopedic surgical robots and is expected to continue to maintain a good momentum of development in the future. However, when making decisions, investors also need to comprehensively consider factors such as the company's overall operating conditions, market environment, and industry development trends.

Looking back on the past year, the launch of orthopedic surgical robot products has also shown a "blowout" trend. According to incomplete statistics, a total of 13 orthopedic surgical robots will be approved by the NMPA for marketing in 2023, including 3 imported products and 10 domestic enterprise products. So far in 2024, 9 more products have been approved for marketing.

According to the analysis of the data service platform "Medical Equipment Wins" under the China Medical Equipment Association, in 2023, orthopedic surgical robot products will usher in the peak period of approval for listing, and domestic surgical robots will be concentrated on the ground, although the number of domestic products registered is large, but most of them will be registered and listed in 2023, and the market has not yet been fully opened.

According to the analysis of the China Research Industry Research Institute:

The surgical robot has been applied to general surgery, urology, cardiovascular surgery, thoracic surgery, gynecology, orthopedics, neurosurgery and other fields, which is a milestone in the development of clinical medicine. In the context of insufficient medical resources today, surgical robots are pinned on high hopes, and the da Vinci surgical robot has been standing in the spotlight, verifying its huge market potential. At the same time, surgical robots are developing rapidly under the promotion of policies and capital, and they are even more unique in the global capital market.

As an important representative of modern medical technology, surgical robots have shown a rapid development trend at home and abroad in recent years. In terms of import and export, there are significant differences and changes in the surgical robot market between different countries.

From the perspective of imports, the surgical robot industry has a strong dependence on imports. Taking China as an example, the number and amount of imported surgical robots are considerable. Especially in terms of import sources, the United States, Mexico and other countries are the main sources of China's surgical robot imports. This reflects the international competition pattern of surgical robot technology, and also shows that China still needs to strengthen independent research and development and technological innovation in the field of surgical robots to reduce its dependence on imported products.

From the perspective of exports, although the export volume of China's surgical robots is huge, the export amount is relatively low, which shows that the added value of China's surgical robot export products is low. This may be due to the fact that there is still a certain gap between China's surgical robots and the international advanced level in terms of technology research and development, brand influence, etc. Therefore, improving the added value and competitiveness of surgical robot export products is an important issue that China's surgical robot industry needs to face.

As for the industry prospects, the surgical robot market has huge development potential. With the continuous advancement of medical technology and the intensification of the aging trend of the population, surgical robots will play an increasingly important role in the medical field. At the same time, with the continuous growth of policy support and market demand, the surgical robot industry will usher in more development opportunities.

However, the development of the surgical robot industry also faces some challenges. First of all, technology R&D and innovation are the key to the development of the surgical robot industry. Only by continuously improving the technical level of surgical robots can we meet the growing clinical needs. Secondly, the application and promotion of surgical robots need to be recognized and accepted by doctors and patients. This requires strengthening the publicity and promotion of surgical robots and improving the public's awareness and trust in surgical robots.

To sum up, the import and export of surgical robots reflects the international competition pattern and market development trend of surgical robot technology. Although there is a certain dependence on China's surgical robots in terms of imports, with the continuous progress of technology and the growth of market demand, the surgical robot industry has broad development prospects. At the same time, China's surgical robot industry also needs to strengthen independent research and development and technological innovation to enhance the added value and competitiveness of export products to meet the challenges and opportunities of the international market.

From January to October 2023, China imported 573139 sets of surgical robots, with an import value of 226.001 million US dollars; In terms of exports, from January to October 2023, China exported 1819190 surgical robots, with an export value of 1.9351 million US dollars.

From January to October 2023, the main import sources of the surgical robot industry are the United States, Mexico, Dominica, Israel, Canada, France, Indonesia, and Germany.

The main export destinations of the surgical robot industry include the United States, Germany, Hong Kong, China, Russia, etc.

At present, the only export provinces of surgical robots in mainland China are Shanghai, Jiangsu Province, Guangdong Province and Beijing City. Among the four export provinces and cities, from January to October 2023, Shanghai's export value of surgical robots ranked first, reaching US$1.4539 million, accounting for 75.13%; followed by Jiangsu Province, with an export value of 380,500 US dollars; The export scale of Guangdong Province and Beijing City is relatively small.

With the intensification of population aging and the increase in the incidence of a variety of major diseases, higher requirements are put forward for surgical technology, and the characteristics of surgical robots with high precision, high stability and low trauma meet the market demand, and also help to alleviate and even solve the imbalance between supply and demand of medical services, and comprehensively improve the efficiency of medical supply.

If you want to know more about the detailed analysis of the surgical robot industry, you can click to view the research report of Zhongyan Puhua

Pay attention to the headline number "China Research Institute of Puhua Research Institute", reply to "free report" by private message, you can get a free report, come and get it quickly!