In early September, the National Standing Committee decided to provide phased financial interest subsidies for equipment renewal and renovation loans in certain fields, and increase credit support for the social service industry to promote consumption as the main driving force. Through policy subsidies and special refinancing, the State Council will strongly support the development of domestically produced scientific instruments.
Policy announcement brings another trend
In response to the decision of the National People's Congress, the National Health Commission will conduct a demand survey on the use of government subsidized loans to renovate and update medical equipment. The specific discount rate is 2.5 percentage points per year from the central government, targeting 9 major fields such as universities, hospitals, and small and medium-sized enterprises.
This time, the national and local finances have once again provided sufficient financial support for the new medical infrastructure, reflecting the government's emphasis on updating and upgrading medical resources.
At present, all provinces and cities are actively responding to the policy and have started investigating the demand for using government subsidized loans to update and renovate medical equipment. It can be seen that the demand for hundreds of billions of medical equipment updates and renovations across the country is about to be released, and the medical device industry will usher in a period of sustained market demand expansion.
A new wave of equipment procurement
From the market perspective, the introduction of government subsidized loans to support the upgrading and renovation of medical equipment is also a key component of new medical infrastructure in China. During the National Day holiday, news came from many places that multiple banks were working overtime to issue related loans. With a large amount of funds entering the account, a large number of medical equipment procurement projects will also follow, benefiting all medical equipment enterprises and suppliers.
After the launch of this policy, it has also caused a huge response in the industry, and many domestic scientific instrument manufacturers have become busy, launching comprehensive solutions based on their expertise.
