Broker Turns Bullish on China Medical Equipment After 3Q26 Tender Recovery

Very Bullish · $300896.SZ · $300760.SZ · $300633.SZ

What Happened

Kaiyuan Securities reports that China's medical equipment public tender market grew 7.83% year-on-year in 3Q26, ending the negative growth seen in 1H26. Growth was led by radiotherapy equipment (+74.33%), medical imaging (+20.64%), life support (+12.51%), and surgical equipment (+1.82%).

Bottom Line

Kaiyuan Securities strongly favors a turnaround in the medical equipment sector, highlighting robust 3Q26 tender data and naming several leading companies as key beneficiaries.

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