202608 Internal Reference | The Industry’s Skeletal Structure in the Year of Legislation

On August 28, the National People's Congress voted to pass the "Medical Security Law of the People's Republic of China." Effective January 1, 2027, oral medical consumables will be officially included in medical insurance, with regulatory oversight elevated to the level of national law. Over the past four years, from special rectification notices to coding systems, and then to the refinement of follow-up centralized procurement, the industry has been preparing for this day.

Meanwhile, the National Medical Products Administration simultaneously revised the "Measures for the Supervision and Administration of Online Sales of Medical Devices," prohibiting for the first time at the legal level the sale of Class III medical devices in livestream rooms, and released 15 new standards for the oral industry. The concentrated policy push has led to significant divergence in revenue growth rates and overseas proportions among digital dental enterprises.

Against this backdrop, the semi-annual report data of industry leaders has begun to reveal the "underlying structure": which companies are holding steady within the new framework, and which are facing pressure from structural adjustments...

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