With the improvement of global health awareness and the continuous advancement of medical technology, the medical device industry is ushering in unprecedented development opportunities. Medical devices are not only an important support for protecting people's lives and health, but also a key force to promote medical and health undertakings and economic and social development. Therefore, for the development of the medical device industry, the state has introduced a series of good policies in recent years to promote the innovation, upgrading and high-quality development of the industry. In the "14th Five-Year Plan" for the development of the medical equipment industry, the development goals and key tasks of the medical equipment industry during the "14th Five-Year Plan" period were clarified, and policies and measures such as strengthening the originality and leading medical equipment research, strengthening the application promotion and demonstration application of medical equipment were put forward to promote the rapid development of the medical equipment industry. In addition, the state has also issued a series of regulations and standards related to medical devices, such as the Regulations on the Supervision and Administration of Medical Devices, the Measures for the Administration of Medical Device Registration, etc., to regulate the production, circulation and use of medical devices and ensure the safety and effectiveness of public devices. The introduction and implementation of these policies have provided strong policy support and institutional guarantee for the innovation and development of the medical device industry, promoted the rapid development and upgrading of the industry, and also helped to enhance the international competitiveness of the domestic medical device industry.
Shandong Baiduoan Medical Device Co., Ltd. is a national high-tech enterprise committed to applying medical material modification technology to implantable and interventional medical devices, and has formed a technology platform with medical material modification, precision processing and vascular access digital diagnosis and treatment as the core through independent research and development and continuous innovation. With its strong innovation ability and continuous R&D investment, Baiduoan has formed a multi-series product line covering vascular access, neurosurgery, other material modification and other fields, and has made significant contributions in the field of medical devices, providing patients with safer and more efficient diagnosis and treatment solutions.
As disclosed in the prospectus, Baiduoan's main products have passed the YY T0287 domestic quality standard and ISO13485 international quality standard system certification, 5 products have obtained CE certification, and Baiduoan has been recognized as a demonstration enterprise for the implementation of medical device production quality management standards in Shandong Province. In order to respond to national policies, meet market demand and promote the sustainable development of the company, Baiduoan has made major plans in terms of future development strategy.
We will continue to adhere to the innovation-driven development strategy, continue to promote the establishment of R&D projects, adopt the R&D strategy of developing personalized customized products and innovative medical devices as the starting point, rely on the R&D system dominated by independent R&D and the combination of production, education, research and medicine, and continuously develop new products through multidisciplinary cooperation, innovative technology and medical-engineering intersection and transformation, and drive the sustainable development of the company through innovation. At the same time, Baiduoan will further improve its sales product portfolio, expand its production scale and enhance its core competitiveness and sustainable development ability by giving full play to its competitive advantages in production, R&D, sales, quality management, and service.
It is believed that in the near future, through the implementation of the development strategy, Baiduoan will achieve greater development in innovation, industrial structure optimization, talent training and introduction. We will also set a new benchmark in the medical device industry and provide more excellent and humanized medical products and services for patients around the world.