1. Definition of low value medical consumables

Medical consumables can be categorized into low value consumables and high value consumables based on the amount of value. Generally speaking, consumables that are easy to wear and tear and have a unit price of less than 500 CNY (About 70 USD) can be categorized as low value consumables, and there are a wide variety of them. Typically, low value consumables do not need to be implanted or intervened into the human body. In addition, low-value medical consumables are also characterized by a large volume of use, involving cardiovascular, cerebrovascular, ophthalmology, gynecology, urology, orthopedics, general surgery and other departments, and even some products are used in almost every department (such as injection and puncture consumables), and the overall volume fluctuates according to the volume of outpatient visits.

2. Industry development of low-value medical consumables

① Market size: China's low-value medical consumables market grew from 44.8 billion yuan to 97 billion yuan in 2016-2020, with a compound annual growth rate of about 20%. According to the analysis, China's low-value medical consumables market size will reach 221.3 billion yuan in 2025, and the compound growth rate is expected to be 18% in 2021-2025. From a worldwide perspective, low-value medical consumables with medical catheters and drug delivery devices have the fastest growth rate, and are expected to maintain an annual growth rate of about 9% until 2026.

②Status of development: At present, the low-value medical consumables industry in mainland China has entered the stage of industry consolidation, with drug prices falling under policy adjustments, small-scale enterprises gradually withdrawing from the market or being acquired, and large enterprises with rich products, lower costs and good innovation realizing profits through centralized purchasing, large-scale production, and a high bidding rate, and the industry's market concentration continues to rise.

3. Low-value medical consumable products of Yize molds

In order to gain a firm foothold in the medical injection molding industry, YIZE MOULD decided to start with low-value medical consumables. At present, YIZE MOULD has already designed and produced molds and products for laryngoscope guards, disposable syringes, surgical grade hemostatic forceps and so on. In the future, YIZE MOULD will also provide the most suitable molds and injection solutions according to customer customization.