Mainland 3D printing first share of Health Care

Aikang Medical officially landed on the Hong Kong Stock Exchange on the 20th. At the close, the stock rose 50.86%, with a turnover of 457 million Hong Kong dollars. The latest total market value was 2.64 billion Hong Kong dollars. The stock first opened at 1.75 Hong Kong dollars, the same as the offer price, but then the stock price has been rising all the way, in terms of single-day gains, ICON Medical is the best stock in the Hong Kong stock market on Wednesday. The stock has raised about 368 million Hong Kong dollars this time. Some of the funds will be used for acquisition. The company's executives revealed that they have already visited several orthopedic fields in Europe and will continue to expand the mainland market in the future.

It is understood that Ikang Medical is the first and only medical device company in the Mainland to commercialize 3D printing technology and apply it to bone and joint and spinal replacement implants. The product line includes bones for initial surgery. Joint implants, specially designed bone joint implants for replacement, repair, and revision of implants or components for previous surgery. According to last year's sales, the brand "AKMedical" used by Ikang Medical is China's best-selling bone and joint implant brand last year; and if it is ranked by income, it is China's best-selling domestic bone joint implant brand.

According to public data, as of the first half of this year, 3D printing products accounted for only 6% of ICON's medical revenue. Li Zhijiang, chairman and chief executive officer of the company, said that 3D printing technology will become a smart revolution, and it is expected that the revenue of 3D printing products will increase to 60% in the future. Chief Financial Officer Zhao Xiaohong added that 3D printing products have higher gross profit margins and average selling prices are twice as high as conventional products. (Xinhua)

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