Imithetho Yomdlalo Iyashintsha ku-Flexible Endoscopy: Ukushintsha kusuka ekuthatheni indawo yokungenisa kuya ohlelweni lwe-Full-Stack Clinical Ecosystem.

Uma ubheka phezulu, imboni ye-endoscopy eguquguqukayo ingase ibonakale isebenza njengenjwayelo: ama-gastroscope, ama-colonoscope, ama-bronchoscope, ama-biopsy forceps, ama-hemostatic clips, ama-snare, kanye nama-cholangoscope alahlwayo…

Kodwa-ke, ukuhlaziywa okuqhathanisayo kwemibiko yonyaka ka-2025 kanye nemibiko yesikhashana yekota yokuqala ka-2026 ye-Micro-Tech kanye ne-Sonoscape kwembula ukuthambekela okuhlukile:

Umkhakha we-endoscopy waseShayina oguquguqukayo usudlulele ngale kwendaba "yokushintshaniswa kokungenisa." Esikhundleni salokho, ungene esigabeni esisha somncintiswano obanzi ohlanganisa imishini, izinto ezisetshenziswayo, ubuchwepheshe, ukusetshenziswa kwemitholampilo, ukuqeqeshwa, insizakalo yangemva kokuthengisa, kanye nohlelo olubanzi lwemvelo.

Inothi Lomhleli:

Njengoba umncintiswano embonini ye-endoscopy eguquguqukayo ushintsha kusukela "ekushintsheni komkhiqizo" kuya "emvelweni yezokwelapha egcwele," indima yezesekeli ze-endoscopic iyashintsha. Azisasezona nje amathuluzi asekelayo kodwa ziyizingxenye ezibalulekile zesikhulumi sokwelapha.

I-ZRHmed, umkhiqizi wezinsiza ze-endoscopic, izimpahlaIsitifiketi se-MDR CEimikhiqizo ehlanganisa iziqeshana ze-hemostatic, izithiyo ze-polypectomy, izinaliti zomjovo, ama-forceps e-biopsy asekela kokubiliGIfuthiIzinqubo ze-Endourologyngekhwalithi ethembekile.

I-Micro-Tech imelela indlela izinto ezisetshenziswayo ze-endoscopic kanye nama-endoscope alahlwayo.
I-Sonoscape ikhombisa indlela yemishini yasekhaya eguquguqukayo ye-endoscopy kanye namapulatifomu e-smart endoscopy.

Umuntu uxazulula “indlela yokwelapha”;
Okunye kukhuluma ngokuthi “indlela yokubona ngeso lengqondo”.

Umuntu ungena shí ohlangothini lokwelashwa;
Esinye sakha amandla ohlangothini lwemishini.

Lezi zinkampani ezimbili, empeleni, ziyizinkundla ezimbili ezinhle kakhulu zokubuka imboni ye-endoscopy eguquguqukayo yaseShayina.

I. Ake sibheke idatha: Ukukhula Kuqinisekisiwe ngo-2025, Ukucindezeleka Kuvela ku-Q1 2026

Uma sihlaziya imboni, asikwazi ukukhuluma nje kuphela ngezitayela; kumelwe sibheke imibiko yezezimali kuqala.

1. I-Micro-Tech: Imali Engenayo Iyaqhubeka Ikhula, Inzuzo Ingaphansi Kwengcindezi Yesikhashana

Ngonyaka ogcwele ka-2025, i-Micro-Tech (i-Nanowei Medical) ithole imali engenayo yokusebenza engaba yi-yuan eyizigidi eziyizinkulungwane ezingu-3.184, okuwukukhuphuka konyaka nonyaka okungu-15.55%. Inzuzo ehlanganisiwe ebambisene nabanikazi bamasheya yayingaba yi-yuan eyizigidi ezingu-570, ikhuphuke ngo-3.09% unyaka nonyaka. Inzuzo ehlanganisiwe ebambisene nabanikazi bamasheya ngemuva kokukhipha izinzuzo nokulahlekelwa okungaphindaphindi yayingaba yi-yuan eyizigidi ezingu-552, ikhuphuke ngo-1.44% unyaka nonyaka. Ukugeleza kwemali ehlanganisiwe emisebenzini yokusebenza kufinyelele cishe ku-yuan eyizigidi ezingu-688, ukukhuphuka konyaka nonyaka okungu-12.22%.

Kodwa-ke, kwikota yokuqala ka-2026, ngenkathi i-Micro-Tech ithole imali engenayo yokusebenza engaba yizigidi ezingama-854 zama-yuan (ekhuphuke ngo-22.12% unyaka nonyaka), inzuzo ehlanganisiwe ebangelwa abanikazi bamasheya yayingaba yizigidi ezingama-182 zama-yuan, okumele ukwehla okungu-8.24% unyaka nonyaka. Okuphawulekayo ukuthi imali engenayo evela emisebenzini yokusebenza yayingaba yizigidi ezingama-51 zama-yuan.

Idatha Yezezimali Eyinhloko Ye-Micro-Tech

Zisitshelani Lezi Zibalo?

Okokuqala, ukukhula kwemali engenayo ye-Micro-Tech kuqinile. Ikakhulukazi, izinga lokukhula kwemali engenayo kwi-Q1 2026 lifinyelele ku-22.12%, okushesha kakhulu kunezinga lokukhula konyaka wonke lika-2025.

Okwesibili, inzuzo ayizange ikhule ngokuvumelana nemali engenayo; esikhundleni salokho, inzuzo ehlanganisiwe ebangelwa abanikazi bamasheya yehle ngempela ku-Q1 2026. Lokhu kubonisa ukuthi inkampani ibhekene nengcindezi ezindaweni ezifana nokuthengisa, i-R&D, ukwanda kwamanye amazwe, ukushintshashintsha kwezinga lokushintshisana kwemali, kanye nokulungiswa kwengxube yemikhiqizo.

Okwesithathu, ukugeleza kwemali yokusebenza kwakunamandla kakhulu ngo-2025, kwafinyelela kuma-yuan ayizigidi ezingu-688—okuphakeme kunenzuzo etholwe ngabaninimasheya—okuphakamisa ukuthi ikhwalithi yokusebenza iyonke ye-Micro-Tech iqinile. Kodwa-ke, iqiniso lokuthi ukugeleza kwemali yokusebenza kwaba kubi ku-Q1 2026 liyisikhumbuzo: phakathi nalesi sigaba sokunwetshwa, sidinga ukuqaphela kakhulu ukuqoqwa kwempahla, ama-akhawunti atholakalayo, kanye nokutshalwa kwezimali kwezindleko.

Ukufingqa ngomusho owodwa: Ibhizinisi le-Micro-Tech lisakhula, kodwa selishintshe kusukela “esikhathini senzuzo yokukhula okuphezulu” laya “esikhathini sokuhlolwa kwekhwalithi yokukhula.”

2. I-Sonoscape Medical: Ukukhula Kwemali Engenayo Kuqala Kabusha, Ukuguquguquka Kwenzuzo Kuqala Ukubizwa Kakhulu

Ngo-2025, i-Sonoscape Medical ithole imali engenayo yokusebenza engaba yi-yuan eyizigidigidi ezingu-2.309 (izigidi ezingamakhulu ezingu-23.09), okuwukukhuphuka konyaka nonyaka okungu-14.65%. Inzuzo ehlanganisiwe ehlanganiswe nabanikazi bamasheya yayingaba yi-yuan eyizigidi ezingu-197, ikhuphuke cishe ngo-38%, kuyilapho inzuzo ehlanganisiwe ehlanganiswe nabanikazi bamasheya ngemva kokukhipha izinzuzo nokulahlekelwa okungaphindaphindi ifinyelele ku-yuan eyizigidi ezingu-180, ikhuphuke cishe ngo-63%.

Kodwa-ke, imali engenayo evela emisebenzini yokusebenza yayicishe ibe yi--48 million yuan, okubonisa ukwehla okukhulu uma kuqhathaniswa no-2024.

Kwikota yokuqala ka-2026, i-Sonoscape Medical iqophe imali engenayo yokusebenza engaba yizigidi ezingama-430 zama-yuan, ukukhula konyaka nonyaka okungu-8.34%. Inzuzo ehlanganisiwe ebangelwa abanikazi bamasheya yayicishe ibe yizigidi ezingama--11.61 zama-yuan, ishintsha kusukela enzuzweni iye ekulahlekelweni. Imali engenayo ehlanganisiwe evela emisebenzini yokusebenza yayimi cishe ku--13.98 zama-yuan.

Idatha Yezezimali Eyinhloko Yezokwelapha ye-Sonoscape

I-Sonoscape Medical: Izici Ezimbili Eziyinhloko

Okokuqala, kokubili imali engenayo kanye nenzuzo kuqale kabusha ukukhula ngo-2025. Lokhu kubonisa ukuthi ukubuyiselwa kwemali ekuthengisweni nasekuthengweni kwemishini yezokwelapha, ukukhula kwebhizinisi le-endoscopy, kanye nokukhuthazwa kwemikhiqizo esezingeni eliphezulu kunikeze ukwesekwa okuqinile ekusebenzeni kwenkampani.

Okwesibili, ukulahlekelwa kwekota yokuqala ka-2026 kugcizelela ukuthi abakhiqizi bemishini babhekene nokuguquguquka okukhulu kwekota. Imboni yamadivayisi ezokwelapha ihilela imijikelezo eyinkimbinkimbi yokubhida, ukufakwa, ukwamukelwa, kanye nokuqoqwa kwezinkokhelo, ngakho-ke inzuzo yekota ayikwazi ukuthathwa kalula ngokulandelana.

Lokhu kuyiqiniso ikakhulukazi emikhiqizweni efana nezinhlelo ze-endoscopy eziguquguqukayo. Akuyona indaba yokuthi “thengisa namuhla, qaphela konke okubalulekile kusasa.” Ngemuva kokuthengisa ngakunye kunenqubo ebanzi ehilela ukufakwa, ukuqeqeshwa, ukwamukelwa kwezokwelapha, isevisi yangemva kokuthengisa, kanye nokuhlakulela imikhuba yokusebenzisa yochwepheshe.
Ngamafuphi ngomusho owodwa: I-Sonoscape Medical izibonakalise njengomholi wasekhaya emishinini ye-endoscopy eguquguqukayo, kodwa ukuthuthuka emakethe esezingeni eliphezulu kudinga ukutshalwa kwezimali okuqhubekayo, okwenza ukuguquguquka kwenzuzo yesikhathi esifushane kube yinto evamile.

II. Ukuhlanganisa Zombili Izinkampani, Ingqondo Yemboni Iba Sesicacile

I-Micro-Tech kanye ne-Sonoscape akuzona izinhlobo ezifanayo zenkampani. I-Micro-Tech iyinkampani yesikhulumi yezinto zokwelapha ze-endoscopic, kuyilapho i-Sonoscape ifana nenkampani yesikhulumi semishini yasekhaya ye-endoscopy eguquguqukayo.

Kodwa-ke, zombili zikhomba umkhuba owodwa: ikusasa lemboni ye-endoscopy eguquguqukayo ngeke libe mayelana nokuncintisana phakathi kwemikhiqizo eyodwa, kodwa ukuncintisana okusekelwe ezixazululweni eziphelele ezigxile esikhungweni se-endoscopy.

I-Micro-Tech Medical: I-Logic Eyinhloko Yezokwelapha ze-Endoscopic

Iphothifoliyo yomkhiqizo oyinhloko we-Micro-Tech inezigaba ezintathu ezinkulu:

Amadivayisi Okuhlola Nokwelapha Nge-Endoscopic: Kubandakanya i-biopsy, i-hemostasis kanye nokuvalwa, i-EMR/ESD, ukunwebeka, i-ERCP, kanye namadivayisi e-EUS/EBUS.
Imishini Yokukhipha Amanzi Yama-microwave/RF kanye Nezinto Ezisetshenziswayo.
Ama-Endoscope Alahlwayo: Kufaka phakathi izinhlelo zokuthwebula izithombe ze-biliary-pancreatic ezilahlwayo, ama-cholangioscope alahlwayo, kanye nama-bronchoscope alahlwayo.

Ngamanye amazwi, i-Micro-Tech ayigcini nje ngokuthengisa izinto ezisetshenziswayo; yakha i-matrix yomkhiqizo egxile ezimweni zokwelapha ze-endoscopic.

Isibonelo, lapho isikhungo se-endoscopy yokugaya ukudla sijula ​​kakhulu ezinqubweni, kulapho isidingo saso semikhiqizo ye-Micro-Tech sikhulu khona: i-biopsy forceps ye-biopsies, i-snares for polypectomy, i-hemostatic clips yokopha, amadivayisi e-ESD okwelashwa komdlavuza kusenesikhathi, izinto ezisetshenziswayo ze-ERCP zezifo ze-biliary-pancreatic, izinaliti ze-EUS/EBUS, kanye ne-cholangioscopes elahlwayo ukuze kubonakale ngqo i-bile duct.

Ngakho-ke, ukukhula kwe-Micro-Tech empeleni kuvela ezinhlotsheni ezimbili:

1.Ukwanda komthamo wokuhlolwa kwe-endoscopic.
2.Ukwanda kwesilinganiso sokungena kwemithi yokwelapha ye-endoscopic.

Iphuzu lesibili yilokho okubaluleke ngempela. Lokhu kungenxa yokuthi ukuhlolwa kuqhuba ukusetshenziswa kwezinto eziyisisekelo ezisetshenziswayo, kanti ezokwelapha kuqhuba isidingo sezinto ezisetshenziswayo ezinenani eliphezulu neziyinkimbinkimbi.

I-Sonoscape Medical: I-Core Logic yama-Endoscopes Aguquguqukayo Asekhaya Asezingeni Eliphezulu

I-Sonoscape Medical imele impumelelo ohlangothini lwemishini.

Embikweni wayo wonyaka ka-2025, i-Sonoscape igcizelele ukuthi ingenye yamabhizinisi okuqala asekhaya ukuthuthukisa nobuchwepheshe obuyinhloko emishinini yezokwelapha ye-endoscopic kanye ne-scopes. Ibekwe endaweni yesithathu emakethe ye-endoscopy yokugaya ukudla yasekhaya, ilandela i-Olympus ne-Fujifilm kuphela, kanti isabelo sayo semakethe yasekhaya sikhuphukela cishe ku-14%.

Lolu lwazi lubalulekile. Ngokomlando, imakethe ye-endoscope eguquguqukayo yasekhaya ibilokhu ibuswa yimikhiqizo engenisiwe—ikakhulukazi i-Olympus, i-Fujifilm, ne-Pentax—ejabulela imikhuba enamandla yokusetshenziswa kanye nokwethenjwa komkhiqizo phakathi kodokotela.

Ukuze imikhiqizo yasekhaya iphumelele, amanani aphansi kuphela akwanele. Lokho odokotela abakukhathalelayo ngempela kuhlanganisa:

Ukucaca kwesithombe;
Ukushelela kokufakwa;
Ukulula kokuphathwa kwe-scope;
Ukuqina kohlelo lokuphakelwa kwamanzi/komoya;
Ukusetshenziswa kahle kwesiteshi se-biopsy;
Ukuqina kwesikali;
Ukufika ngesikhathi kwempendulo yangemva kokuthengisa;
Ukwazi ukusekela izimo zokwelapha eziyinkimbinkimbi.

Ukubaluleka kwe-Sonoscape kuseqinisweni lokuthi ayigcini nje ngokuphishekela ukushintshana kwekhwalithi ephansi. Kunalokho, iqhubekela phambili kuma-endoscope aguquguqukayo aphezulu, izinhlobo zesikophu ezikhethekile, ukulawulwa kwekhwalithi ye-AI, amapulatifomu e-4K, kanye nezixazululo ezihlanganisiwe ze-multi-scope.

III. Ushintsho Olukhulu Lokuqala Embonini Ye-Endoscopy Eguquguqukayo YaseShayina: Kusukela “Kuthuluzi Lokuhlola” Kuya “Eplatifomu Yokwelapha”

Esikhathini esidlule, izibhedlela eziningi zazinokuqonda okulula ngama-endoscope aguquguqukayo: ama-gastroscope nama-colonoscope kwakuwukuhlola ngokuyinhloko. Kodwa namuhla, i-endoscopy eguquguqukayo ayiseyona nje ithuluzi lokuhlola; isiphenduke ipulatifomu yokuxilonga nokwelapha.

Manje isiyakwazi ukwenza:

Ukuhlolwa komdlavuza womgudu wokugaya ukudla kusenesikhathi;
Ukuhlolwa kwe-biopsy;
Ukususwa kwezicubu eziningi;
EMR (Endoscopic Mucosal Resection);
ESD (Ukususwa Kwe-Endoscopic Submucosal);
ERCP (i-Endoscopic Retrograde Cholangiopancreatography);
Ukubhoboza kwe-EUS (Endoscopic Ultrasound);
Ukubhoboza kwe-EBUS (Endobronchial Ultrasound);
Ukubona ngeso eliqondile kanye nokwelashwa komsele wenyongo;
Ukuxilongwa nokwelashwa kwe-bronchoscopy;
Ukuphazamiseka kwe-Hemostasis;
Ukuvalwa;
Ukwanda;
Ukubekwa kwe-stent;
Ukuhlanza indlu endaweni.

Ngakho-ke, ushintsho oluyisisekelo embonini luwukushintsha kusuka ekubhekeni nje kuphela kuya ekukwazini “ukubona ngokucacile, ukufinyelela, ukwelapha, ukuyeka ukopha, nokwelapha ngempumelelo.”
Yingakho izinkampani ezisebenzisa i-endoscopic kanye nezinkampani zemishini ye-endoscopic zithuthukisa:

Ngasohlangothini lwemishini: Ukufeza umbono ocacile.
Ngasohlangothini lwezinto ezidliwayo: Ukuze kuvunyelwe ukwelashwa okunembe kakhudlwana.
Ngasohlangothini lokuqeqeshwa: Ukunika amandla odokotela ukuthi benze amasu ayinkimbinkimbi kakhulu.
Ngasohlangothini lwangemva kokuthengisa: Ukuqinisekisa ukusebenza okuqhubekayo kwezikhungo ze-endoscopy.

IV. Ukuguquguquka Kwemakethe: Ukushintshaniswa Kwasekhaya Kungena Emanzini Ajulile

Imakethe ye-endoscopy eguquguqukayo yaseShayina ibilokhu ibuswa yimikhiqizo engeniswa kwamanye amazwe. Kodwa-ke, ukushintshaniswa kwemikhiqizo yasekhaya sekungene esigabeni sayo sesibili.

Isigaba 1: Ukushintshaniswa Okusekelwe Entengo

Ekuqaleni, ama-endoscope aguquguqukayo asekhaya angena kakhulu ezibhedlela ngokusebenzisa inzuzo yentengo. Imikhiqizo engenisiwe yayibiza kakhulu; imikhiqizo yasekhaya yayishibhile.
Ezinye izibhedlela zokunakekelwa okuyisisekelo, izibhedlela zesibili, kanye nezikhungo ezinesabelomali esilinganiselwe zazizimisele ukuzama imikhiqizo yasekhaya. Kodwa-ke, ukushintshana kulesi sigaba kwakungaphansi kakhulu. Odokotela kungenzeka ukuthi baphathe ama-scope asekhaya njengamayunithi okusekelayo, hhayi njengamadivayisi abo ayinhloko.

Isigaba 2: Ukushintshaniswa Okusekelwe Ekusebenzeni

Imboni manje isingena esigabeni sokushintsha okusekelwe ekusebenzeni. Lokhu kusho ukuthi imikhiqizo yasekhaya kumele isondele ngempela, noma idlule kancane, imikhiqizo engenisiwe ekusebenzeni kwezokwelapha.

Uchungechunge lwe-4K iEndo Smart Endoscopy Platform HD-650 lwe-Sonoscape Medical, olwasungulwa ngo-2025, luyisibonelo esiyinhloko salolu hlangothi. Ngokusho kombiko waminyaka yonke we-Sonoscape, inkampani ifinyelele ekuthathweni kwezithombe ze-super-resolution ngesikhathi sangempela zevidiyo ye-endoscopic ye-4K kubuchwepheshe bokuthwebula izithombe kanye nokucubungula izithombe zedijithali. Iphinde yathuthukisa ubuchwepheshe obufana nokuthwebula izithombe ze-spectral ezihlanganisiwe, ukuthwebula izithombe ze-spectrum aggregation, i-photoelectric composite chromoendoscopy, ukuthwebula izithombe ze-multispectral, ukucutshungulwa kwezithombe ze-low-latency, kanye nokucutshungulwa kwezithombe zedijithali ze-4K ultra-high-definition ngesikhathi sangempela.

Lobu buchwepheshe abugcini nje ngokwezincazelo ezihlaba umxhwele; bufeza ngqo izidingo zezokwelapha:

Ukubona ngokucacile imingcele yomdlavuza wokuqala;
Ukuthungwa kwe-mucosal okucolekile;
Ukuhlonza kalula izakhiwo ezincane zemithambo yegazi;
Umehluko ohlukile wemibala ezilonda;
Ukunciphisa ukubambezeleka kwesithombe;
Ukuqina okukhulu kodokotela ngesikhathi sezinqubo ezinde.

Yilapho kanye lapho isihluthulelo sikhona sokuthi ama-endoscope aguquguqukayo asekhaya angangena yini ezimweni eziyinhloko zezibhedlela zeBanga lesi-IIIA.

Isigaba 3: Ukufakwa esikhundleni okusekelwe ohlelweni lwe-ecosystem

Okunye okubalulekile, ukushintshaniswa kwekhaya esikhathini esizayo ngeke kube ngokumane kuthathe indawo yobubanzi obubodwa noma into eyodwa esetshenziswayo. Kunalokho, kuzoba ngokuthatha indawo "yesimiso sokusetshenziswa" esasungulwa isikhathi eside yimikhiqizo engenisiwe.

Lolu hlelo lokusebenza luhlanganisa:
Imishini;
Izikophu;
Izinhlelo zokuthatha izithombe;
Izinhlobo ze-scope ezikhethekile;
Izinto ezisetshenziswayo zokwelapha;
Ukuqeqeshwa kukadokotela;
Ukuqeqeshwa kwabahlengikazi;
Ukulungiswa kwangemva kokuthengisa;
Ukukhushulwa kwezemfundo;
Izindlela zokwelashwa;
Izinhlelo zokulawula ikhwalithi.

Esikhathini esizayo, izibhedlela ngeke zithenge imikhiqizo kuphela, kodwa zizothenga amakhono aphelele.

Ngakho-ke, umncintiswano embonini ye-endoscopy eguquguqukayo uyashintsha kusukela "ekushintsheni komkhiqizo" kuya "ekushintsheni kwesistimu yemvelo."

Mayelana ne-ZRHmed

I-ZRHmed ingumkhiqizi waseShayina ogxile kwizesekeli ze-endoscopic. Uhla lwemikhiqizo yethu luhlanganisaiziqeshana ze-hemostatic, izingibe zokususwa kwe-polypectomy, izinaliti zomjovo, i-biopsy forceps, amabhulashi okuhlanza, futhiamashelu okufinyelela e-urethraImikhiqizo eyinhloko iqinisekiswe yi-MDR CE futhi ithunyelwa eYurophu, eMpumalanga Ephakathi, eNingizimu-mpumalanga ye-Asia naseNingizimu Melika. Sizibophezele ekubeni ngumlingani othembekile wochwepheshe be-endoscopist emhlabeni jikelele.