Market growth analysis: First, accelerated new medical infrastructure, the number of new hospital projects started nationwide in the first quarter of 2026 increased by 38.5% year-on-year, driving a substantial increase in demand for medical elevators; Second, old hospital transformation, a large number of old hospitals with a service life of more than 15 years nationwide have entered the peak transformation period, and the demand for medical elevator renewal is strong; Third, increased proportion of smart products, the proportion of smart medical elevators has increased to 72%, driving the increase of average product prices and market scale expansion; Fourth, promotion of hierarchical diagnosis and treatment, the construction of primary medical institutions has accelerated, driving the growth of demand for primary medical elevators; Fifth, export growth, China's medical elevator export volume increased by 42.8% year-on-year in the first quarter of 2026, and the export markets are mainly concentrated in Southeast Asia, the Middle East and Africa.