Continual technological changes and intense competition in the industry may slow down the company's revenue growth, if it fails to
tackle competition effectively. The healthcare industry is subject to various significant technological advances and product
innovation and development. Hence, to meet its customers’ demands, the company must continuously design new products,
update existing products and develop new technologies. The launch of new products and technologies involves a significant
commitment to research and development. Upon investing in these new technologies, the company’s profits may suffer if they are
not accepted in the marketplace as anticipated. Its competitors may develop innovative technologies and products, which might
render its technology and products under development obsolete or uncompetitive. Such highly competitive market could adversely
affect the company’s profitability, financial position and cash flows, if the company fails to retain and attract clients and customers.