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Category: Business and Industry
Date Submitted: 05/17/2016 11:22 PM
China’s Healthcare Market Size, Share, Trends, Company Profiles, Demand,
Insights, Analysis, Research, Report, Opportunities, Segmentation and
Forecast Report To 2020
China’s healthcare industry is expected to grow exponentially in the coming years. Investment in
the China healthcare market was USD 350 billion in 2014. It is poised to exceed USD 1 trillion
by 2020. This growth would be driven by two main factors.
Average income levels in the country are on the rise. Growing affluence is creating demand for
the latest, quality medical treatments and services. Secondly, lifestyle and dietary changes,
coupled with water and air pollution are contributing to higher incidence of chronic ailments like
cancer, diabetes, and cardiovascular disease.
The WHO (World Health Organization) notes that China had about 230 million patients
suffering from cardiovascular problems and 114 million from diabetes in 2014. Furthermore, the
number of cardiovascular cases will increase by 50% from 2010 till 2030, owing to population
growth and aging.
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These trends are creating huge opportunities for pharmaceutical companies, medical device
manufacturers, hospital management services and other operators related to the healthcare sector.
Moreover, the government has opened up the healthcare market to foreign investment and
technology. This is bound to fuel growth. Government of China aimed to increase the share of
private hospital service from under 10% in 2014 to about 20% in 2015.
However, recent shifts in the country’s economic situation may adversely affect growth.
Additionally, China’s healthcare system is marred by deep-routed structural problems. Bribery
and corruption have had a negative effect on the healthcare market. Policy, regulations, and
compliance are some of the chief factors influencing the China healthcare market. Industry
participants will need to review and...