Hospitals - China

  • China
  • The Hospitals market in China is projected to achieve a revenue of €635.40bn by 2024.
  • It is expected to experience a steady annual growth rate (CAGR 2024-2029) of 6.13%, leading to a market volume of €855.60bn by 2029.
  • When compared globally, in the United States is anticipated to generate the highest revenue of €1,392.00bn in 2024.
  • In terms of per capita figures, the revenue generated per person in China is estimated to be €443.50 in 2024.
  • China's hospitals are rapidly adopting advanced digital technologies to enhance patient care and improve efficiency in the face of a growing and aging population.

Key regions: United States, China, Germany, Japan, Europe

 
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Analyst Opinion

China, the world's most populous country, has a rapidly growing healthcare industry, with the hospitals market being a significant part of it.

Customer preferences:
The Chinese population's increasing disposable income and aging population have led to a higher demand for healthcare services. Consumers are becoming more health-conscious and willing to pay for high-quality medical services. They prefer hospitals with advanced technology and equipment, experienced medical professionals, and personalized care.

Trends in the market:
The hospitals market in China is witnessing significant growth due to the government's increased investment in the healthcare sector. The country's aging population has also led to a surge in demand for medical services. Private hospitals are expanding rapidly, offering more specialized and personalized medical services. The market is also seeing a shift towards more digitalization, with the use of telemedicine, electronic health records, and online appointment booking systems becoming more prevalent.

Local special circumstances:
The Chinese government's healthcare reforms have played a significant role in shaping the hospitals market. The government is encouraging private investment in the healthcare sector to reduce the burden on public hospitals. The country's tiered healthcare system is also promoting the development of high-quality medical services in lower-tier cities, where demand is increasing. Furthermore, the COVID-19 pandemic has accelerated the adoption of digital healthcare services, such as telemedicine, in the country.

Underlying macroeconomic factors:
China's economic growth has led to an increase in disposable income and a rise in the middle class, which has driven demand for high-quality medical services. The country's aging population is also a significant factor, as older people tend to require more medical attention. The government's healthcare reforms and investment in the healthcare sector have created a favorable environment for the development of the hospitals market. Additionally, the COVID-19 pandemic has highlighted the importance of investing in healthcare infrastructure, further boosting the market's growth.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

Visión general

  • Revenue
  • Analyst Opinion
  • Hospitals
  • Hospital beds
  • Demographics
  • Global Comparison
  • Methodology
  • Key Market Indicators
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