China Aged Care Service Industry Report, 2011-2012

Published by: Research in China

Published: May. 1, 2012 - 66 Pages

Table of Contents

1. Overview of Aged Care Industry

1.1 Definition and Classification

1.2 Features

1.2.1 Comprehensiveness

1.2.2 Welfare

1.2.3 Public Benefit

1.2.4 Profitability

2. Aged Care Service Market Environment in China

2.1 Demand

2.1.1 Aged Population Structure

2.1.2 Health Condition of Aged People

2.1.3 Family Structure Tending to be Small-sized

2.1.4 Old-age Dependency Rate Rising Year on Year

2.2 Industry Policy Environment

2.2.1 The 12th Five-Year Plan

2.2.2 Other Policies and Regulations

2.3 Medical and Health Environment

2.3.1 Quantity of Medical Establishment

2.3.2 Bed Quantity of Medical Establishment

2.3.3 Health Workers

2.3.4 Hospital Bed Occupancy

2.4 Aged Care Security System

2.4.1 Aged Care Living Security

2.4.2 Medical Insurance System

2.5 Financial System of Aged Care

2.5.1 Content

2.5.2 Commercial Endowment Insurance

2.5.3 Care Insurance

3. Status Quo of China Aged Care Market

3.1 Major Aged Care Models Worldwide for Reference

3.1.1 Major Aged Care Models in Europe and America

3.1.2 Major Aged Care Models in Asia

3.1.3 Major Aged Care Models Abroad for Reference

3.2 Supply

3.2.1 Growing Supply

3.2.2 Fast Expansion of Private Aged Care Institutions

3.2.3 Key Problems in China Aged Care Market

3.3 Projects of Chinese Public Aged Care Institutions

3.3.1 Old People’s Home, Social Welfare Institute and Home Care Center for the Senior

3.3.2 Colleges and Centers for the Senior

4. Home-Based Aged Care Market in China

4.1 Overview

4.1.1 Senior’s Choice of Aged Care Models

4.1.2 Demand for Home-Based Aged Care Service

4.2 Policy of Home-Based Aged Care

4.3 Form of Home-Based Aged Care

4.4 Problems in Home-Based Aged Care Market

5. Private Aged Care Institution Market in China

5.1 Overview

5.2 Private Aged Care Institution Market

5.2.1 Large Quantities of Aged Care Institutions in East China while Small Quantities in West China

5.2.2 Age Structure of People Living in Private Aged Care Institutions

5.2.3 Reasons for the Senior to Check in Aged Care Institutions

5.3 Market of Aged Care Real Estate

5.3.1 Supply and Demand

5.3.2 Current Competition

5.3.3 Operating Model

5.3.4 Projects

6. Key Enterprises

6.1 China Vanke Co., Ltd

6.1.1 Profile

6.1.2 Aged Care Real Estate

6.2 Poly Real Estate Group Co., Ltd

6.2.1 Profile

6.2.2 Aged Care Real Estate

6.3 Huichen Senior Apartment

6.3.1 Profile

6.3.2 Operation

6.3.3 Development Strategy

6.4 Shanghai Qinheyuan

6.4.1 Profile

6.4.2 Operation and Management

6.4.3 Development Strategy

6.5 Tianjin Hetong Elderly Welfare Association

6.5.1 Profile

6.5.2 Operation and Management

6.5.3 Development Dynamic

6.6 Sunset Glow Chain Seniors’ Apartment

6.6.1 Background

6.6.2 Operation

6.6.3 Jiangyin Sunset Glow Seniors’ Recreation Center

6.7 Shanghai Henghui Medical Treatment Technique Progress

6.7.1 Profile

6.7.2 Operation and Management

6.8 Yanda International Health City

6.8.1 Profile

6.8.2 Key Projects

6.8.3 Operating Model

Abstract

In terms of the residence for the elderly people, aged care service consists of home-based care and institution-based care. The former has long been the major model of aged care service in China. In recent years, along with the significant growth in the income and savings of Chinese people, more and more senior citizens prefer the latter. However, the supply of aged care institutions and nursing staff is far from meeting the market demand. As of the end of 2010, China had a total of 39,904 aged care institutions with 3.149 million beds, accommodating 2.426 million seniors who only accounted for about 0.6% of the population aged over 60 in China.

As the aged care industry emerges in China recently, the government supports and encourages its development in policy. In September 2011, the State Council issued 12th Five-Year (2011-2015) Plan on Aging Industry Development in China which further clarified that China would devote itself to the development of the aged care industry. According to the Plan, China will strive to develop community-based care service, encourage social forces to participate in the construction and operation of public aged service institutions, guide the development of livable residence for the aged and intergenerational family residence and encourage social capital to establish the aged care institutions which will provide long-term medical care, rehabilitation promotion and hospice care during the 12th Five-Year Plan Period.

Although aged care is a low-profit industry, the aged care real estate industry is expected to make a reasonable profit. Driven by the huge market demand and the national incentive policies, social capital has flown into the aged care real estate industry. For instance, such projects as Shanghai Cherish-Yearn and Xiyanghong Chain Senior Apartment developed by private enterprises have been put into operation. Real estate companies including Vanke, Poly Real Estate and R & F Properties, insurance firms like Taikang Life and China Life Insurance, diversified enterprises such as Harbin Institute of Technology Group Inc., Fosun Group and Legend Holdings and foreign-funded corporations like Fortress Investment and Emeritus Corp. have also set foot in the aged care real estate market.

It is in the report that covers the followings:

• Policy environment, medical & health environment, aged care security system and financial security system of Chinese aged care service industry;
• Aged care service market demand and supply in China, aged care models in developed countries, etc.;
• Policy, situation and problems concerning home-based aged care market in China;
• Status quo, problems and projects under planning/construction of public and private aged care institutions in China;
• Supply & demand, competition, operating model and projects under planning/construction of aged care real estate industry in China;
• The development progress of aged care real estate of two leading real estate players and the aged care real estate operation of six private enterprises in China.

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