Forecast Report on Development prospect and Investment Trend of Health Service Industry in China, 2015-2020
The health service industry is still in initial stage in China. since the reform and open up in 30 years ago, relative to the development speed of national economy, the development of health service industry lags behind, and cannot adapt to the development situation and requirement of social economy in present stage in China. Although GDP grows fast each year and investment in medical health field increases year by year, the problem of “expensive and hard to visit doctors” still are not released. Research suggests: the unhealthiest people of 1% and the people with chronic illness of 19% cost 80% of medical health costs. The sharp rising of chronic illness and medical costs is threatening the competitiveness of enterprise and state, so, to ensure every person enjoys health, it is the first imperative that not only should we improve the “diagnosing and treatment” system facing unhealthy people, but also establish healthy service system serving health people.
In 2013, the market scale of health service was about CNY 3.54 trillion, up 21.9% over last year, almost 3 times higher than the one in 2009. Along with the increasing market scale, the growth rate of output value also increases considerably, in 2013, the output value of health service industry was as high as CNY 550 billion.
It is predicted that the market scale of health service industry will hit CNY 7.92 trillion in 2020, which is consistent with the national development objective that the market scale of health service industry will reach CNY 8 trillion by 2020.