Trends and Insights
- The ageing population generate higher demand for medical service.
- This is expected to drive continual demand for general hospitals. Inpatient services contribute the largest revenue.
- The share has decreased due to medical care improvement and shorter hospital stays. Distribution of general hospitals is closely related to economy development and population number.
- The well-developed and populous regions have more general hospitals. There exists intense competition between hospitals.
- The general hospitals mainly compete on hospital grades, eligibility for social insurance units, resources & facilities, geographic accessibility and price.
Industry Overview
Industry revenue has grown at a CAGR of 5.3 % over the past five years, to reach an estimated $506.1bn in 2024.Trends and Insights
The number of outpatients and inpatients maintains overall growth As people's needs for medical and health services have been better met and guaranteed, the number of outpatients and inpatients have been increasing on the whole. In the five years to 2023, the number of outpatients and inpatients is estimated to increase at a CAGR of 1.4% and 1.8%, respectively.Industry outlook (2024-2029)
Market size is projected to grow over the next five years.Trends and Insights
- The growing ageing population drive huge demand for medical service
- The birth rate has been decreasing from the highest record of 14.57‰ in 2012 to 6.77‰ in 2022. Despite the implementation of the two-child policy and the third-child policy, the birth rate is expected to continue the decreasing trend in the future.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- West China Hospital, Sichuan University
- Union Hospital, Tongji Medical College, HUST
- The First Affiliated Hospital of Zhengzhou University
- Tongji Hospital affiliated to Tongji Medical College of HUST
- The First Affiliated Hospital, Zhejiang University School of Medicine
Methodology
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