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Research Report on the Chinese Health Service Industry, 2010-2011
China Research & Intelligence, May 2010, Pages: 60
Health service is not only a concept, but also a method, a complete and thorough service procedure. It intends to help patients and healthy groups better restore, maintain and promote their health, save expenditures and reduce the medical expenses effectively.
In China, the health service covers health maintenance, nursing sub-health state, treatment of diseases, etc. When the standard of living of Chinese people was much lower, the health service mainly referred to the treatment of diseases. However, with improvements in the standards of living, health maintenance, regulation in sub-health state and disease regulation occupy an increasingly large part in the health service, and their market demand enjoys continuous growth.
With the development of the Chinese economy, the concept of health management is gradually recognized by the Chinese. Accordingly, the health service market has also increased. Various special or comprehensive health service chain institutions have emerged, such as those for eye tests, dental examinations, women’s physical examinations, foot massages and hair nourishing. Health management advocates the transfer from passive health treatment to positive health management. The demand for health service is shifting from simple medical care to disease prevention, healthcare and health promotion. Thus, health examinations, consultations, maintenance and promotion, etc. are included in the health service industry.
The Chinese health service industry encompasses medical treatment, physical examinations, health insurance and some other sub-industries. Presently, except medical treatment, all other sub-industries are in the start-up stage in China.
Before 2003, physical examinations in China were limited to compulsory special physical examinations for the purpose of obtaining employment and pursuing education, etc. Those carrying out the examinations were non-profit medical institutions designated by the government. After the outbreak of SARS, the demand for physical examinations in China grew rapidly. People began to pay more attention to their health. In 2009, the market for physical examinations in China was about CNY 29 billion. The new-type physical examination offers a series of healthy services. It not only enables consumers to understand their health conditions, but also integrates health examinations, consultation and promotion. This has brought about many new concepts to the public health and medical industries.
In 2009, there were over 1,500 commercial health insurance products in China. Meanwhile, the premiums for Chinese commercial health insurance totalled CNY 57.40 billion. Among that, the premium was CNY 25.61 billion from illness insurance and CNY 28.98 billion from medical insurance, rising by 11% YOY and 23.6% YOY separately.
In 2009, the population aged over 60 accounted for 12.5% of the total population in China and that proportion is still rising. As Chinese resident’s incomes increases, environmental pollution is exacerbated and the population aging rate is also growing continuously. Given this, Chinese people will pay growing attention to their health. Thus, there are good prospects for the Chinese health service industry.
This report will provide readers with information on:
- Status quo of the Chinese health service industry
- Market competition in the Chinese health service industry
- Factors affecting the development of the Chinese health service industry
- Prediction on the potential for development in the Chinese health service industry
- Investment opportunities in the Chinese health service industry
This report will be of interest to:
- Personnel in the health service industry
- Personnel in the medical industry
- Investors interested in the Chinese health service industry
- Research institutes interested in the Chinese health service industry
- Others interested in the Chinese health service industry
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