[Industry News] The best healthcare industry opportunity in the next decade is in China

2020-03-16 12:28
China's big health industry is undergoing a disruptive transformation: the real landing of digital healthcare, a new global competitive landscape due to the epidemic, the localisation of foreign giants, the rise of private unicorns, a double-loop pattern between China and the world, and the ambitious goal of a healthy China in 2030 edging closer and closer. China's health industry is witnessing a series of accelerating innovations: patient-centric solutions are replacing single products as the next generation of corporate competitive race points; from doctor-led to patient empowerment, constantly breaking the limits of space and time, and presenting new features such as digital, intelligent and personalised health services. China's healthcare market has become the second largest in the world, and the industry structure is constantly being innovated and reshaped, making it imperative to build a growth-oriented ecosystem.

According to the "2021 Health Trends Development Report" released by Med+ Institute, a subsidiary of Medical Trends, China's elderly population over 65 years of age currently exceeds 190 million, and by 2030, China's elderly population over 65 years of age will exceed 260 million, by which time China will have entered a "super-aging society". The huge demand for healthcare from an ageing population is both a challenge and an opportunity for the healthcare industry.

According to the Report, the best opportunities for the healthcare industry in the next decade are in China. After a long period of waiting and accumulation, China's healthcare innovation will break through the tipping point and enter into explosive growth, which may lead to the birth of world-class healthcare product and technology companies, becoming the twin engines of innovation in the global health industry, alongside the US.



Health is a national strategy
A number of policies to protect it



2014

将全民健康纳入全面建成小康社会的重点工作中;



2015

The Fifth Plenary Session of the 18th Central Committee adopted the proposals for the 13th Five-Year Plan, proposing to promote the construction of a healthy China and elevating it to a national strategy.



2016

The National Conference on Health and Wellness was held, proposing to put people's health as a strategic priority for development and to speed up the construction of a healthy China.



2017

Healthy China has once again been elevated to a national strategy, not only to improve the national health policy and deepen the reform of the medical and health care system, but also to support socially run medicine and develop the health industry.


The future is here for the health industry!


Huge potential consumer market of 1.3 billion people

With the potential spending power and purchasing power of a huge population of over 1.3 billion people, China is set to become the largest market for the global health industry.


The growing health needs of over 300 million older people

China is facing a situation where the elderly are getting older before they get richer and are increasingly concerned about their health needs.


500 million people with chronic diseases, with a trend of multiplication

Chronic diseases (cardiovascular diseases, various tumours, hypertension, hyperglycaemia, etc.) account for 85% of overall disease mortality and will multiply in number in the future if not prevented or controlled.


16 trillion capital spree

The "Health China" strategy clearly states that by 2030, the total scale of the health service industry will reach $16 trillion.


The future of health will be a business that everyone needs. Those who are truly engaged in this field will help society and be a blessing to people. A new model is taking shape, becoming a complement and partial replacement for traditional healthcare.
In 2018, the big health industry will gradually become a new engine of economic development, and direct selling will gradually grow along with the big health industry, in the coming years.