Chinese Private Hospital Sector to See Next Growth Stage, According to Chisult Insight Report Available at MarketPublishers.com03 May 2016 • by Natalie Aster
LONDON – The Chinese private hospital industry is set to gain momentum on the back of the implementation of multiple favourable policies for the express purpose of facilitating the growth of private healthcare services in the recent past.
The number of private hospitals in the country increased to 12,500 in 2014, posting 16% CAGR during 2005-2014. Continuous private capital investments in the healthcare service industry are set to contribute to the increase in the number of higher-tier private hospitals.
The ophthalmology service industry posted 19% CAGR over 2005-2014, reaching USD 8.34 billion by the end of the review period. General hospitals still grabbed the lion’s share of the market. With surging demand for cataract surgery and the globe’s largest number of people with myopia, the national ophthalmology service industry is poised for sustainable growth in the offing.
The market size for the dental services industry reached USD 7.35 billion in 2014 from USD 2.61 billion in 2007, recording a 16% CAGR over the review period. This was propelled by sustainable growth from patient flow and ASP. The market is expected to gain steady momentum to amount to nearly USD 12.67 billion by 2018 owing to increased awareness on dental care and a hike in the demand for aesthetic procedures.
Aier, China’s largest private ophthalmology service provider, is ideally positioned to turn into a national leader from a regional operator. Currently with 100 hospitals, Aier targets to increase the number to 200 facilities by 2017. The replicable model of business and brand recognition are poised to lead to fast-paced expansion, whilst the economy of scale and stock incentive programme will likely boost profitability.
In-demand report “China Private Hospital Industry Research Report, 2015-2016” elaborated by Chisult Insight offers a comprehensive guide to the private hospital industry in China. It covers status quo of the industry and its development over time including an analysis of key growth drivers, novelties in the sector, etc. The report examines the country’s ophthalmic service industry, covering market size, development, segmentation, competitive scene, etc. The study further canvasses the domestic dental industry with respect to market size, overview of relevant hospitals, competitive scenario, among other aspects. The report also gives extensive insights into the 5 leading private dental hospitals across China.
More reports by this publisher are available at Chisult Insight page.