Hospitals

The Hospitals market in China is projected to achieve a revenue of US$728.50bn by 2025.
It is expected to experience a steady annual growth rate (CAGR 2025-2029) of 5.81%, leading to a market volume of US$913.06bn by 2029.
When compared globally, United States is anticipated to generate the highest revenue of US$1.55tn in 2025.
In terms of per capita figures, the revenue generated per person in China is estimated to be US$508.77 in 2025.
China's hospitals are rapidly adopting advanced digital technologies to enhance patient care and improve efficiency in the face of a growing and aging population.

Definition:
Hospitals are licensed facilities that provide a variety of medical and surgical services, some of which are also provided by other facilities. A distinguishing characteristic of hospitals is “inpatient care,” which refers to services where patients are admitted to a hospital to stay overnight for closer monitoring.

This market includes general hospitals, psychiatric hospitals, and specialist hospitals, which provide various services to patients, ranging from diagnostics, medical and surgical treatments, nursing and specialized accommodation to other medical services. Depending on the specific legal regulations, the medical services provided by hospitals can vary greatly from country to country. Long-term care facilities, ambulatory care providers, and medical retailers are excluded from this market.

Structure:
The Hospitals market is divided into three categories: Inpatient Care, Outpatient Care, and Other Hospital Services. Inpatient Care comprises all the medical and surgical services that are provided to patients who are admitted to a hospital for an overnight stay. Outpatient Care covers all medical and surgical services that are provided to patients without having to spend the night in a hospital. Other Hospital Services includes hospital services that are provided outside of a basic hospital setting, e.g., day-care, long-term care, and home-based care.

Additional information:
The shown KPIs include revenues, average revenue per capita, number of hospitals, density of hospitals, average revenue per hospital, number of hospital beds, density of hospital beds, and average revenue per hospital bed. Market values represent revenues paid to hospitals by the respective healthcare payers (including VAT, if applicable). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

General hospitals, including community, county, and regional hospitals
Psychiatric hospitals
Specialist hospitals, such as maternity clinics and aesthetics clinics

Long-term care facilities
Ambulatory care providers, such as specialist practices and dental practices
Providers of ancillary medical services
Medical retailers and other providers of medical supplies

Hospitals: market data & analysis

China, the world's most populous country, has a rapidly growing healthcare industry, with the hospitals market being a significant part of it.

Customer preferences: The Chinese population's increasing disposable income and aging population have led to a higher demand for healthcare services. Consumers are becoming more health-conscious and willing to pay for high-quality medical services. They prefer hospitals with advanced technology and equipment, experienced medical professionals, and personalized care.

Trends in the market: The hospitals market in China is witnessing significant growth due to the government's increased investment in the healthcare sector. The country's aging population has also led to a surge in demand for medical services. Private hospitals are expanding rapidly, offering more specialized and personalized medical services. The market is also seeing a shift towards more digitalization, with the use of telemedicine, electronic health records, and online appointment booking systems becoming more prevalent.

Local special circumstances: The Chinese government's healthcare reforms have played a significant role in shaping the hospitals market. The government is encouraging private investment in the healthcare sector to reduce the burden on public hospitals. The country's tiered healthcare system is also promoting the development of high-quality medical services in lower-tier cities, where demand is increasing. Furthermore, the COVID-19 pandemic has accelerated the adoption of digital healthcare services, such as telemedicine, in the country.

Underlying macroeconomic factors: China's economic growth has led to an increase in disposable income and a rise in the middle class, which has driven demand for high-quality medical services. The country's aging population is also a significant factor, as older people tend to require more medical attention. The government's healthcare reforms and investment in the healthcare sector have created a favorable environment for the development of the hospitals market. Additionally, the COVID-19 pandemic has highlighted the importance of investing in healthcare infrastructure, further boosting the market's growth.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The healthcare landscape in the United States is a complicated one. There are federal health insurance plans for low-income individuals namely Medicaid and CHIP (Children’s health insurance program) and Medicare for seniors and the disabled. Aside from these, people must buy private health insurance or be left uninsured because the U.S. is the only high-income country without universal healthcare coverage. Hospitals in the U.S., therefore, receive payment from multiple payers. Most revenue generated by U.S. hospitals comes from private insurance, self, or other payments. The complexity of this multi-payer system is instrumental to the U.S. having the highest administrative health costs per capita among wealthy nations.

Hospitals - China

Revenue

Analyst Opinion

Hospital beds

Demographics

Global Comparison

Methodology

Health

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