China Healthcare Expenditure Expected To Surpass US$ 450 Billion By 2014

Release Date: 04-Jul-2012

Healthcare expenditure in China is estimated to surpass US$ 450 Billion by 2014 according to recent research report "China Healthcare Market Analysis" published by KuicK Research. The government focus on strengthening the healthcare sector and increasing the penetration of healthcare services will drive the exponential growth in healthcare expenditure in coming years. The total healthcare expenditure accounts for only about 5% of the total GDP in China, this percentage has increased over the past few years. Compared with developed countries,this 5% is relatively low. However, with the development of the economy, there is still a great potential for increasing the healthcare expenditure’s percentage of the GDP.

With improvement in the healthcare infrastructure, the Chinese Healthcare Industry is entering into a new era of development. Moreover, increased government spending, has accelerated the development of healthcare infrastructure in China. Large population base having large proportion of ageing people and continuously growing prevalence of lifestyle diseases are further supporting the advancement of the industry. With 1.3 Billion people, China has a huge opportunity in terms of potential patients.

The Chinese Healthcare market is expected to witness double digit growth over the next decade. This growth will be fueled by support from the central government to better meet the evolving health management needs of China rapidly growing middle class population. As the countries middle class grows and health awareness grows, demand for a fair health care system that is consistent with the rest of the country policies will increase.

"China Healthcare Market Analysis" research report gives detailed overview on the multiple aspects related to healthcare system in China. It helps to understand the recent reform process started by the government and its impact on healthcare market in future. This research report also helps to analyze ongoing trends and the healthcare infrastructure and human resources in China.

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