White paper on China’s health industry in 2021 From Yikai capital
The following is the White paper on China’s health industry in 2021 From Yikai capital recommended by recordtrend.com. And this article belongs to the classification: Medical health, Life data, research report.
Although there is no authoritative and clear statistics on the scale of China’s health industry, the market generally accepts the estimate that China’s health industry will reach 8-9 trillion yuan in 2019-2020. Among them, the drug-related market is about 2.5 trillion yuan, the medical device and diagnosis market is about 1 trillion yuan, and the medical service, digital medical and pan health market is about 4.5-5.5 trillion yuan. According to the “healthy China 2030” plan issued by the Chinese government in October 2016, China’s health industry will reach a total scale of 16 trillion yuan by 2030.
This 2030 development goal was issued by the State Council in 2016. We tend to think that this goal is too conservative today. According to the latest census results released by the National Bureau of statistics, China’s population aged 60 and above has reached 260 million, accounting for 18.7% of the total population; There are 190 million people aged 65 and above, accounting for 13.5% of the total population.
We predict that if the extension of China’s health industry is extended to the part of the pension market closely related to medical and health services, with the accelerated arrival of China’s aging society, China’s health industry is likely to become a market with an average annual growth rate of more than 10% from less than US $2 trillion in 2021 to more than US $5 trillion in 2030 in the next 10 years, And it is likely to be the only trillions of dollars market with such scale and growth rate in the world.
In our view, the age structure change of Chinese population, the will of the state and government policies, the development of big data and AI, the enthusiasm of COVID-19 and the rising enthusiasm of capital market constitute the most important underlying driver for the healthy development of China’s health industry.
At the same time, the boundaries between the various segments of the health industry are becoming more and more blurred, and more and more fusion zones are emerging between detection and diagnosis, medical medication and health management. At the bottom of them are ubiquitous, ready to use and self reinforcing health big data.
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