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Telemedicine in China: Healthcare reaches a new status quo during the COVID-19 pandemic

telemedicine market in China

Data source: Market size of telemedicine in China from 2015-2019 Telemedicine consumer penetration Given the COVID-19 situation in the beginning of 2020, it is no surprise that the penetration rate jumped up by 2% YOY. By April 2019, the number of users of online telemedicine services in China had reached 45 million, with industry […]

The healthcare market in China explained

the healthcare market in China

The healthcare market in China continues to expand rapidly, driven by an aging population, economic growth, and an expanding basic health insurance. With the growing awareness of healthcare in China, the market is emerging fast.  The pharmaceutical market in China is considered as one of the main sectors in the economy, encompassing many departments of […]

Elderly Care in China

The Chinese population was estimated at 1.39 billion in July 2014, equivalent to 19.24% of the total world population. Currently, the median age in China is 35.7 years, classifying the population as young. However, this median is forecasted to increase dramatically in the coming decades as larger previous generation gets older, reaching a median age […]

Hospital industry in China

Thanks to the market demand stimulus and stable influx of national investment, Chinese hospital industry has maintained stable growth in recent years. By March 2013, China had a total of 23,510 hospitals; 13,344 are state-owned hospitals and 10,166 private-owned hospitals with an AAGR of 14.69% compared to 2012. In particular, the proportion of private-owned hospitals […]