China’s hospital industry has developed rapidly in the last few years due to increased market demand and new healthcare reform initiatives. Recent policies issued by China’s State Council have focused on promoting the development of private hospitals and to facilitate joint ventures between public and private healthcare facilities, as well as investment opportunities for international firms – including 100% foreign owned hospitals. The end-goal is for foreign-owned hospitals to meet some of the healthcare needs of high-end patients, while at the same time spurring public hospitals to improve their technology and services.
By the end of the first three quarters of 2014, there were 11,963 private hospitals in the country, an increase of 11 percent from the same period the previous year, reducing the gap with public hospitals, according to the National Health and Family Planning Commission. As of the end of 2013, Chinese private hospitals had accounted for 45.8% of the total Chinese hospitals, increasing by 24.5 percentage points compared with 2006.
McKinsey & Company estimates that health care spending in China will grow to $1 trillion by 2020, up from just over $350 billion in 2011.
Why attend WMTC Asia-Pacific 2015?
- Connect with government and hospital leaders to learn about new investment and/or partnership opportunities in China’s healthcare sector
- Learn about the latest healthcare reforms and how they will impact future hospital development in China
- Find out about the new niche opportunities opening up in the private healthcare sector
- Learn how to navigate the regulatory challenges in the healthcare sector to ensure a successful entry into this market.