Global Growth Markets CEO Pete Read outlines the current situation in China's private hospital sector, government reforms and opportunities for investment.
"In the current decade the domestic market is becoming an ever more important driver of growth. It’s all about consumption. This means changing lifestyles, less healthy eating habits, less exercise, less Tai Qi, more TV. And as a result, more NCDs - non-communicable diseases.
While these trends are not unique to China - we see the same thing in India, Southeast Asia and the US for example - China’s healthcare sector is consequently struggling to cope, and is now opening up to foreign investment to help relieve that pressure.
As a result of that, we are now seeing top quality hospitals being built..."