China's private hospitals - set for growth

 01-May-16, Asian Hospital & Healthcare Management 

Changing demographics and lifestyles in China are the reasons behind emerging opportunities for foreign companies to operate hospitals, clinics and care homes in the country. And the need is now widening to include primary care, rehabilitation and elder care. The range of incentives for foreign investors is increasingly wide. But there remain hurdles to be overcome.

In China over the past 20 years, rapid change has been a constant theme. These changes have now, finally, reached the healthcare services sector. As a result, many new opportunities are emerging for foreign companies interested in operating hospitals, clinics and care homes in China.

Image: Global Growth Markets

A wave of foreign investments in secondary care has already started, with some organisations already pushing into tertiary care. The opportunities are now widening to include primary care, rehabilitation and elder care.

Rehabilitation and elder care are currently big growth areas, as the Chinese government is seeking to find ways to reduce the impending stress these areas are expecting, as demographic and disease profile changes take effect in the coming years.

Many foreign hospital groups are now investing in China, including Columbia from the US, IHG, Optegra and Sinophi from the UK, IHH from Malaysia with its well-known Parkway brand, Raffles Group from Singapore, and Ramsay from Australia. And many of the facilities in creation are world class.

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 Elsevier APAC Healthcare Update