13-Apr-18, Medical Design & Outsourcing
The public healthcare system in China is getting overcrowded. Medical resources are getting stretched thin and this is particularly evident in level III public hospitals. The government, aware of the challenges, has opened up the healthcare system to private investments in its 13th five-year plan. At the same time, the Chinese government encourages physicians to practice at multiple facilities.
%20China%20Med%20Device.png "Chinas private hospital revenue expected to triple by 2019 (c) China Med Device")
Image: China Med Device
In a statistical comparison from the National Health & Family Planning Commission published in 2017, the CAGR of public hospitals has been flat over the last seven years, while the private hospital CAGR has been 16%. The number of private hospital beds has experienced a CAGR of 31% compared with 6% for public institutions.
Revenue from China’s private hospitals is expected to triple to USD90 bn by 2019 from 2016 levels.