Los Angeles, CA (PRWEB) December 22, 2011
In the five years through 2016, total revenue of China’s General Hospital industry will increase at an average annual rate of 6.4% to US$124.9 billion by the end of 2016. The aging population and further medical system reforms will be the main factors driving demand for hospital services over the next five years, according to IBISWorld, America’s largest publisher of industry research.
The General Hospitals industry in China has developed at a stable rate in recent years, due to China's large population base and the increasingly affluent urban and rural residents benefiting from China's rapid GDP growth. The level of industry revenue volatility is low due to relatively steady hospital visitor numbers from year to year.
Although barriers to entry in this industry are high, more private capital is entering the industry through medical mechanism reforms. This is also expected to improve hospital productivity, efficiency and profit levels in future years.
IBISWorld estimates that industry revenue will total US$91.6 billion by the end of 2011, up 7.6% from 2010. In the next five years, industry revenue is expected to grow by 6.4% annually on average to reach US$124.9 billion at the end of 2016. This steady growth will mainly come from further medical system reform.
For more information, including profit levels, market shares, product segmentation and more, download IBISWorld’s General Hospitals in China report.
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General Hospitals – Key Report Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.cn or call 1-800-330-3772.
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