These trends are creating huge opportunities for pharmaceutical companies , medical device manufacturers , hospital management services and other operators related to the healthcare sector . Moreover , the government has opened up the healthcare market to foreign investment and technology . This is bound to fuel growth . Government of China aimed to increase the share of private hospital service from under 10 % in 2014 to about 20 % in 2015 .
However , recent shifts in the country ’ s economic situation may adversely affect growth . Additionally , China ’ s healthcare system is marred by deep-routed structural problems . Bribery and corruption have had a negative effect on the healthcare market . Policy , regulations , and compliance are some of the chief factors influencing the China healthcare market . Industry participants will need to review and align their strategies to stay competitive and grow .
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Some of the well-known private healthcare facilities in China are the BenQ Hospital , Clifford Hospital , United Family Healthcare , and Phoenix Hospital Group . Foreign players marking their foray into the Chinese healthcare space adopt one of the two routes – mergers & acquisitions or organic expansion . Chindex International ( CHDX ), Concord ( CCM ), and SOS IMC are some of the leading service providers in the China healthcare market .
Multinational pharmaceutical companies like Bayer Healthcare and Novo Nordisk consider China to be one of their three largest geographical markets . Medical device and equipment majors Philips and GE Healthcare garner yearly revenues of over USD 1 billion from China .
Table Of Contents I . INTRODUCTION Report Scope and Methodology Executive Summary
II . BUSINESS ENVIRONMENT Economic Outlook Key Economic Indicators Industrial Output Population and Labor
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