Outpatient Care - China

China

In China, the Outpatient Care market is forecasted to achieve a revenue of US$209.70bn in 2024.
It is anticipated that this sector will experience a consistent annual growth rate (CAGR 2024-2029) of 9.75%, leading to a market volume of US$333.90bn by 2029.
When compared globally, in the United States is expected to generate the highest revenue in this market segment, reaching US$744.80bn in 2024.
China's Outpatient Care market is rapidly growing due to an aging population and increasing demand for healthcare services.

Key regions: France, Germany, United Kingdom, Canada, United States

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Currency

Analyst Opinion

The Outpatient Care market in China has been experiencing significant growth over the past few years.

Customer preferences: Chinese consumers are increasingly seeking high-quality medical care services, which has led to a rise in demand for outpatient care. Patients prefer outpatient care as it is more convenient and cost-effective than hospitalization. Additionally, the aging population in China has also contributed to the growth of the outpatient care market.

Trends in the market: One of the major trends in the outpatient care market in China is the increasing use of technology. Telemedicine and online healthcare platforms are becoming more popular, allowing patients to receive medical consultations and prescriptions online. Another trend is the emergence of specialized outpatient care clinics, such as those focused on chronic disease management, mental health, and rehabilitation. These clinics offer personalized care and are becoming more popular among patients.

Local special circumstances: The Chinese government has been promoting the development of the outpatient care market as part of its healthcare reform efforts. The government has encouraged private investment in the healthcare sector and has introduced policies to support the development of outpatient care clinics. Additionally, the COVID-19 pandemic has accelerated the adoption of telemedicine and online healthcare platforms in China.

Underlying macroeconomic factors: China's growing middle class and rising disposable incomes have contributed to the growth of the outpatient care market. As consumers become more health-conscious, they are willing to pay for high-quality medical services. The government's healthcare reform efforts and the aging population in China are also important macroeconomic factors driving the growth of the outpatient care market.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.