PWC China Rehabilitation Market
China’s enormous healthcare market continues to expand rapidly, driven by an aging population, economic growth and an expanding basic health insurance.
In 2013, healthcare expenditure in China hit RMB 3.2 trillion, maintaining an annual growth rate of 17.2% over the past 9 years. Yet healthcare expenditure accounts for a mere 5.6% of GDP, in comparison with a high-income country average of 7.7%. Given population trends and consumption patterns, it is evident that there is room for promising growth in China’s health care market.