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Overseas healthcare market in China

Recent few years, due to fast economic growth, and China's overseas tourism booming, the Chinese government has established new rules and policies to encourage domestic capitals to invest in the overseas medication and healthcare industry fields. The new policies create a lot of international joint venture medication organizations and healthcare service business in China.

 

 

China’s domestic healthcare market face big demands of high technology of medication treatments and good quality of healthcare services, there are a lot of conflicts and unbalance relations in this market between the medical organizations and customers.

 

In big cities like Shanghai and Beijing, hospitals are full of patients every day, medical resources are limited, too many patients with limited doctors and staffs led to less treatment time and poor service. How to solve the problems? How to find better medical solutions, treatments, and service?

 

 

 

These led some part of middle class and wealthy Chinese patients travel to other countries looking for help. During the past 3 years, there are big numbers of patients who are looking for professional private doctors and better medical solution and treatment overseas.

 

According to the data from China analysys.com, in 2017, the Chinese oversea healthcare market size reach over 100 million USD. And it still grows rapidly during the following years. The biggest overseas market destinations for Chinese patients are the United States, Japan, and India. The United States plays a big role for Chinese oversea healthcare market, the most common fields including critical illness, such as tumors and cancers, also cancer-related diseases.

 

 

According to the data from China analysys.com, in 2017, the Chinese oversea healthcare market size reach over 100 million USD. And it still grows rapidly during the following years. The biggest overseas market destinations for Chinese patients are the United States, Japan, and India. The United States plays a big role for Chinese oversea healthcare market, the most common fields including critical illness, such as tumors and cancers, also cancer-related diseases.

 

According to the interview from The online Pengpai news in China to the Eric Winer (The chief of the Division of Women's Cancers and director of the Breast Oncology Program in the Susan F. Smith Center for Women's Cancers at Dana-Farber Cancer Institute in Boston, Massachusetts),  the Chinese patients are the fastest growth numbers of the International customers during the year 2017, almost take up 35% of their total international customers.

 

The Disease diagnosis is also one big demand field for oversea healthcare patients. Others like fertility service and plastic surgery products demand also grow very fast during this few years.

 

 

Because of the language and knowledge barriers, Chinese patients are hard to find enough oversea medical resources and information by themselves. The normal Chinese hospitals and healthcare organizations are rarely providing these type of information to customers, therefore, a lot of private medical service companies come up to the big potential market.

 

According to the paper.com source, from 2005 to 2017, in 12 years, there are over 1000 healthcare and medical consulting companies established in China, many famous foreign private clinics such as Mayo Clinic and Cleveland clinic both established the medical centers in Beijing after 2014.  In this three years, the overseas healthcare market customers’ numbers grow from 3% in 2014 to 300% in 2017, and the number still keep growing rapidly.

 

So Who are those companies, what service and products they have? What's the market share and structures of the healthcare market in China?

 

In PureJoy! Media, we will keep reporting in the future.

 

 

 

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