+86-0596-3996888

1. Overall Development Status of Big Health

The overall development of the big health industry in China has entered a period of accelerated development, with a high level of industry prosperity. From 2014 to 2018, the overall market size of China's big health industry maintained growth. In 2018, the market size exceeded 5 trillion yuan, and it is expected to exceed 9 trillion yuan in 2020, with an increase of 32.1%. In addition, the employment scale driven by the big health industry is also considerable. According to estimates, in 2012, the big health industry created 72.666 million jobs, accounting for 9.5% of the total national employment. In 2016, the employment scale increased to 121.242 million, accounting for 15.6% of the total national employment, which is 6.1 percentage points higher than in 2012.

2. The big health industry has risen to a national strategic level

The big health industry is one of the key focuses of China's economic reform. Since 2014, the Chinese economy has gradually entered a transitional stage from high-speed growth to medium to high-speed growth. In the current stage of China entering a new normal of development, the key to prioritizing the development of the real economy lies in promoting the development of manufacturing and the integration of advanced manufacturing and emerging service industries. The big health industry is a new type of industry that deeply integrates advanced manufacturing and emerging service industries. Against the backdrop of the country's comprehensive promotion of supply side structural reform, the big health industry is beneficial to social and human well-being, as well as to consumption upgrading and economic acceleration. Therefore, the big health industry has gained more development opportunities in terms of policy acquisition, capital inclination, technological innovation, and talent aggregation.

With the accelerating pace of aging in China, diseases such as geriatric and chronic illnesses have seriously affected people's lives and health. As a result, the country has successively issued multiple macro plans, especially the release of the "Healthy China 2030" plan outline, indicating that "Healthy China" has risen to a national strategy and the big health industry has entered a period of rapid development.

(1) Policies related to the big health industry have been gradually introduced.

According to the "2022-2027 Competitive Landscape Analysis and Investment Risk Prediction Report on the Big Health Industry" released by the China Research Institute Puhua Industry Research Institute

At present, the big health industry has become the future industry with the greatest development potential, and is brewing and forming a huge blue ocean market of over ten trillion yuan. Health services have become a national level major undertaking that is related to the national economy, people's livelihood, and the overall happiness index of the future society. The development of the big health industry in China is basically consistent with that of the world, and due to changes in social structure, demand continues to grow, demonstrating sustainable growth. In addition, policies continue to strengthen the big health industry. National policies such as the "Healthy China 2030" plan outline, the "National Nutrition Plan (2017-2030)", the "National Population Development Plan (2016-2030)", and the "China's Medium - and Long Term Plan for the Prevention and Control of Chronic Diseases (2017-2025)" have been successively released.

On May 20, 2022, the official website of the State Council released the "Notice on Issuing the 14th Five Year Plan for National Health".

The plan states that we will optimize and strengthen the health industry. By 2025, China's health system will be more perfect, the basic medical and health system with Chinese characteristics will gradually improve, the ability to prevent and respond to major epidemics and public health emergencies will be significantly enhanced, the unique advantages of traditional Chinese medicine will be further utilized, and the innovation capability of health technology will be significantly enhanced.

On December 14, 2022, the Central Committee of the Communist Party of China and the State Council issued the "Outline of the Strategic Plan for Expanding Domestic Demand (2022-2035)", which put forward new requirements for the construction of the medical and health service system: to continue to "support social forces to provide multi-level and diversified medical services". It can be said that it has given a "shot in the arm" to practitioners who were worried that the country would restrict social medical services in the post epidemic era, invest more resources to fill the gaps in basic medical care, and strengthen the service system of public hospitals.

(2) 'Healthy China' has been elevated to a national strategy.

With the official implementation of the "13th Five Year Plan" proposal and the upgrading of "Healthy China" to a national strategy, the big health industry has also ushered in a period of rapid development opportunities. Elevating "Healthy China" to the height of national strategy, it is expected that government investment in medical and health care will continue to increase in the future.

(3) The state leads the promotion of big data to support the development of the big health industry.

On August 15, 2022, the National Health Commission issued the "14th Five Year Plan for the Development of Health Talents". By 2025, the total number of health personnel will reach 16 million, the number of practicing (assistant) physicians per 1000 population will reach 3.20 (including 0.62 in the traditional Chinese medicine category), the number of registered nurses per 1000 population will reach 3.80, the number of pharmacists per 1000 population will reach 0.54, the number of general practitioners per 10000 population will reach 3.93, and the number of professional public health institution personnel will increase to 1.2 million. The medical staff ratio in public hospitals is gradually reaching around 1:2, and the proportion of practicing assistant physicians to physicians has decreased to below 15%. Health technicians account for over 75% of primary healthcare institutions.

After the COVID-19, the national policy will vigorously support medical research, the development of health care products, and medical protection. The entire healthcare system is expected to embark on a wave of reform, and the doctor-patient relationship and conflicts will be significantly improved. The country will accelerate the development of the health industry, and China's major health industry will inevitably experience explosive growth.

3. Market space in the health industry

The health industry is one of the fastest-growing industries in the world, and compared to developed countries, China's health industry is still in its infancy. In developed countries, the proportion exceeds 15%, while in China, the health industry only accounts for 4% -5% of the gross domestic product, indicating huge development potential. At the same time, in terms of industrial structure, developed countries have formed a relatively comprehensive and balanced industry segmentation, while China's health industry segmentation is severely imbalanced. Except for medical and medical supplies, other segmented industries are still in the early stages of development, and their huge potential still needs to be fully explored. The Forward looking Industry Research Institute predicts that the health industry will accelerate its development at an unstoppable pace and reach a scale of 10 trillion yuan by 2020, becoming a new engine driving economic development.

4. Disruption and transformation of the health industry

The Chinese healthcare industry is undergoing a disruptive transformation: the real implementation of digital healthcare, the new global competitive landscape caused by the pandemic, the localization of foreign giants, the rise of private unicorns, the dual circulation pattern between China and the world, and the grand goal of a Healthy China by 2030 is gradually approaching. The Chinese health industry is constantly embracing innovation and engaging in a new round of development competition. Accelerate innovation with a focus on ensuring physical health. Innovate multiple conditioning solutions to empower the body, constantly breaking the limitations of space and time, and presenting digitalization, intelligence, technology, and programming, launching various personalized health service processing solutions. The Chinese healthcare industry is experiencing a series of accelerated innovations: patient-centered solutions are replacing single products and becoming the next generation of competitive competition points for enterprises; From being led by doctors to empowering patients, constantly breaking the limitations of space and time, presenting new features such as digitalization, intelligence, and personalized health services. The Chinese medical market ranks among the top three in the world and has become the second largest market in the world. The industrial structure is constantly innovating and reshaping, and it is imperative to build a growth oriented ecosystem.

This article is sourced from Forward Industry Research Institute, Sihan Industry Research Institute, and China Research Network.