Increased spending on medical and health related items is a result of ore wealth
With the GDP growing year-on-year, Chinese customers are able to pay more for healthcare. As the Chinese embrace international health products in innovative and exciting ways, there will be no slowing down in this market. Vice Premier Li Keqiang said that the healthcare industry is now in "uncharted waters."
Chinese families are becoming more concerned about the safety and quality their products and are more likely to spend more in order to maintain high quality healthcare in China. In fact, 96% Chinese now contribute to China's basic healthcare system.
The Quest for a New Life Style that Requires New Health Solutions
China's constant economic growth and well-being improvements have raised awareness about health care's new stakes. In a society where performance pressures and environment are affecting health, the sale of OTC medicines like antibacterial remedies or sleep aids could help Chinese people cope with their modern lives.
What are the key factors driving China's healthcare market?
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China Water & Air Pollution are a serious concern for Chinese Citizens
Air pollution is a problem for many Chinese. China has been ranked among the most polluted countries on the planet. There are also areas that are more affected than others. This makes it even more difficult to change your mentality.
China's air pollution is a grave problem. It has been responsible for between 50 000 and 500 000 premature deaths each year. This is without doubt a "health crisis." Many Chinese are switching to electric vehicles and avoiding the harmful effects of petrol-powered cars. They wear masks and use air purifiers to protect themselves. Chinese people want to live a healthy and safe lifestyle. They don't want to live in a polluted area.
China's Healthcare Market Revenues
China's water is unsafe for human consumption and is a national problem. Although regulations have been enacted to reduce the pollution, these measures are slow-moving. Even though Chinese citizens are able to avoid drinking tap water, many Chinese still use it for other purposes, such as to take a shower, wash their hands, and clean their dishes. However, these filters can be expensive and complex, so they aren't widely used by the majority of the population, who prefer the cheaper, easier options.
This pollution threat can be prevented by citizens and governments. Health providers have a great opportunity to assist those already affected.
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heavily impacted by obesity
As Chinese citizens have more money, their waistlines also grow. China's obesity is a growing problem. From 5 to 20 percent , the percentage of obese or overweight children has risen dramatically. In 2020, 10.4 percent of China children were either overweight or obese.
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