Key Market Indicators
Chinese hospital discharges are projected to reach approximately 359 million by 2028, up from around 293 million in 2023. This marks an annual growth rate of 3.2% in compound annual growth rate (CAGR). Historical data reveals that since 1995, the demand for hospital discharges in China has been increasing by 2.9% annually. In parallel, the number of hospital beds in China is expected to rise to about 9.3 million by 2028, compared to roughly 8 million in 2023. The average annual growth rate for hospital beds is estimated at 2.5%. Since 1985, the supply of hospital beds has increased by 4.1% per year. Globally, China is followed by Japan, Russia, and the United States in the ranking for hospital beds.
