Forecast: Number of Health Care Institutions in China

The number of healthcare institutions in China has shown a steady increase from 2013 to 2023, reaching 1,048.6 thousand in 2023. Over the last decade, the sector experienced varied year-on-year growth rates, with notable increases of 2.54% in 2013 and 1.52% in 2020. More recently, the growth rates were 0.86% in 2022 and 0.85% in 2023. The compound annual growth rate (CAGR) has demonstrated a gradual rise, averaging around 1.01% over the last five years. Moving forward, the forecasted five-year CAGR is estimated at 0.63%, contributing to a total forecasted growth rate of 3.21% by 2028, with the number expected to reach 1,091.3 thousand by then.

Future trends to watch for include:

• Continued investment in healthcare infrastructure, driven by government policies aimed at expanding access to healthcare services.
• Technological advancements in healthcare, such as telemedicine and AI, which may influence the number and type of institutions.
• Demographic shifts, particularly an aging population, which could increase demand for healthcare facilities.