The number of general hospitals in China has been steadily increasing from 15.89 thousand in 2013 to 21.08 thousand in 2023, reflecting an overall positive growth trend. The year-on-year variation for 2023 was 1.86%, while the compound annual growth rate (CAGR) over the last 5 years stood at 1.37%. Historical growth rates have been higher, peaking in 2015 with a 5.48% year-over-year increase. However, despite the consistent upward trend, the growth rate has shown signs of slowing down, particularly in recent years.
Looking ahead, from 2024 onwards, the forecast suggests a continued upward trend with a forecasted CAGR of 1.35% and an estimated 6.91% increase in the number of hospitals by 2028. Future trends to watch for include the potential impact of healthcare policy reforms, technological advancements in hospital management, and demographic changes that may influence hospital demand and distribution across regions.
