In 2023, the number of visits in health institutions in China stood at 9050 million person-times. Observing the historical data, there has been a general upward trend over the past decade, marked by fluctuations such as the notable decline in 2020, attributed to the COVID-19 pandemic. Despite this dip, the sector demonstrated resilience with a strong rebound in 2021 and subsequent modest growth through 2023.
Looking at the percentage changes, the year-on-year variation in 2022 was 2.53%, followed by a 4.19% increase in 2023. The compound annual growth rate (CAGR) over the past five years up to 2023 averaged at 1.73%. The forecasted data from 2024 to 2028 indicates a continued, albeit modest, growth pattern with a projected 5-year CAGR of 1%, reflecting a 5.09% total growth over this period.
Future trends to watch for include:
- Technological advancements in healthcare delivery.
- Increased investment in public health infrastructure.
- Demographic changes such as aging population.
- Policy changes impacting healthcare access and funding.
- Post-pandemic healthcare system adjustments.
