SOURCE: MarketResearch.com

MarketResearch.com

November 07, 2011 11:08 ET

Chinese Government to Extend Healthcare Coverage to Its 1.3 Billion Citizens

ROCKVILLE, MD--(Marketwire - Nov 7, 2011) - MarketResearch.com has announced the addition of the new report "Healthcare Reform in China," to their collection of Healthcare market reports. For more information, visit http://www.marketresearch.com/Business-Insights-v893/Healthcare-Reform-China-6655531/

China's pharmaceutical market is growing rapidly in step with its wider economy. The government aims to extend healthcare coverage to its 1.3bn citizens, which will impact multiple corporate stakeholders.

Historically, China had a very high out-of-pocket expenditure on healthcare. However, the proportion of out-of-pocket expenditure on healthcare dropped from 60% in 2001 to 40% in 2008 due to the increasing coverage of social health insurance schemes.

China's population will increase by 85m people between 2010 and 2020. 85% of this will be accounted for by an increase in the population of over 60s, which will prompt growth in markets for cardiovascular diseases, dementia, and other age-linked conditions. A sharp rise in lifestyle diseases such as diabetes and obesity is also underway.

Reforms are set to present opportunities for pharma companies, CROs, medical device manufacturers, and private health insurance providers. Healthcare IT is also set for a boost, as the government begins to invest in electronic health records.

This report gives an overview of China's demographics, overall healthcare infrastructure, and the need for healthcare reforms. It provides detailed coverage of China's healthcare reform plans from the viewpoint of pharmaceutical companies, payers, and healthcare providers. Reforms and implications for various stakeholders are assessed and comments from 23 managers at Chinese hospitals included.

For more information, visit http://www.marketresearch.com/Business-Insights-v893/Healthcare-Reform-China-6655531/

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