Industry Analysis & Industry Trends
The General Hospitals industry in China has developed at a stable rate in recent years, due to China's large population base and the increasingly affluent urban and rural residents benefiting from China's rapid GDP growth. The level of industry revenue volatility is low due to relatively steady hospital visitor numbers from year to year.
Industry profitability is low as most general hospitals are under government control or management and generally do not operate to maximize profits. Industry profits are forecast to account for 3.0% of industry revenue in 2011. This profit level is estimated to have remained relatively stable in recent years.
Although barriers to entry in this industry are high, more private capital is entering the industry through medical mechanism reforms.... purchase to read more
Industry Report - Industry Analysis Chapter
ACMR-IBISWorld estimates that in the five years through 2011, industry revenue will increase from $63.8 billion in 2006 to an estimated $91.6 billion in 2011, representing an annualized growth rate of 7.5% (constant 2011 prices).
Profit and revenue
Profit for general hospitals averaged 3.0% of industry revenue in 2011, down from previous years due to higher industry wage costs and equipment expenses since 2008. During 2007, the profitability of general hospitals in China was about 3.5% and the profit rate of county-level hospitals was slightly lower at 3.3%, as shown in estimations on revenue and expenditure figures from the China Health Statistic Yearbook in 2007... purchase to read more