Driven by government support and increasing demand from patients, the development of the Traditional Chinese Medicine Hospitals industry has accelerated in recent years. In 2017, revenue for this industry is expected to reach $60.89 billion, up 11.7% from 2016 and representing annualized growth of 15.6% from 2012.For the Traditional Chinese Medicine Hospital industry, a growing number of patients has ensured revenue and profitability increases. Profitability has risen from 0.9% in 2007 to an estimated 4.8% in 2017. The scale of traditional Chinese medicine hospitals has also been expanding. There are about 3,644 traditional Chinese medicine hospitals in China, each containing 229 beds on average...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Report - Industry Products Chapter

Medicine salesMedicine sales are the greatest source of revenue for traditional Chinese medicine (TCM) hospitals, contributing an estimated share of 49.6% in 2017. Compared with other hospitals, medicine sales account for an even higher proportion for traditional Chinese medicine hospitals. The rising price of some traditional Chinese medicine materials in recent years helped drive revenue growth in recent years. Price controls have been a great challenge for the government and one of the important issues for reform in the healthcare system. Local health departments have been trying to decrease the proportion of medicine sales.Outpatient servicesOutpatient services are expected to account for 20.9% o...purchase to read more.

Additional Insights for the Traditional Chinese Medicine Hospitals Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Traditional Chinese Medicine Hospitals Industry are

  • Experienced work force
  • Having a good reputation
  • Access to secure revenue
  • IBISWorld analysts also discuss how external factors such as Levels of Health - Disease/Epidemics and Health Expenditure in the Traditional Chinese Medicine Hospitals industry impact industry performance..

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    What's in this report

    What is the Traditional Chinese Medicine Hospitals Industry?

    The Traditional Chinese Medicine Hospital industry in China comprises licensed traditional Chinese medicine general hospitals and traditional Chinese medicine specialized hospitals. Integrated traditional Chinese and Western medicine hospitals and ethnic minority hospitals are not included in this industry.

    Industry Products
  • Outpatient services
  • Inpatient services
  • Medicine sales
  • Industry Activities
  • Diagnostics and examination services
  • Medicine boiling services
  • Acupuncture and moxibustion services
  • Manipulation services
  • Scrape therapy services
  • Other hospital services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Levels of Health - Disease/Epidemics
  • Health Expenditure
  • Age Group (65+)
  • Health Policy
  • Key Attitudinal Changes - Health Consciousness

  • Current Performance
    Industry profitIndustry problems
  • Chart: Revenue Growth

  • Industry Outlook
    Industry challenges
  • Table: Traditional Chinese Medicine Hospitals Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Traditional Chinese Medicine Hospitals Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Medical Research
  • Households

  • Key Selling Industries
  • Chinese Patent Drug Manufacturing
  • Medical Supplies Manufacturing
  • Pharmaceutical Manufacturing
  • Traditional Chinese Medicine Manufacturing

  • Products & Services
  • Medicine sales
  • Outpatient services
  • Inpatient services
  • Other
  • Chart: Traditional Chinese Medicine Hospitals Industry Products and Services Segmentation

  • Demand Determinants
  • General health status of the population
  • Health consciousness
  • Government support
  • Level and coverage of health insurance
  • People's income levels

  • Major Markets
  • B-grade hospitals
  • A-grade hospitals
  • D-grade hospitals
  • C-grade hospitals
  • Chart: Major Market Segmentation for the Traditional Chinese Medicine Hospitals Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent
  • Depreciation
  • Chart: Cost Structure Benchmarking – Sector vs Traditional Chinese Medicine Hospitals

  • Basis of Competition
  • Hospital grade
  • Geographic accessibility
  • Doctors and experts
  • Eligibility for social insurance units
  • Price
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Traditional Chinese Medicine Hospitals Industry

  • Industry Globalization
    Guangdong Hospital of Traditional Chinese Medicine, Jiangsu Province Hospital of Traditional Chinese Medicine, Beijing Hospital of Traditional Chinese Medicine, Oriental Hospital, Dongzhimen Hospital,
  • Table: Guangdong Hospital of Traditional Chinese Medicine - financial performance
  • Table: Jiangsu Province Hospital of Traditional Chinese Medicine - financial performance
  • Table: Beijing Hospital of Traditional Chinese Medicine - financial performance
  • Table: Oriental Hospital - financial performance
  • Table: Dongzhimen Hospital - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Traditional Chinese Medicine Hospitals Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Traditional Chinese Medicine Hospitals Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)
  • Number of Patient Visits (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Traditional Chinese medicine therapy involving the insertion of thin, solid needles into the skin
  • Inpatient
  • An inpatient is admitted to the hospital and stays overnight or for an indeterminate time, usually several days or weeks.
  • Moxibustion
  • Traditional Chinese medicine therapy using moxa or mugwort herb.
  • Outpatient
  • An outpatient is a patient who is not hospitalized overnight but visits a hospital, clinic or associated facility for diagnosis or treatment.
  • Prevention Treatment Of Disease
  • The basic principle of TCM, referring to adoption of certain measures to prevent the emergence of disease and further development of disease.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Traditional Chinese Medicine Hospitals market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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    This report on Traditional Chinese Medicine Hospitals:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Traditional Chinese Medicine Hospitals market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

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