Industry Analysis & Industry Trends
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 $60.7 billion, up 11.3% from 2015 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 4.7% in 2017. The scale of traditional Chinese medicine hospitals has also been expanding. There are about 3,562 traditional Chinese medicine hospitals in China, each containing 229 beds on average.... purchase to read more
Industry Report - Industry Products Chapter
Medicine 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 services are expected to account for 20.9% o.. purchase to read more