The market size of China’s smart health industry is growing rapidly year by year, with an average annual compound growth rate of more than 40%. Among them, the shipment volume of smart wearable devices is huge. The General Office of the State Council issued the “14th Five-Year Plan for National Health Plan”. The plan proposes to promote the integrated development of health and elderly care, tourism, Internet, fitness and leisure, food and other industries, and to strengthen new health businesses and new models. Support the in-depth integration of health management, preventive intervention, health care, fitness and leisure, culture and entertainment, and residential care for the elderly, and innovatively develop smart health care services such as health consultation, emergency rescue, chronic disease management, and life care. Strengthen the effective supply of the state-owned economy in the field of health and elderly care.
China has issued the "Smart Healthy and Elderly Care Industry Development Action Plan (2021-2025)", which demonstrates the Chinese government's determination to develop smart, healthy and elderly care; the policy mentions products and services, etc. Age-appropriate transformation.
As of now, there are nearly 440,000 smart medical-related companies in my country, nearly 80% of which were established within 5 years. In terms of geographical distribution, Shanghai ranks first in the country with 91,000 smart medical-related companies, accounting for 60% of the country, followed by Guangdong Province and Jiangsu Province, with 64,000 and 41,000 companies respectively, ranking second and third. In the past ten years, the number of medical-related companies has continued to grow, with an average five-year growth rate of 23.7%.
Health monitoring equipment includes: blood pressure meters, B-ultrasound machines, blood glucose meters, ventilators, oximeter, medium and low frequency physical therapy equipment, automatic external defibrillators, etc. The comprehensive health industry now accounts for a huge market share. Smart health monitoring industry In developed countries, the added value of the health industry accounts for more than 15% of GDP, but in my country, it only accounts for 4% to 5% of GDP, which is lower than many developing countries. At present, the annual revenue of China's health industry is approximately US$90 billion (approximately RMB 573.2 billion), while the output value of the US health industry has exceeded US$1 trillion.
The all-in-one health machine can detect health data such as electrocardiogram, heart rate, blood sugar, blood pressure, blood oxygen saturation, urine routine, body temperature, total cholesterol, etc. It also supports transmitting the collected data to Personal health file, with doctors giving health assessment and advice remotely through the Internet. It is used to carry out medical and health services such as physical examination, diagnosis and treatment, chronic disease follow-up, and health intervention.
The all-in-one health machine project is a national key livelihood project. In order to improve the conditions of primary medical services and enhance the level of medical health, local governments across the country have launched the construction of "all-in-one health machine" projects. Specially subsidized by central fiscal funds, the project implements "provincial bidding, free distribution, township management, and use by village doctors."
At present, the infrastructure construction of the domestic smart health market has formed a relatively mature system. The scale of the application market and software market will gradually increase, and the market segments will gradually become diversified. Among them, the smart health monitoring industry Mobile medicine, telemedicine and fitness consumption are also in China. At present, in addition to Taikang, Ping An, Taikang and other insurance companies deploying the health care industry, real estate companies such as Vanke, Evergrande, China Resources, and Wanda are also developing senior care real estate. At the same time, foreign senior care industry giants such as Australia, France, and the United States are also passing the Various forms have entered the Chinese layout.
Industrial resources in the fields of information technology, health care, and elderly care services are accelerating cross-border integration. The smart health monitoring industry has formed a smart health industry that includes medical and health electronic product manufacturing, system integration, service operations, etc. Elderly care industry chain. The smart health and elderly care industry chain can be divided into three parts: upstream smart health and elderly care products, midstream smart health and elderly care services, and downstream smart health and elderly care objects. The upstream part of the industry chain is responsible for providing intelligent hardware products, building intelligent software systems and application platforms for the entire industry chain, and is the core link in the smart health and elderly care industry.
China has fully entered an aging society. It is expected that by 2025, China’s elderly population will exceed 200 million, by 2035, it will exceed 300 million, and by 2050, it will reach 380 million. The rapid increase in China's elderly population has given rise to the rapid rise of large health service industries such as rehabilitation care, home care, community care, and integrated medical care, and the scale of the smart health monitoring market is rapidly expanding.
With the advancement of the "Healthy China 2030" strategic plan, my country's national health awareness has gradually increased, and the medical and health industry has maintained high growth for five consecutive years. According to relevant data predictions, it is expected that by 2030, the scale of China's big health industry will reach 16 trillion, which is three times the current market.
Currently, 70% of people in our country are in a sub-healthy state and 15% are in a diseased state. In the next 10 years, various chronic diseases will rapidly spread to every family at an explosive rate. WHO data shows that China's per capita health expenditure is less than 5% of that of the United States, and the gap between my country's per capita health expenditure and the global per capita health expenditure is even greater, only 1/5.
In this environment, along with China's national strength Factors such as the strengthening of the economy, the acceleration of population aging, and the continued growth in the proportion of residents’ consumption of health services all indicate that the big health era is coming. Therefore, China’s smart health monitoring industry has huge development potential.