China Private Hospital Market for Dental and Ophthalmology Industry in 2016
MH, India, April 27, 2016 /PRNewswire-iReach/ -- According to China Private Hospital Industry Research Report, 2015-2016 report with the implementation of numerous favorable policies tailored to facilitate the growth of private healthcare services in the past few years, the private hospitals are much better positioned for the next stage of growth in China. Among them, the most meaningful element is the proposal to consolidate the retirement benefits and medical insurance of government employees with those of the private sectors.
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Complete report on china private hospital industry spread across 122 pages analysing major players in private dental and ophthalmic hospitals in China and providing 137 charts is available at http://www.reportsnreports.com/reports/537005-china-private-hospital-industry-research-report-2015-2016.html.
The number of private hospitals increased to 12,500 in 2014 from 2005, representing a CAGR 2005-14 of 16% vs. 2% for public hospitals in the same period. Private hospitals in China are mostly small and mediocre in terms of facilities and services. The researchers expect further investment of private capital in the healthcare service sector would allow the number of higher-tier private hospitals to increase.
In 2014, growth of insurance premiums (fund inflow) was 41% for commercial insurance, significantly higher than the 18% for the three government-managed insurance programs combined. The research report anticipates commercial insurance fund inflow will continue to outgrow public insurance programs. With public reimbursement funding facing growth deceleration, commercial insurance represents a strong growth driver for the service sector.
The ophthalmology service industry reached RMB 54 bn in 2014 at a CAGR 2005-2014 of 19%. With improving efficiency and expertise, eye specialty hospitals outgrew the overall ophthalmology. However, general hospitals still captured the majority market share. With increasing demand for cataract surgery and the world's largest myopia population, China ophthalmology service industry will deliver sustainable growth over the medium term.
The market size for the dental service industry reached RMB 47.6 bn in 2014 from RMB16.9bn in 2007, representing a CAGR of 16% in the period. This was driven by stable growth from patient traffic and ASP. The market would grow steadily to reach about RMB 82 bn in 2018 due to higher awareness in dental care and increasing aesthetic demand.
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As the largest private ophthalmology service provider in China, Aier is well positioned to enter the next growth stage to morph into a national leader from a regional operator. With 100 hospitals at present, Aier targets 200 facilities by 2017. The replicable business model and brand recognition would lead to rapid expansion, while economy of scale and stock incentive program are likely to improve profitability.
As one of the top-three players in the Chinese dental service market, Topchoice has achieved rapid growth by focusing on its home market in Zhejiang province. In order to transform itself into a national bellwether from a regional leader, Topchoice has invested heavily in the past three years by expanding its geographical footprint beyond Zhejiang and increasing the capacity of its existing facilities.
Table of Contents
1 Executive Summary
2 Development of Private Hospitals in China2.1 Key Growth Drivers for China Private Hospitals2.2 Public-Private-Partnership (PPP) and Specialty Hospitals2.2.1 Summary2.2.2 Overview of Specialty Hospitals2.2.3 Business under PPP Model
3 China Ophthalmic Service Industry3.1 Market Size3.2 Overview of Eye Hospitals in China3.2 Development Status3.3 Competitive Landscape3.4 Market of Various Eye Diseases
4 China Dental Industry4.1 Market Size4.2 Overview of Dental Specialty Hospitals4.3 Dental Service Industry in China4.4 Dental Orthodontics Industry in China4.5 Competitive Landscape
5. Aier5.1.1 Company Profile5.1.2 Finance5.1.3 Operation5.1.4 Business Segments22.214.171.124 Excimer surgery126.96.36.199 Cataract surgery188.8.131.52 Anterior segment surgery184.108.40.206 Posteria segment surgery220.127.116.11 Optometry5.1.5 Outlook5.2 Hua Xia Eye Hospital Group5.2.1 Company Profile5.2.2 Development5.3 Bright Eye Hospital5.3.1 Company Profile5.3.2 Development5.4 Aige Eye Hospital5.4.1 Company Profile5.4.2 Development5.5 He Eye Hospital5.5.1 Company Profile5.5.2 Development5.6 Xinshijie Eye Hospital5.6.1 Company Profile5.6.2 Development5.7 Eye & ENT Hospital of Fudan University5.7.1 Company Profile5.7.2 Development
6 Major Private Dental Hospitals in China6.1 Topchoice Medical6.1.1 Company Profile6.1.2 Finance6.1.3 Operation6.1.4 Business Segments18.104.22.168 Pediatric dental care22.214.171.124 IVF (in vitro fertilization)126.96.36.199 Orthodontics6.1.5 Customers & Suppliers6.1.6 Outlook6.2 Modern Dental Group Limited6.2.1 Company Profile6.2.2 Finance6.2.3 Operation6.2.4 Dental Business6.2.5 Customers & Suppliers6.2.5 Development Strategies6.3 Dezhou Keen Dental Hospital Co., Ltd6.3.1 Company Profile6.3.2 Finance6.3.3 Operation6.3.4 Dental Business6.3.5 Customers & Suppliers6.4 Royal Dental Laboratory Limited6.4.1 Company Profile6.4.2 Finance6.4.3 Operation6.5 MEIYA OPTOELECTRONIC TECHNOLOGY INC.6.4.1 Company Profile6.4.2 Finance6.4.3 Operation6.4.4 Dental Business
137 List of Charts
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