The China digital health market is projected to exhibit a growth rate (CAGR) of 17.50% during 2024-2032. The market is thriving, driven by technological advancements, government support, and a growing demand for telemedicine, AI diagnostics, and health apps. It is further witnessing rapid growth with increased investment in digital healthcare infrastructure and innovative health tech solutions, enhancing accessibility and quality of care across the country.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2023 |
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Growth Rate (2024-2032) | 17.50% |
Government Initiatives and Policies
The Chinese government is significantly boosting its digital health sector through various initiatives and policies. A key policy is the promotion of “Internet plus Healthcare” which integrates internet technologies with traditional healthcare services to improve accessibility and efficiency. This initiative facilitates online consultations, remote diagnostics, and digital management of health records. The COVID-19 pandemic led to a rise in telemedicine with China witnessing the approval of 2700 Internet hospitals and a user base of 363,000,000 for online medical services by the end of year 2022. The market size for Internet hospitals and online pharmacies reached approximately RMB 310 billion and RMB 250 billion respectively representing a year-on-year increase about 39% and 36%. The implementation of regulation on human genetic resources management aims to streamline the development and application of genetic technologies in healthcare. These regulations ensure ethical standards and data security while fostering innovation in precision medicine and genetic research. Together these factors are part of a broader strategy to modernize China’s healthcare system making it more accessible and technologically advanced.
Integration of AI and Big Data
Artificial intelligence (AI) and big data are important in revolutionizing healthcare delivery in China. AI is used for drug development by accelerating the identification of potential compounds and optimizing clinical trials. China is advancing it's a smart Chinese medicine with the establishment of CR-BU Joint Innovation Center on Smart Chinese Medicine. This collaboration between Hong Kong Baptist University and China Resources Research Institute of Science and Technology Aims to develop a chronic disease management system and conduct research on AI and big data in Chinese medicine. The initiative aligns with Chinese government’s focus on smart hospital construction and increasing R&D expenditure mainly in AI. The collaborative effort seeks to standardize and internationalize smart Chinese medicine contributing to the modernization of traditional Chinese medicine. In diagnostics, AI algorithms analyze medical images and data to detect diseases like cancer at early stages, further enhancing accuracy and speed. Personalized treatment plans are developed using AI to tailor therapies based on individual patient data, which, in turn, improves the final outcome. Big data enhances health management by aggregating vast amounts of health records, enabling predictive analysis to identify health trends and potential outbreaks. It also supports medical research by providing these comprehensive datasets for studying disease and developing new treatments.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type and component.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes telehealth, medical wearables, EMR/EHR systems, medical apps, healthcare analytics, and others.
Component Insights:
A detailed breakup and analysis of the market based on the component have also been provided in the report. This includes software, hardware, and service.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North China, East China, South Central China, Southwest China, Northwest China, and Northeast China..
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Types Covered | Telehealth, Medical Wearables, EMR/EHR Systems, Medical Apps, Healthcare Analytics, Others |
Components Covered | Software, Hardware, Service |
Regions Covered | North China, East China, South Central China, Southwest China, Northwest China, Northeast China |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |