Dublin, May 03, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "China Private Hospital Industry Research Report: 2015-2016" report to their offering.
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.
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. We expect further investment of private capital in the healthcare service sector would allow the number of higher-tier private hospitals to increase.
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.
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.
Key Topics Covered:
1 Executive Summary
2 Development of Private Hospitals in China
2.1 Key Growth Drivers for China Private Hospitals
2.2 Public-Private-Partnership (PPP) and Specialty Hospitals
3 China Ophthalmic Service Industry
3.1 Market Size
3.2 Overview of Eye Hospitals in China
3.2 Development Status
3.3 Competitive Landscape
3.4 Market of Various Eye Diseases
4 China Dental Industry
4.1 Market Size
4.2 Overview of Dental Specialty Hospitals
4.3 Dental Service Industry in China
4.4 Dental Orthodontics Industry in China
4.5 Competitive Landscape
5 Major Private Opthalmic Hospitals in China
5.1 Aier
5.2 Hua Xia Eye Hospital Group
5.3 Bright Eye Hospital
5.4 Aige Eye Hospital
5.5 He Eye Hospital
5.6 Xinshijie Eye Hospital
5.7 Eye & ENT Hospital of Fudan University
6 Major Private Dental Hospitals in China
6.1 Topchoice Medical
6.2 Modern Dental Group Limited
6.3 Dezhou Keen Dental Hospital Co., Ltd
6.4 Royal Dental Laboratory Limited
6.5 MEIYA OPTOELECTRONIC TECHNOLOGY INC.
For more information visit http://www.researchandmarkets.com/research/b5h6kn/china_private