China Acute Hospital Care Market Size & Outlook, 2023-2030
China acute hospital care market, 2017-2030 (US$M)
Related Markets
China acute hospital care market highlights
- The China acute hospital care market generated a revenue of USD 75,714.5 million in 2023 and is expected to reach USD 145,453.3 million by 2030.
- The China market is expected to grow at a CAGR of 9.8% from 2024 to 2030.
- In terms of segment, emergency care was the largest revenue generating medical condition in 2023.
- Acute Care Surgery is the most lucrative medical condition segment registering the fastest growth during the forecast period.
Acute hospital care market data book summary
| Market revenue in 2023 | USD 75,714.5 million |
| Market revenue in 2030 | USD 145,453.3 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Emergency care |
| Fastest growing segment | Acute Care Surgery |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Emergency Care, Short-term Stabilization, Trauma Care, Acute Care Surgery, Other Medical Conditions |
| Key market players worldwide | Tenet Healthcare Corp, Fresenius Medical Care AG, Ramsay Health Care Ltd, Universal Health Services Inc Class B, Community Health Systems Inc, Ascension, IHH Healthcare Bhd, Ardent Health Services, Mediclinic International, Asklepios, LifePoint Health |
Other key industry trends
- In terms of revenue, China accounted for 2.3% of the global acute hospital care market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan acute hospital care market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 145,453.3 million by 2030.
Emergency care was the largest segment with a revenue share of 53.78% in 2023. Horizon Databook has segmented the China acute hospital care market based on emergency care, short-term stabilization, trauma care, acute care surgery, other medical conditions covering the revenue growth of each sub-segment from 2017 to 2030.
China is a technologically advanced country with rapidly growing demand for improved healthcare services. Several initiatives are being undertaken by government authorities and private industry players to improve healthcare systems, care facilities, and medical devices sector to cater to growing need in China.
Furthermore, according to World Economic Forum, the Chinese government is implementing measures to transform the healthcare system, with focus being on “big health” rather than “disease-centered care.” This is anticipated to boost adoption of digital health solutions and preventive care services.
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Acute Hospital Care Market Scope
Acute Hospital Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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China acute hospital care market size, by medical condition, 2017-2030 (US$M)
China Acute Hospital Care Market Outlook Share, 2023 & 2030 (US$M)
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