Status quo of Upstream development of China's elderly care Industry in 2024

The core data of this paper are: elderly care industry chain, China's medical device market, China's health product output, and the number of rehabilitation hospitals in China

Overview of the pension industry chain: there are many industries involved in the upstream

With the continuous increase of the elderly population and the continuous expansion of the demand for old-age care, the industrial chain of old-age care in China has gradually formed. The pension industry chain covers a wide range and involves many industries, and the upstream mainly includes medical devices, rehabilitation AIDS, health products and other industries.

At present, the medical device representative enterprises in the upstream of China's pension industry are: Yuyue Medical, Sanuo Biological, Rui food intelligent, Xiangyu Medical, etc.; Food and drug representative enterprises include: Tomson Bihealth, Dong 'E Ejiao, Centrum, Nutrilite and so on.

Medical device market: small scale expansion

According to the "China Medical device Industry Blue Book (2023)" statistics, 2016-2023 China's medical device industry market size showed an upward trend year by year, 2021 affected by the epidemic, China's medical device industry market size reached trillion yuan for the first time. The market size in 2023 is about 1322.5 billion yuan.

Health products market: The industry output is increasing

From 2016 to 2023, the output of health products industry showed an overall growth trend; According to the data of the China Nutrition and Health Care Association, the output of China's health care products market in 2023 is 852,000 tons, an increase of 8.22%, reflecting the improvement of the supply level of the industry. Overall, the market supply level of China's health care products industry has increased year by year.

Rehabilitation medical market: the number of institutions is increasing year by year

Since 2008, the number of rehabilitation hospitals in China has been increasing year by year. In 2013, the total number of rehabilitation hospitals in China was 376, a year-on-year increase of 16.77%, the largest increase in recent years; In 2022, the number of rehabilitation hospitals in China reached 814, an increase of only 4 specialized rehabilitation hospitals compared with the previous year, a slight increase of 0.49%. According to the preliminary calculation, there will be 844 rehabilitation hospitals in China in 2023.