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What are the segments of the health industry?

Jun 19,2023

The big health industry refers to a series of health production and operation, service provision and information dissemination related to maintaining health, restoring health, promoting health, and health management. It includes five major subdivisions:

(1) Medical industry with medical service institutions as the main body;

(2) The health care product industry with the production and sales of pharmaceuticals, medical devices, and medical consumables as the main body;

(3) The health care product industry with the production and sales of health food and health products as the main body;

(4) A health management service industry with health testing and evaluation, consulting services, conditioning and rehabilitation, and security promotion as the main body;

(5) The health care industry is dominated by the care market; the pharmaceutical industry and the health care industry currently account for the largest market share;

1. Pension Industry

Population aging has benefited the elderly care industry. Based on the annual consumption of each elderly person at 10,000 yuan, the current market size of the elderly care industry exceeds 2 trillion yuan.

According to the data from the National Office on Aging, in 2020, the national population of 60-year-olds will reach 248 million, and the aging level will be 17%. From 2015 to 2020, with the development of the economy and changes in the concept of elderly care, the consumption level of the elderly will also increase. Taking the GDP growth rate as the growth rate of the average annual consumption of the elderly, the market size of over 2 trillion Enterprises can focus on the six major fields of pension real estate, pension services, pension finance and insurance, pension daily necessities, pension entertainment and pension education.

1. The elderly care industry has a large initial capital demand, a long investment return cycle, low short-term yields, difficult professional management, and high requirements for supporting service facilities. Market entrants need to be alert to risks.

2. Judging from the current situation of market incumbents, the profit model has yet to be explored and the market has yet to be cultivated.

3. Health preservation, nursing and treatment, and the steps to enter these three professional fields are quite high, which cannot be easily crossed by ordinary service providers, and there are certain thresholds.