CHINA SENIOR CARE MARKET

China’s 2020 national census indicated that China has nearly 200 million people 65 years or older, accounting for nearly 14% of the country’s total population.  China’s senior care market is predicted to reach $800 billion by 2025, and the figure is expected to exceed $3 trillion by 2030. 

China follows a ’90-7-3’ senior care model (90% at home, 7% in intermediate facilities, and 3% in nursing homes).  This approach is driving demand for both professional nursing and rehabilitation services and smart products and solutions. 

On October 20, 2021, the Government of China published its five-year Development Action Plan for the Smart Elder Care Industry (2021-2025), which identifies the smart products and services particularly needed for elderly care, including but not limited to:

•    Wearable devices and self-service health testing equipment for testing blood pressure, blood oxygen, body density, heart health (ECG), and similar testing and monitoring devices. 
•    Rehab training equipment such as exoskeleton robots and rehab training assessment devices.
•    Smart care products such as handling robots, smart nursing beds, smart mattresses, bed exit alarms, and sleep monitors.
•    Telemedicine solutions
•    Health management solutions, integrated preventive health care, chronic disease management, emergency relief, rehab training/guidance, and similar services.  

For more information contact Catherine.Le@trade.gov.