As people's awareness of rehabilitation increases and society ages, the demand for rehabilitation equipment will also be accelerated. By 2023, China's rehabilitation medical industry is expected to reach a scale of 100 billion, with a compound annual growth rate of over 18%.
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China has entered an aging society with an average annual net increase of 8 million to 12 million old people. As of 2015, China's population aged 60 and over reached 220 million, accounting for 16% of the total population. Among them, the number of disabled and semi-disabled elderly has reached 40 million. The United Nations Population Division predicts that China’s population over the age of 60 will reach 245 million by 2020. Among them, about 100 million elderly people have rehabilitation needs. More than 4/5 of the people currently in need of rehabilitation are unable to receive formal rehabilitation in a timely manner. As market demand continues to surge and support policies are overweight, rehabilitation devices are receiving important attention as an important tool for improving the quality of life of disabled and elderly people.
The rehabilitation medical industry is an important part of the medical service industry. In developed countries, the rehabilitation industry has become a more mature medical system. At present, China's rehabilitation medical industry is in the early stage of development, showing the current situation of less capital investment, insufficient supply, small scale of rehabilitation institutions and backward equipment. The future pension and medical system will face enormous challenges, and the rehabilitation medical service market will have a huge room for improvement.
In terms of policies, in March 2016, the Health and Family Planning Commission jointly issued the “Notice on the New Medical Rehabilitation Projects to be included in the scope of payment for basic medical insuranceâ€, requiring medical rehabilitation to be included in the scope of payment before June 30, 2016. On the basis of the project, 20 new rehabilitation projects such as “Rehabilitation Comprehensive Assessment†will be included in the scope of medical insurance payment. Compared with the original 9 items, the payment range will be expanded exponentially, which will accelerate the expansion of the rehabilitation market. In addition, in December 2015, the Ministry of Human Resources and Social Security issued the “Guiding Opinions on Improving the Agreement Management of the Medical Insurance Organizations for Basic Medical Insuranceâ€, clearly requiring all the unified areas in the country to completely abolish the qualifications of designated medical institutions implemented by the social insurance administrative department. Review the project, simultaneously improve the agreement management of social insurance agencies and medical institutions, and improve the management service level and fund use efficiency. This is of great significance for encouraging social capital to enter the medical and health fields and promote the development of the health service industry.
According to the "2016-2020 China Rehabilitation Medical Industry In-depth Research and Investment Strategy Research Report" issued by China Investment Consulting, with the accelerated deployment of social capital, the continuous improvement of medical insurance and the series of policies for pension rehabilitation, China's medical and health system reform will be implemented. Continuous deepening, it is expected to form a systematic, complete and adequate rehabilitation medical supply system. In the future, with the help of medical informatization and Internet medical care, the rehabilitation medical industry will usher in a period of rapid development.
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