2020 China’s mental health industry trends: the market will usher in rapid development in the next few years
China Report Network prompts: With the improvement of residents’ living standards in recent years, people pay more attention to their health, and the overall health industry in China has shown rapid growth. Data show that by 2018, China’s big health revenue will exceed 5 trillion yuan, reaching 5.4 trillion yuan, and it is expected to reach 9 trillion yuan in 2020. According to relevant national plans, the market size of the big health industry brought by “Healthy China” is expected to reach 10 trillion yuan by 2020, and it will exceed 16 trillion yuan by 2030, which is three times the current market size.
In the overall health environment, as well as the increase in the number of young patients, China’s mental health has begun to pay attention to. However, due to the late start of China’s mental health industry, its market size has not exceeded 10 billion yuan. At present, China lacks attention to mental health testing. The mental health industry is a shortcoming that China’s economic construction needs to make up for, and there is a lot of room for development in the future. According to experts at the Xinling Vision 2019, Health China Mental Health Industry Development Summit Forum held on December 21st 2019, with the growth of demand and the addition of capital, China’s mental health industry will usher in rapid development in the next few years.
At the same time, according to data, from 2016 to 2018, the number of adolescent patients in hospitals in China has increased at a rate of 10% every year. The hospital appealed to care more for the mental health of young people and children. At present, depression is the most concerning mental illness in colleges and universities. According to data, the incidence of depression among young people is 8.1%, which is about four times the national average. Therefore, China’s mental health market has a broad development space.
(Source: China Health Industry Association, and Guanyan Tianxia)
