Chinese Healthcare Products Market for the Elderly

Considering the current trend, the proportion of people aged 65 and above in the total population may exceed 20% after 2030, by which time China will enter a heavily aging society, and the demand for elderly products and services will rise. Data show that the healthcare industry, as an important part of the elderly’s demands, has a market size exceeding RMB 150 billion yuan (USD $23.1 billion).

It’s also demonstrated that more than 90% of Chinese seniors spend less than RMB 500 yuan (USD $76.84) on healthcare products, whose efficacy is more valued than brand names. (Source: spgykjzzs)