With the growing types of eye
diseases and non-basic medical needs, China’s ophthalmic hospital industry has
seen rapid development. In 2011, the number of ophthalmic hospitals in China reached
288, with an AAGR of 7.1% during 2006-2011; industry revenue attained to
RMB6.0515 billion, with a CAGR of 24.8% during 2006-2011.
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Following the rising demand, the
total revenue of ophthalmic hospitals in future is still expected to grow at a
rate of more than 20%. Among Chinese specialized hospital market segments,
ophthalmic hospital enjoys higher level of technology and profit, i.e. gross
profit hit RMB892.4 million in 2011, with a compound growth rate of 49.1% in
2006-2011; gross margin was 14.7%, much higher than 3.8% of the hospital
industry. Due to the uneven medical level as well as the quite different
reception capabilities of eye care institutions, there are some differences in
the level of profitability.
China’s largest eye institution -
Aier Ophthalmology, for instance, reached gross margin of about 50.0% in
2008-2012, significantly higher than the industrial average.
As there exists certain service
radius, China’s eye care service industry shows an obvious competition pattern
of “national dispersion, regional concentration”. With respect to the current
market share, Eye & ENT Hospital of Fudan University, Zhongshan Ophthalmic
Center of Sun Yat-sen University and other public ophthalmic hospitals hold
greater market shares locally; private hospitals such as Aier Ophthalmology and
Bright Eye Hospital are rapidly expanding the chain of eye care services,
accompanied by an increasing market share on a national scale.
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China Ophthalmic Hospital Industry
Report, 2012-2015 mainly covers the followings:
- Overview of ophthalmic hospital
market in China, including changes in number, operation, current medical
services, competition pattern, etc. of ophthalmic hospitals;
- Environment for the development
of ophthalmic hospitals in China, involving regulatory system, industry
policies, related policies that encourage the entry of private capital,
upstream & downstream industry and impact, etc.;
- China ophthalmic hospital
industry growth forecast, including the influence of Taiwan’s “Seal Knife
Gate” on the industry, ophthalmic medical institution market size
forecast, investment opportunities and risks for private ophthalmic
hospitals, etc.;
- Operation, investment, merger
& acquisition, development forecast concerning three major private
hospitals, two Sino-foreign hospitals and six public hospitals in
China.
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