China’s growing aging population is putting a strain on the nation’s healthcare resources as the average elderly person consumes up to five times more health care resources than a younger person. Presently, 14 percent of China’s population is 60 or older and that total is expected to increase to 30 percent (437 million) by 2050. Consequently, health care services for seniors are expected to represent almost 23 percent of China’s healthcare expenditures and spending on senior care is forecasted to increase to more than 50 percent by 2020.
To compound this situation, there is a severe shortage of nursing home employees to cope with the size and demands of its aging population.
While there is a growing opportunity for foreign companies to provide home care services and institution-based care to seniors, international firms must first become familiar with the regulatory landscape, cultural considerations, and the expectations of Chinese seniors from different regions of the country regarding costs and services/amenities.
Why attend WMTC China-Zhejiang?
- Explore business and investment opportunities in China’s senior care sector and learn more about the changing regulatory landscape from industry experts.
- Learn about the different models in senior care in China including assisted living, nursing care, continuing care retirement communities, and memory care projects
- Connect with China’s senior care companies to learn about new developments
- Schedule one-to-one meetings with potential partners in advance online.
“We wanted to thank you for the time we spent together at the MTA conference and trade mission…it was our first time in China, and it was a pleasant experience and effective at the same time.”
“Thank you SO much… China was an eye opening experience for me. One-fourth of the world’s people will soon demand access to cutting edge healthcare via their expanding economy and increasing exposure on the world stage. I saw opportunities to both learn and teach… and I saw opportunity to provide options for them if seeking care abroad. I look forward to cultivating these new relationships on both a business and personal level”
Dr. Alejandro Badia
“MTA is great at organizing key players and stakeholders to visit one of the fastest growing healthcare markets in the world and people from Beijing Great-Idea Business Resources just know how to host the international guests and what are of benefit to them and the host country. It was a very successful trip and we all enjoyed it a lot. Thank you!”
Dr. Win Zaw Aung
“MTA did a great job by organizing the trade mission and Congress. The event opened new opportunities to all the participants of the trade mission. To get acquainted with so many Chinese serious businessmen during one week face to face would have been not possible without this trip. We all do appreciate and are sincerely grateful to MTA. Moreover the interaction within the group was incredible. I am sure new projects will be launched as a result.”
Head of ABT Educational