China's digital healthcare revolution gaining ground
Mobile penetration, smartphone ubiquity and the Internet are leading the way.
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THE healthcare sector in China today is being reshaped by the rapid expansion of China's middle class and the growing purchasing power of its digital native generation. Additionally, a government reform policy, technology trends and rapid consumer adoption are driving the revolution of China's healthcare ecosystem towards the development, integration, and use of digital health and a variety of innovative tools and business models.
A 2015 Deloitte report confirms the undeniable fact that China's healthcare market is huge and is still increasing rapidly. The country's annual expenditure is projected to grow at an average annual rate of 11.8 per cent from 2014, reaching US$892 billion by 2018.
But even though healthcare spending is huge, not all citizens are actually getting the service they need.
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