China Online Healthcare Market Report 2024: A $583.6 Billion Market by 2028, with CAGR of 36% During 2024-2028 - Growing Need to Provide Better Management for Chronic Diseases [Yahoo! Fina...
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Yahoo! Finance
China's online healthcare market is forecasted to reach US$583.68 billion in 2028, experiencing growth at a CAGR of 36.89% during the period spanning from 2024 to 2028. Growth in the Chinese online healthcare market is supported by factors such as aging population, rising health expenditure, support from Chinese government, technical innovations and rising internet penetration. However, the market growth is expected to be restrained by lack of motivation and lack of confidence trust of patients in online health care services. China's online healthcare market by type can be segmented as follows: online pharmacy, digital healthcare infrastructure, online enterprise service, online consultation, online consumer healthcare and others. In 2023, the dominant share of China online healthcare market was being held by online pharmacy, followed by digital healthcare infrastructure. China's online pharmaceutical sales (including prescription and OTC pharmaceuticals) are likely to record a s
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