China PC Online Health & Fitness Industry Matrix - Q3 2016
China's PC online healthcare market has grown from approximately RMB 2.7 bln in 2011 to RMB 20.2 bln in 2015. Driving the market is a steady increase in the internet penetration rate (51.7% as of the end of H1 2016), maturation of internet ecosystems and related technologies such as big data analysis, rising average incomes, and changing lifestyles, with Chinese consumers now attaching increasing importance to health and fitness. China's spending on pharmaceuticals, for example, was forecast to exceed USD 107 bln in 2015, up from USD 26 bln in 2007, and China is poised to become the world's second-largest drug market, after the U.S., by 2020, according to research published in 2014 in the Journal of Pharmaceutical Policy and Practice.
With the number of internet users in China exceeding 710 mln by the end of H1 2016, traditional industries like healthcare have increasingly embraced the internet as a means of improving efficiency, cutting costs, and providing more targeted, customized services. China's healthcare industry regulators have also endorsed the development of online healthcare, with the China Food & Drug Administration announcing in early 2015 efforts to finalize a new policy allowing online sales of prescription drugs. In addition, China's top policy makers, as part of the country's "Internet Plus" economic development plan announced in March 2015, have made the integration of traditional healthcare systems with advanced internet technologies a key focus. At the same time, a series of online and mobile healthcare scandals over the last several quarters has led to tighter regulation of the sector, although industry players have proven resourceful in adapting to and navigating around the new rules.
As technological, regulatory, economic, and social factors have aligned over the past several years to create attractive opportunities in the development of online healthcare and fitness platforms, investment in the sector by venture capital firms, major internet companies, and traditional healthcare and insurance providers has ramped quickly. Many startups in the field have already achieved Series C funding or better, and leading internet and mobile services firms like Baidu, Alibaba, and Tencent have been active both in launching online healthcare platforms of their own and investing in online healthcare and fitness startups.
To help investors and health industry enterprises identify opportunities among China's quickly growing number of online health and fitness platform operators, Marbridge has researched and formulated the China PC Online Health and Fitness Industry Matrix. The Q3 2016 edition of the Matrix provides details, in Excel (read-only) format, on:
Leading PC Online Health and Fitness Service Providers (130)
- Listing Status (public, to list, private)
- Location (city in which operator is headquartered)
- Date Established
- Company Business Scope
- Company Homepage URL
- Funding Information
- Platform Overview
- Platform Description
- Platform Functions by Category
- Availability of Corresponding Mobile App
The Q3 2016 Chinese PC Online Health & Fitness Industry Matrix also features a section detailing relevant regulatory issues in China's online and mobile healthcare industry, including explanations of grey areas and methods service providers are employing to adapt to or circumvent regulations.
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