China's Healthcare Sector Sees 79% Growth in Investment
China's healthcare industry saw a 78.64% year-on-year growth in 2018 with $12.28 billion funds flowing into the sector.
February 19, 2019 | BY
Jacelyn JohnsonChina's healthcare industry saw a 78.64% year-on-year growth in 2018; and a Citibank report says 2019 will see a large pour of foreign investment in China's capital markets.
China's healthcare industry saw a 78.64% year-on-year growth in 2018 with $12.28 billion funds flowing into the sector.
A report by medical research consultancy vcbeat.net, showed that fundraising in the country's medical sector had grown rapidly from the 6.72 percent seen in 2017 to the current level. According to the report, much of the investment was fueled by the surging healthcare demands from the country's aging population, and people's growing healthcare demand as well as the government's policy adjustments.
The pharmaceutical sector continued to be the highest investment which garnered $3.1 billion of funds with deals in this sector seeing a growth of 210% year on year. The biotechnology sector attracted an investment of $1.6 billion and was ranked second.
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