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China's Two Healthcare Markets: $64 Billion in Rural Spending and Rapid UrbanizationBOSTON --(Business Wire)-- The world's most populous country and the one with the largest aging population - 300 million aged 65 or over by 2030 - represents one of the most exciting markets for healthcare companies. However, two very different markets are emerging - a Western-style market in cities and a Third-World-style market in its villages - presenting a unique testing ground and opportunity for developing a range of healthcare solutions, says Lux Research. "China is bifurcated into two distinct healthcare and biopharmaceutical markets. The urban market is rapidly growing due to young people migrating to cities, and developing western-style illnesses such as obesity and diabetes. On the other hand, a large rural population primarily suffers from Third-World diseases with less access to health resources," said Zhihao Yu, Lux Research Analyst and the lead author of the report titled, "China: One Country, wo Health Care Markets." Lux Research analysts built a model to assess the market based on the Chinese government's plans. Among their findings:
The report, titled "China: One Country, Two Health Care Markets," is part of the Lux Research China BioPharma Intelligence service. About Lux Research Lux Research provides strategic advice and on-going intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.
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