Mobile technologies, social networks and e-commerce are some of the most prominent examples of digital technology advancements in the People's Republic of China. Healthcare universally lags behind other fields in innovation. New technologies, while challenging the status quo practices, present a wild range of opportunity for technical advancement and care personalization. In other fields, information and communication technologies are already changing the daily reality of the average citizen of the People's Republic of China. In order to keep up with the progress, digital innovation is a must in care delivery, and the market is moving - in the first half of 2016, the volume of private investment in digital care has already exceeded $1,4B.
Rapidly aging population of the People's Republic of China, coupled with the following expansion of the governmental healthcare programs signify the strengthening societal focus on care delivery. 35-year long "one-child policy", which terminated in January of 2016, aided in managing population growth and facilitated economic stability. However, the policy amplified the universal trend in population aging, and so far the tendency has not registered a slow-down. Chronic disease management becomes a priority as the life expectancy of the Chinese citizens grows, which stresses the system of medial care, both in the medical and educational aspects. The world is watching as the People's Republic of China prepares to meet these challenges.
mHealth is a trend scrutinized globally, and in the People's Republic of China mobile medicine could be the most prominent area of growth. In 2016 the volume of the national market of medical services is ¥7B and is expected to exceed ¥10B in 2017 with 74.5% CAGR. Mobile health app market in the last five years has grown considerably, attracting investors. As is the case universally, mobile health apps so far have been used to provide a set of primitive functions. Self-diagnostics and medical examinations are included in just 8% of the total amount of apps with the other 6% used for searching for extra information. However, it is clear that mobile products would soon be used for a much wider range of applications in the People's Republic of China. The combination of the government support, growing incomes and advanced technologies present a new horizon of opportunities. The blooming middle class supports the demand for high-quality care delivery, which in itself is the source of constructive pressure onto existing capacities. Retrospectively, EY reports mark the growth of the private insurance market in the country from ¥1,5T in 2014 to ¥2.4T in 2015. In 2020, the market is expected to reach ¥5T.
Over 700 million citizens of the People's Republic of China have access to Internet and 86% of them get on-line via their mobile phones , which facilitates rapid development of disruptive information and communication technologies and services. mHealth is the field where we shall see fundamental changes in care delivery in the People's Republic of China in the nearest future.