China Orthopedic: What Drives The Growth? (Seeking Alpha)
China has around 200 million people over the age of 60 now, with 8 million adding to the count each year. At this rate, by 2050, China would have a whopping 400 million people over 60 years old, a number that is greater than the entire current population of the United States. The aging population could turn into an Achilles heel for China's leadership in the coming years and serve well the orthopedic industry.
Now let us look the growth drivers for the industry.
1. Aging population: The UN projects that by 2050, over 400 million, or nearly 33%, of Chinese citizens are expected to be over 60 years old, a number that is greater than the estimated entire population of the United States in 2009.
Source: Deloitte
2. Increasing life expectancy
Source: Frost and Sullivan
3. Prevalence of osteoporosis condition: According to China Osteoporosis White Paper (2008), nearly 70 million of the people over 50 years old in China have osteoporosis conditions in 2006.
Prevalence of arthritis in selected countries in 2008
Source: Trauson Prospectus
4. A fast growing domestic economy and increasing disposable income: According IMF, during the...
