养老院：智慧养老，打造老年人舒心新家园 头豹词条报告系列

Investment Rating - The report does not explicitly state an investment rating for the elderly care industry Core Insights - The elderly care industry provides centralized living and comprehensive care services for the elderly, aiming to enhance their quality of life and health safety. The industry is significantly driven by policies, with the government proposing a series of supportive measures to promote its development. The demand for personalized services is strong, and there is a high degree of inter-industry reliance. The historical changes in market size are influenced by the ineffective socialization of public elderly care institutions and persistently high occupancy rates. In the future, as the number of elderly care beds steadily increases, aging intensifies, and the elderly population grows, the elderly care industry will welcome broader development space, especially with a growing demand for high-quality elderly care services [1][2][14][15][37]. Industry Definition - The elderly care industry consists of specialized institutions that provide centralized living and comprehensive care services for the elderly, primarily targeting those who require a certain level of daily care and medical assistance. It includes various types of institutions such as nursing homes, care centers, and senior apartments, equipped with professional medical staff and facilities to meet the diverse needs of the elderly [2]. Industry Classification - The elderly care services can be classified into several categories based on their functions and attributes, including elderly care services, elderly medical and health services, health promotion and social participation for the elderly, social security for the elderly, education and training for the elderly, financial services for the elderly, technological and smart elderly care services, public management of elderly care, and other elderly services [3][4][5][6][7][8][9][10][12][13]. Industry Characteristics - The elderly care industry is characterized by significant policy-driven development, strong demand for personalized services, and high inter-industry reliance [14]. Policy Influence - The development of the elderly care industry is significantly influenced by government policies, which have become increasingly supportive in response to the aging population. Policies encourage the innovation of community elderly care models and the deepening of medical and elderly care integration, reflecting heightened attention from national to local levels [15]. Market Development Stages - The elderly care industry in China has undergone four development stages: 1. Emergence Stage (1949-1977): Primarily government-run welfare institutions providing basic care services [17][18]. 2. Initiation Stage (1978-1999): The establishment of elderly work institutions and regulations, leading to the initial development of elderly care services [19]. 3. Rapid Development Stage (2000-2011): The formation of a preliminary elderly care service system, with increasing diversity in service models [20]. 4. Mature Stage (2012-Present): The demand for high-quality elderly care services has increased, with significant social capital entering the industry and the rise of smart elderly care services [21]. Industry Chain Analysis - The elderly care industry chain consists of three main segments: - Upstream: Medical equipment suppliers, rehabilitation equipment suppliers, and nursing services [22]. - Midstream: Elderly care operating institutions providing comprehensive services [28]. - Downstream: Elderly consumers [31]. Market Size and Growth - The market size of the elderly care industry increased from 43.463 billion RMB in 2017 to 52.911 billion RMB in 2022, with a compound annual growth rate of 4.01%. It is projected to grow from 53.69 billion RMB in 2023 to 55.392 billion RMB from 2023 to 2027, with a compound annual growth rate of 0.78% [33]. Future Growth Drivers - The steady increase in the number of elderly care beds, approaching national planning targets, reflects the government's commitment and societal demand, indicating broader development opportunities for the elderly care industry [37]. The aging population and increasing elderly demographic will further drive the demand for elderly care services [38].