Market Requirement:

    The actual demand for electric nursing beds exceeds 10 million.

     ————Yearbook report 2020

    The shortage of elderly care service personnel exceeds 6 million

    ————Ministry of Civil Affairs, National Health Commission

On the whole, China has maintained steady and upward development：

     In 2019, the market of electric nursing beds exceeded 410 billion yuan,with 278,000 units sold and an output value of 1.156 billion yuan. The policy required an increase of 28% (8.21 million nursing beds), and 52.71 million disabled and semi-disabled elderly people (over 12 million disabled elderly people).  

Focus on smart care device segment market：

    The industry needs todeeply and effectively solve the nursing needs, break the situation,upgrade and extendthe industry.

Policy push：

    The state has successively issued the Action to Improve Basic Home and Community Elderly Care Services and the Action Plan for the Development of Smart Healthy Elderly Care Industry (2021-2025), and other important documents. The government has listed elderly care services, disabled care system, and new forms of smart elderly care as key projects in its development plan and accelerated their implementation, adjusting the way and intensity of subsidies