“China currently has the fastest growing major healthcare market in the world with a five-year compound annual growth rate of 17%, compared to just 4% in the United States, and -2% in Japan,” according to KraneShares.
China is taking other steps to improve prevention and treatment and those trends could benefit KURE components going forward.
“Grass-roots institutions provide primary public and clinical health care to rural communities in China. Comprising community and village clinics, township centers, and outpatient departments, grass-roots facilities possess only basic health equipment and lack funding, technology, and properly trained healthcare professionals,” according to Markit.
For more market news, visit ETFTrends.com.