The effect of herd formation among healthcare investors on health sector growth in China

Table 1 Shareholding percentage of market participants by sector (%)

Year	Domestic individual	Domestic institution	Foreign investor	Domestic individual	Domestic institution	Foreign investor	Domestic individual	Domestic institution	Foreign investor
	Healthcare facilities			Medical equipment manufacture			Medical supplies & distribution
2004	90.44	0.87	7.80	90.14	0.64	9.14	81.58	0.47	15.95
2009	94.64	0.80	3.57	92.62	0.55	5.84	81.89	0.52	14.60
2014	75.42	0.91	23.67	64.99	0.90	34.11	82.54	0.54	16.93
	Pharmaceuticals diversified			Pharmaceuticals generic and specialty			Biotechnology
2004	89.24	1.91	6.85	90.83	0.33	5.84	86.67	0.75	12.58
2009	94.74	3.17	1.09	95.64	0.72	2.64	93.29	0.40	2.31
2014	60.94	1.58	27.49	94.39	0.28	4.33	88.64	0.83	9.53
	Managed health care			Diagnostic substances			Medical laboratory and research
2004	85.85	2.17	11.98	90.44	0.87	7.80	88.49	1.09	9.43
2009	85.98	2.97	11.05	94.64	0.80	3.57	85.87	1.47	11.67
2014	72.95	1.45	25.61	75.42	0.91	23.67	81.50	0.97	14.53
	Advanced medical equipment manufacture			Healthcare Transportation			Therapeutic Medicine
2004	88.49	1.09	9.43	86.02	2.03	9.96	85.84	0.57	11.59
2009	85.87	1.47	11.67	89.93	1.93	6.15	90.67	0.55	7.78
2014	81.50	0.97	14.53	81.26	2.42	14.32	77.43	0.66	18.91
	Medical Tourism			Other Medical Support services
2004	85.85	0.64	9.14	91.90	1.46	6.64
2009	85.98	0.55	5.84	95.74	0.55	4.72
2014	62.95	0.90	34.11	87.80	1.89	10.41

ISSN: 1475-9276