Compared with the overseas health examination industry, China’s professional health examination industry, as a late starter, belongs to the sunrise industries, limited by national policies, financial support and residents’ health awareness. Due to the development of the industry, China’s health examination industry is still dominated by hospitals and other medical institutions. The private sector, as an emerging power, is rising rapidly.
I. China’s health examination market is rising sharply
II. Demand drives the scale growth of the health examination market
In terms of per capita health care expenditure, it increased from CNY 25.70 in 1990 to CNY 1630.8 in 2016 among urban residents, with a compound annual growth rate of 17.31%, and it increased from CNY 19.00 in 1990 to CNY 929.2 in 2016 among rural residents, with a compound annual growth rate of 16.14%. In terms of the number of patients in China, it has continued to increase in recent years. The total number of patients increased from 6.271 billion in 2011 to 7.932 billion in 2016, with a compound annual growth rate of 4%. The total number of health examinations during 2011-2018 increased from 0.344 billion in 2011 to 0.452 billion in 2016, with a compound annual growth rate of 4.66%.
III. China’s health examination market will be further enlarged as compared with foreign countries.
Overall, the total number of health examinations in 2016 was only 0.452 billion, accounting for 32.68% of the total population. According to relevant data, the health examination rates in the United States, Japan and Germany have reached 73.4%, 74.2% and 96.9% respectively, which means the health examination coverage in our country is still very low, and that there is still a long way to go. Therefore, as China’s urbanization rate continues to improve, the demand for health examination will be further improved, and the health examination market will be further enlarged.
IV. The policy encourages and supports the development of the health examination industry.
V. The scale of the health examination market is in rapid growth.
Since 2002, the domestic health examination industry has developed continuously and the industry supervision has been improved encouraged by national policies. After the Temporary Provisions on Health Examination Management was enforced on September 1, 2009, the domestic health examination market has been gradually standardized. In 2016, the capacity of the health examination market in China had exceeded CNY 120 billion, and the market capacity CAGR is estimated to be around 20% in 2017-2020. By 2020, it will reach up to CNY 200 billion, and the share of the professional health examination market will increase year by year.
VI. Health examination will be oriented by chain expansion and health management.
I. China’s health examination market is rising sharply
II. Demand drives the scale growth of the health examination market
In terms of per capita health care expenditure, it increased from CNY 25.70 in 1990 to CNY 1630.8 in 2016 among urban residents, with a compound annual growth rate of 17.31%, and it increased from CNY 19.00 in 1990 to CNY 929.2 in 2016 among rural residents, with a compound annual growth rate of 16.14%. In terms of the number of patients in China, it has continued to increase in recent years. The total number of patients increased from 6.271 billion in 2011 to 7.932 billion in 2016, with a compound annual growth rate of 4%. The total number of health examinations during 2011-2018 increased from 0.344 billion in 2011 to 0.452 billion in 2016, with a compound annual growth rate of 4.66%.
III. China’s health examination market will be further enlarged as compared with foreign countries.
Overall, the total number of health examinations in 2016 was only 0.452 billion, accounting for 32.68% of the total population. According to relevant data, the health examination rates in the United States, Japan and Germany have reached 73.4%, 74.2% and 96.9% respectively, which means the health examination coverage in our country is still very low, and that there is still a long way to go. Therefore, as China’s urbanization rate continues to improve, the demand for health examination will be further improved, and the health examination market will be further enlarged.
IV. The policy encourages and supports the development of the health examination industry.
V. The scale of the health examination market is in rapid growth.
Since 2002, the domestic health examination industry has developed continuously and the industry supervision has been improved encouraged by national policies. After the Temporary Provisions on Health Examination Management was enforced on September 1, 2009, the domestic health examination market has been gradually standardized. In 2016, the capacity of the health examination market in China had exceeded CNY 120 billion, and the market capacity CAGR is estimated to be around 20% in 2017-2020. By 2020, it will reach up to CNY 200 billion, and the share of the professional health examination market will increase year by year.
VI. Health examination will be oriented by chain expansion and health management.