Physical examination market moves into top gear as demand surges

China's physical examination market is expected to reach 465 billion yuan ($68.6 billion) by 2022, up 55.83 percent from the level in 2018, thanks to the public's growing healthcare awareness, the increasing morbidity of chronic diseases and the willingness of more employers to offer such services, said a recent report.

The report, released by Beijing-based market consultancy Analysys, forecasts that the country's physical examination market in 2018 could be 298.5 billion yuan, up 12.2 percent year-on-year. Physical examination visits also surged by 4.95 percent year-on-year to 526 million.

Statistics from the Ministry of Human Resources and Social Security showed that from 2012 to 2017, the country's healthcare insurance expenditure almost tripled, and the annual growth rate reached 21.07 percent, much higher than the GDP growth rate. Expenditure on healthcare insurance also showed a solid growth trend.