In 2023, out-of-pocket health expenditures per capita in South Korea stood at 1.13 thousand US dollars. From 2024 to 2028, these expenditures are forecasted to steadily increase. Specifically, the year-on-year percentage variations are as follows: from 2024 to 2025, an increase of 3.42%; from 2025 to 2026, an increase of 2.48%; from 2026 to 2027, an increase of 2.42%; and from 2027 to 2028, an increase of 3.15%. The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 3.04%.
Future trends to watch for include potential policy changes in healthcare funding, demographic shifts such as an aging population, and advancements in medical technology which could influence out-of-pocket expenditures. Monitoring these factors will be crucial for stakeholders to adapt strategies accordingly.
Bullet points:- 2023: 1.13 thousand US dollars per capita- 2024: Forecast starts at 1.17 thousand US dollars per capita- 2025: Increase of 3.42%- 2026: Increase of 2.48%- 2027: Increase of 2.42%- 2028: Increase of 3.15%- CAGR (2023-2028): Approximately 3.04%
