In 2023, the actual Domestic Private Health Expenditure in India stood at 45.56 US Dollars Per Capita. For 2024, the forecasted value is 46.32, indicating a year-on-year increase of 1.67%. Looking ahead, the expenditure is predicted to grow each year, reaching 48.52 by 2027. From 2025 to 2026, the forecasted year-on-year increase is approximately 1.55%, followed by an increase of 1.50% from 2026 to 2027. Over the five-year period from 2023 to 2027, the Compound Annual Growth Rate (CAGR) averages to about 1.64% annually.
Future trends to watch for include the impact of increasing healthcare demand driven by the aging population, advancements in medical technology, and government initiatives aimed at boosting private sector investments in the healthcare industry. Monitoring policy changes, economic conditions, and the overall health infrastructure will be essential to understanding the trajectory of private health expenditure in India.