The out-of-pocket health expenditure in China has exhibited a consistent declining trend from 2013 to 2023. Over the past decade, year-on-year variation has predominantly been negative, with a few exceptions like 2016. From 2018 onwards, the year-on-year decrease stabilized close to the -2.8% range annually. By 2023, the value stood at 29.94 units of total current health expenditure. The -2.8% CAGR from 2018 to 2023 indicates a steady decline.
Looking forward, forecasts predict the downward trend will continue, with a projected CAGR of -2.64% over the next five years, leading to a 12.5% reduction by 2028.
Trends to watch for include the impact of government policies aimed at reducing health expenditures, the role of technological advancements in healthcare, and the socio-economic factors affecting health service affordability and accessibility.
