Domestic Private Health Expenditure in Singapore is projected to rise steadily from 2024 to 2028. It is expected to grow from 1.96 thousand USD per capita in 2024 to 2.23 thousand USD per capita in 2028, signifying a consistent upward trend. The year-on-year variation reveals an annual increase of approximately 3.57% for 2025, 3.45% for 2026, 2.86% for 2027, and 3.24% for 2028.
In 2023, the domestic private health expenditure stood at 1.89 thousand USD per capita. Comparing the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is about 3.53%, reflecting a stable growth momentum.
Future trends to watch for include the impact of new healthcare policies, advancements in medical technology, and demographic shifts including an aging population, which could drive further increases in private health expenditures.
