From 2013 to 2023, the US health expenditure as a unit of GDP has shown an upward trend, with values rising from 16.9 to 18.43. The year-on-year growth rate has slightly declined from 0.7% in 2013 to 0.71% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years, from 2018 to 2023, averaged at 0.75% annually.
From 2024 onwards, values are projected to continue increasing, with a forecasted level of 19.04 by 2028. The forecasted 5-year CAGR is expected to moderate to 0.52%, with an overall forecast growth of 2.62% over this period.
Future trends to watch for include:
- Technological advances in healthcare and their impact on cost efficiency.
- Policy changes affecting healthcare funding and expenditure.
- Shifts in population demographics influencing healthcare demand.
- Impact of economic factors such as inflation on healthcare spending.
