In 2023, private health expenditure per capita in China was lower than 438.16 USD. From 2024 onwards, this indicator is forecasted to increase consistently each year. Year-on-year variations are expected to be around 9.79% in 2024, 9.78% in 2025, 8.88% in 2026, 8.1% in 2027, and 7.46% in 2028. Over this five-year forecast period, the Compound Annual Growth Rate (CAGR) shows an overall average annual increase of approximately 8.8%.
Future trends to watch for:
- Rising healthcare demand driven by an aging population.
- Increasing prevalence of chronic diseases necessitating private healthcare services.
- Potential government policies influencing private healthcare expenditure.
- Continued growth of middle-class consumers preferring higher-quality private healthcare services.
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