Forecast: Value Added of Human Health Services in the US

The value added of Human Health Services in the US has shown a steady increase from 2013 to 2023, reaching 1.4169 trillion US dollars in 2023. The year-on-year variation has generally fluctuated around 2-5%, reflecting consistent growth. Specifically, the last two years exhibited growth rates of 2.49% in 2022 and 2.38% in 2023. Over the past five years, the compound annual growth rate (CAGR) is 2.83%, indicating sustained albeit modest growth.

Forecasting to 2028, the value is expected to reach 1.5719 trillion US dollars, with a forecasted five-year CAGR of 1.64% and an overall growth rate of 8.47%. This indicates a deceleration in growth compared to previous years.

Future trends to watch for:

• Potential impacts of healthcare policy changes.
• Advances in medical technology and their adoption rates.
• An aging population driving demand for health services.
• Potential economic pressures that may influence healthcare funding and expenditure.