Forecast: Per Capita Expenditure of Urban Households, Health Care and Medical Services in China

In 2023, the per capita expenditure of urban households on health care and medical services in China stood at 2.63 thousand Yuans Renminbi. The forecast for 2024 indicates an increase to 2.72, marking a year-on-year growth of approximately 3.4%. From 2025 to 2026, this expenditure is expected to rise from 2.82 to 2.91, with a year-on-year growth rate of around 3.2%. By 2027 and 2028, projections show further increases to 2.99 and 3.07, respectively. The compound annual growth rate (CAGR) for 2024-2028 is estimated at approximately 3.2%.

Future trends to watch for include:

• Impact of government policies aimed at expanding healthcare access and affordability.
• Technological advancements in medical services offering potential cost efficiencies.
• Urbanization trends influencing healthcare demand and expenditure patterns.