From 2013 to 2023, the share of private health expenditure in China has showcased a consistent declining trend. In 2013, the value stood at 44.19 and decreased year-on-year to reach 37.33 in 2023. The annual year-on-year variation ranged from slight increases to decreases of around 1.76% in the recent years. The Compound Annual Growth Rate (CAGR) over the last five years until 2023 was -1.76%. Forecast data from 2024 to 2028 continues to show this downward trend, with the share expected to decrease to 33.86 by 2028, reflecting a forecast 5-year CAGR of -1.54% and an overall forecast 5-year growth rate of -7.48%.

Future trends to watch for:

Shifts in government health policies that might impact the dynamics of public versus private expenditure.
Technological advancements in healthcare which may influence both private and public spending.
Economic fluctuations and their potential effects on private health expenditure resilience or vulnerability.