In 2023, China's health expenditure per capita was estimated to be slightly below 1.06 thousand USD PPP. Forecasts predict a steady increment, with values reaching 1.18 thousand USD PPP by 2028. Year-on-year growth rates from 2024 to 2028 range from approximately 2.83% to 2.75%, indicating a consistent uptrend. Over the five-year period (2024-2028), the Compound Annual Growth Rate (CAGR) is expected to be around 2.76%, reflecting stable economic planning for health expenditures.
Future trends to watch for:
- Increased government investment in healthcare infrastructures.
- Rising public and private healthcare services adoption.
- Potential impacts of emerging technologies on healthcare costs.
- Demographic shifts leading to higher healthcare demands.
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