Forecast: Private health expenditure per capita in Canada

In 2023, Canada's private health expenditure per capita stood at 1.85 thousand USD. The forecast data from 2024 to 2028 shows a gradual increase: 1.9 thousand USD in 2024 to 2.09 thousand USD in 2028. Year-on-year growth is moderate, consistently around 2% to 2.5%. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately 2.5%, indicating a steady but modest increase in private health expenditure per capita in Canada.

Future trends to watch for include:

• Impacts of inflation and healthcare policy changes on private expenditure.
• Technological advancements and their role in altering healthcare costs.
• Demographic shifts, including aging population effects on healthcare spending.