UK healthcare expenditure on hospitals has seen significant fluctuations from 2013 to 2023. By 2023, expenditure stood at 106.47 billion Euros. Significant variations were observed: a sharp increase of 16.46% in 2015, followed by a decrease of 8.04% in 2016. Since 2018, the trend steadied with modest year-on-year changes, maintaining growth around 1% annually.
The five-year CAGR before 2023 was 1.52%, indicating stable but slow growth in expenditure. Forecasts from 2024 to 2028 predict a subdued growth rate with a 5-year CAGR of 0.72%, projecting a value of 111.4 billion Euros by 2028.
Future trends to watch for include: the impact of healthcare policies post-Brexit, advancements in medical technologies and their cost implications, and ongoing responses to the COVID-19 pandemic influencing hospital funding priorities.
