Forecast: External Health Expenditure in Malaysia

In 2023, Malaysia's external health expenditure stood at a certain baseline which formed the basis for forecasting future trends. The forecasted data from 2024 to 2028 indicates a gradual year-on-year increase in external health expenditure. From 2024 to 2025, the expenditure is expected to rise by approximately 3.57%, followed by a 3.45% increase from 2025 to 2026. Moving to 2026, the percentage increase is forecasted to be around 3.33% leading to 2027, and a 3.23% increase from 2027 to 2028. Over the five years from 2024 to 2028, the compounded annual growth rate (CAGR) is estimated to be around 3.4%, reflecting a consistent upward trend.

Future trends to watch for include potential shifts in government policy towards healthcare funding, economic conditions impacting external expenditures, and advancements in medical technology that could influence cost structures.