From 2013 to 2023, household expenditure on hospital services in Mexico has shown a consistent upward trend. In 2023, the expenditure reached 130.43 billion Mexican Pesos, marking a significant year-on-year increase of 10.45% and an impressive 5-year CAGR of 9.82%. Historical data shows gradual increments in the earlier years, followed by a substantial increase in 2020 and 2021, driven perhaps by the COVID-19 pandemic. While 2021 recorded a notable year-on-year variation of 19.97%, the growth rate settled to a more stable figure of 1.67% in 2022.
Looking ahead, from 2024 onwards, the forecast indicates that household expenditure on hospital services will continue to increase, reaching 179.92 billion Mexican Pesos by 2028. This suggests a forecasted 5-year CAGR of 5.07%, reflecting a predicted steady growth rate of 28.03% over the next five years. Future trends to watch for include the impact of healthcare reforms, technological advancements in medical services, and changes in demographic factors such as an aging population, which may influence expenditure patterns.
