The data on Turkey's private health expenditure from 2013 to 2023 shows a continual decline in expenditure, which stood at 18.4 units in 2023. Year-on-year variation has been negative from 2015, averaging a decrease of 1.92% annually until 2023. The five-year CAGR until 2023 is approximately -1.91%. Looking forward from 2024 to 2028, the downward trend is projected to continue, with a forecasted 5-year CAGR of -1.7%, leading to a total forecasted growth rate of -8.21% over this period.
Future trends to watch for include:
- Shifts in government policy towards health funding and subsidies.
- Changes in the economic environment influencing private expenditure capabilities.
- The implementation of new health technologies and their potential impacts on costs.
- Demographic changes, including aging population, which may alter health expenditure patterns.