In 2023, out-of-pocket health expenditure in Singapore stood at 26.45% of the total current health expenditure. Forecasted data show a consistent decline over the next five years: 25.57% in 2024, 24.65% in 2025, 23.76% in 2026, 22.91% in 2027, and 22.09% in 2028.

The year-on-year percentage decrease shows a steady trend of reduction:

2024 vs. 2023: -3.3%
2025 vs. 2024: -3.6%
2026 vs. 2025: -3.6%
2027 vs. 2026: -3.6%
2028 vs. 2027: -3.6%

The Compound Annual Growth Rate (CAGR) over the five-year period (2024-2028) indicates an average annual decrease of approximately 3.5% in out-of-pocket expenditure.

Future Trends to Watch For:

Government policy shifts toward greater public healthcare funding or subsidies.
Demographic changes, particularly the aging population, which may impact healthcare needs and expenditure patterns.
Technological advancements in medical treatments and their integration within public healthcare plans.