Forecast: Out-of-Pocket Health Expenditure in China

In 2023, out-of-pocket health expenditure in China stood at 32.45% of total current health expenditure. From the forecasted data, this percentage is expected to decline consistently over the next five years. Specifically, the values are projected to drop to 31.54% in 2024, 30.64% in 2025, 29.75% in 2026, 28.87% in 2027, and 28.02% in 2028. This indicates a steady annual decrease.

Year-on-year variations show a decreasing trend:

• 2024: -2.80%
• 2025: -2.85%
• 2026: -2.90%
• 2027: -2.96%
• 2028: -2.94%

The Compound Annual Growth Rate (CAGR) for the forecasted period of 2024-2028 is approximately -2.89%, indicating a consistent year-over-year reduction in out-of-pocket health expenditure as a percentage of total current health expenditure.

Future trends to watch for include the impact of government policies aimed at reducing the financial burden of healthcare on individuals and the potential effects of healthcare technologies and innovations, which could further influence out-of-pocket spending in China.