Analysis of China's Total Health Expenditures reveals a consistent growth from 2013 to 2023, where it stood at 5.42% of GDP. The year-on-year variation peaked in 2013 at 3.76%, with a steady decline to 1.01% in 2023. The Compound Annual Growth Rate (CAGR) decreased from 4.06% in 2013 to 1.02% over the last five years. The forecasted CAGR for 2024-2028 is 0.73%, indicating a slowdown in growth to a forecasted 5.67% by 2028.
Future trends to watch for include:
- Potential policy changes in health funding.
- Impact of demographic shifts such as aging population.
- Technological advancements in healthcare delivery.
