Analysis of Local Private Health Expenditure in China indicates a declining trend from 2013 to 2015, followed by a general upward trend, with a few fluctuations. The year-on-year growth varied significantly, from a decline of 4.2% in 2015 to a rise of 5.24% in 2016. The Compound Annual Growth Rate (CAGR) over the past five years was 2.02% in 2023 while the forecasted five-year CAGR is 0.84% leading to a forecasted value of 50.96 Units by 2028. The figures stood at 48.15 Units in 2023.
Future trends to watch for:
- Effects of an aging population on healthcare spending
- Impact of technology and innovation in healthcare
- Possible economic factors influencing household spending on health
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