Based on the provided data, South Korea’s out-of-pocket health expenditures are forecasted to decline steadily from 2024 to 2028. Starting at 25.55% of total health expenditure in 2024, the figure is predicted to decrease to 22.04% by 2028. The year-on-year variation shows a consistent downward trend, with yearly reductions averaging around 3.5% to 4%. The Compound Annual Growth Rate (CAGR) over the forecast period also points towards a significant decline in out-of-pocket spending.
Future trends to watch for include the impact of policy changes aimed at improving healthcare accessibility and affordability, which may further reduce out-of-pocket expenses. Additionally, advancements in medical technology and telehealth services might play a crucial role in driving this downward trend.
