Forecast: Out-of-Pocket Health Expenditure in India

In 2023, the out-of-pocket health expenditure in India stood at 60.76. Forecasting indicates a gradual decline from 2024 to 2028, with values decreasing from 60.13 to 59.1. This represents a steady reduction of approximately 0.5% per year. Over the last two years, the declines maintained a similar pace. The compound annual growth rate (CAGR) over five years reflects a gentle decrease in out-of-pocket expenditures.

Future trends to watch for:

• Government policies aimed at reducing out-of-pocket costs could accelerate this downward trend.
• Increasing insurance penetration and public health initiatives may further mitigate personal expenditures.