Forecast: Healthcare Expenditure on Medical Practices in the UK

The UK healthcare expenditure on medical practices experienced moderate fluctuations between 2013 and 2023, with a slight decline in 2014 followed by an upward trend. The value stood at 7.54 in 2023, reflecting a steady growth pattern. Notably, year-on-year variations exhibit modest increases, with the compound annual growth rate (CAGR) over the last five years remaining relatively low at approximately 0.32%.

The forecast for the next five years predicts a continued incremental rise in expenditure, with a 5-year CAGR of 0.24% and an overall growth rate of 1.19% by 2028, indicating persistent but slow growth.

Future trends to watch for include:

• Impact of technological advancements on healthcare costs and efficiency.
• Shifts in policy and funding priorities within the healthcare sector.
• Changes in demographic factors such as aging population affecting healthcare demand.