Forecast: Local Government Expenditures on Health in Japan

In 2023, local government expenditures on health in Japan stood at 102 billion US Dollars PPP. From 2024 to 2028, a steady increase is forecasted, with expenditures rising from 103.65 billion to 108.84 billion by 2028. The annual growth rate shows incremental increases around 1.2% to 1.6% year-on-year.

Over the last five years, from 2023 to 2028, the compound annual growth rate (CAGR) is expected to be approximately 1.5%, indicating a moderate but consistent upward trend in health spending by local governments.

Future trends to watch:

• Aging population pressure leading to higher health expenditures.
• Potential policy changes towards preventive healthcare to mitigate long-term costs.
• Increased adoption of technology in healthcare, influencing expenditure allocations.