by Corinne Gangloff
July 10, 2019
Cleveland, OH, July 10, 2019 — Global healthcare expenditures are projected to rise 3.7% annually in real (inflation-adjusted) US dollars through 2023, according to Global Healthcare, a report recently released by Freedonia Focus Reports. Spending will be driven by increasing access to a myriad of healthcare services in low and middle income countries and population growth, particularly in the cohort 65 years of age and older. In 2023, the Asia/Pacific region is projected to become the largest user of healthcare products and services, surpassing North America.
Developing economies will post the strongest growth in healthcare expenditures through 2023. Health expenditures in the Asia/Pacific region, for example, are forecast to increase nearly 6.0% per year, while gains in the Africa/Mideast region are projected to register at 4.3% per annum. Rising incomes in many of these countries will support advances in health expenditures.
These and other key insights are featured in Global Healthcare. This report forecasts to 2023 the following measures related to global healthcare:
Healthcare expenditures are measured in real (inflation-adjusted) US dollars.
Forecasts are also provided by region in terms of:
In addition, for the three main regions, total and per capita healthcare expenditures and other relevant measures are forecast for the largest economies within that region.
To illustrate historical trends, global, region, and major country indicators are provided for 2008, 2013, and 2018.
More information about the report is available at:
https://www.freedoniafocusreports.com/Global-Healthcare-FW40017/?progid=91541
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