India’s healthcare expenditure is expected to surge from 3.3 per cent to 5 per cent of the country’s GDP by 2030, according to a report by credit ratings company CareEdge out on Monday.
Currently, global healthcare spending stands at $10 trillion, about 10 per cent of the world’s GDP, with developed nations like the US, Germany, and Japan incurring relatively high per capita spending. In contrast, developing countries allocate a smaller portion of their GDP to healthcare. For example, India currently spends 3.3% of its GDP on healthcare (as of 2022), which is below the average of 5.1% for developing countries.
Higher public spending, along with increased private investments in the healthcare sector, insurance expansion, policy support, and demographic shifts, are driving a structural change.
Additionally, India's per capita healthcare expenditure is $80, significantly lower than the sample average of $354 for developing nations. This underinvestment has resulted in inadequate healthcare infrastructure and services, stated the report. However, constraints in rural healthcare infrastructure and the availability of a trained workforce remain critical challenges in expanding coverage.
Source- Deccan Herald
#EquitableHealthcare #HealthcareForAll #HealthPolicy #InclusiveGrowth #PublicHealthMatters #HealthEconomy #UniversalHealthcare #GDPGrowth #HealthcareReform
#HealthyNationWealthyNation
Currently, global healthcare spending stands at $10 trillion, about 10 per cent of the world’s GDP, with developed nations like the US, Germany, and Japan incurring relatively high per capita spending. In contrast, developing countries allocate a smaller portion of their GDP to healthcare. For example, India currently spends 3.3% of its GDP on healthcare (as of 2022), which is below the average of 5.1% for developing countries.
Higher public spending, along with increased private investments in the healthcare sector, insurance expansion, policy support, and demographic shifts, are driving a structural change.
Additionally, India's per capita healthcare expenditure is $80, significantly lower than the sample average of $354 for developing nations. This underinvestment has resulted in inadequate healthcare infrastructure and services, stated the report. However, constraints in rural healthcare infrastructure and the availability of a trained workforce remain critical challenges in expanding coverage.
Source- Deccan Herald
#EquitableHealthcare #HealthcareForAll #HealthPolicy #InclusiveGrowth #PublicHealthMatters #HealthEconomy #UniversalHealthcare #GDPGrowth #HealthcareReform
#HealthyNationWealthyNation
India’s healthcare expenditure is expected to surge from 3.3 per cent to 5 per cent of the country’s GDP by 2030, according to a report by credit ratings company CareEdge out on Monday.
Currently, global healthcare spending stands at $10 trillion, about 10 per cent of the world’s GDP, with developed nations like the US, Germany, and Japan incurring relatively high per capita spending. In contrast, developing countries allocate a smaller portion of their GDP to healthcare. For example, India currently spends 3.3% of its GDP on healthcare (as of 2022), which is below the average of 5.1% for developing countries.
Higher public spending, along with increased private investments in the healthcare sector, insurance expansion, policy support, and demographic shifts, are driving a structural change.
Additionally, India's per capita healthcare expenditure is $80, significantly lower than the sample average of $354 for developing nations. This underinvestment has resulted in inadequate healthcare infrastructure and services, stated the report. However, constraints in rural healthcare infrastructure and the availability of a trained workforce remain critical challenges in expanding coverage.
Source- Deccan Herald
#EquitableHealthcare #HealthcareForAll #HealthPolicy #InclusiveGrowth #PublicHealthMatters #HealthEconomy #UniversalHealthcare #GDPGrowth #HealthcareReform
#HealthyNationWealthyNation
