- Elective Surgeries
- Prescription Drugs
- Office-Based Procedures
- Hospital Stays
- Dental
- Others
US Out Of Pocket Healthcare Expenditure Market size was valued at USD x billion in 2022 and is poised to grow at a CAGR of x% from 2023-2029. The owing to the expansion of health insurance coverage. This report studies U.S. out-of-pocket healthcare expenditure dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. Healthcare consumers in U.S. are spending their major chunk of out-of-pocket healthcare expenditure on pharmaceuticals as co-pays and dental services as physician fees and elective surgeries. For instance in 2015, according to U.S. Centers for Medicare & Medicaid Services, Out-of-pocket spending for dental services (which accounted for 40 percent of dental spending) increased 1.8 percent in 2015 after increasing 0.8 percent in 2014. The spending on prescription drugs is mainly attributed to an increase in spending on new medicines & generics and growth in prices of existing brands.
The increasing out-of-pocket healthcare expenditure has created the ample growth opportunities for healthcare service providers in the country. For instance, in 2015, Out-of-pocket spending grew 2.6% to $338.1 Bn, slightly faster than the growth of 1.4% in 2014. Consumers with better healthcare plans and higher premiums continue to receive quality healthcare services and people with less comprehensive plans do not receive the same. Consumers often pay healthcare expenses through cash or check, credit cards, flexible spending accounts, health savings accounts, healthcare financing programs, loans and lines of credit. Moreover, cash or check, credit cards are common means of paying healthcare expenditure in U.S.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.