The annual price of medical care in the U.S. decreased by one percent in the past 12 months which ended in August 2023, a significant decrease from the previous year. Over the provided time interval, medical care costs increased at an average inflation rate of 3.5 percent. This statistic shows the annual inflation rate of medical care prices in the U.S. from 2000 to 2023.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Medical Care Services in U.S. City Average (CUUR0000SAM2) from Mar 1935 to Jul 2025 about medical, urban, consumer, CPI, services, inflation, price index, indexes, price, and USA.

In the United States, the annual price of health insurance declined by 33.6 percent in the last 12 months which ended in August 2023 after rising by 24.3 percent in the previous year. Over the provided time interval, health insurance prices increased at an average inflation rate of approximately five percent. This statistic shows the annual inflation rate of health insurance prices in the U.S. from 2007 to 2023.

In June 2023, the cost of inpatient hospital services in the United States had increased by 3.7 percent in comparison to June 2022. On the other hand, health insurance costs had decreased by roughly 25 percent compared to the previous year. This statistic shows the current inflation rate of medical care price in the U.S. in June 2023, by category.

The inflation rate in the health sector of the United Kingdom was ****percent in the second quarter of 2025, which was above the overall inflation rate for that quarter.

Graph and download economic data for Producer Price Index by Industry: Home Health Care Services: Primary Services (PCU621610621610P) from Dec 1996 to Jul 2025 about healthcare, primary, health, services, housing, PPI, industry, inflation, price index, indexes, price, and USA.

The inflation rate for health in the European Union was 3.8 percent in January 2025, representing a decline from its peak of 5 percent in August 2023. During January, the inflation rate for the EU economy as a whole was 2.8 percent.

View monthly updates and historical trends for Canada Health Care Consumer Price Index. Source: Statistics Canada. Track economic data with YCharts analyt…

These are graphical summaries comparing price change against inflation over the cumulative period from 2017 to 2020. We took the 2017 prices for all the drug formulations, calculated based on inflation what the price would be (using both the general inflation rate and healthcare inflation rate) and plotted the actual prices on the same graph. We performed this for both the copay prices and the AWP, using inflation data based off the US Bureau of Labor Statistics to perform our calculations.

The inflation rate for health in the Republic of Ireland in June 2025 was 2.7 percent, up from 2.8 percent in the previous month.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Hospital and Related Services in U.S. City Average (CUSR0000SEMD) from Jan 1978 to Jul 2025 about hospitals, urban, consumer, CPI, services, inflation, price index, indexes, price, and USA.

Health and Medical Insurance Market Outlook

The global health and medical insurance market size was valued at approximately $2.8 trillion in 2023 and is projected to reach around $4.5 trillion by 2032, growing at a compound annual growth rate (CAGR) of 5.4% during the forecast period. This robust growth can be attributed to a combination of factors, including rising healthcare costs, increasing awareness about the importance of health insurance, and an aging global population. The market's expansion is further supported by technological advancements that streamline the insurance process and enhance customer experience.

One of the primary growth drivers in this market is the escalating cost of healthcare services worldwide. Medical inflation is outpacing general inflation, leading to higher out-of-pocket expenses for individuals. This has created a significant demand for health and medical insurance as a financial safety net. Furthermore, advancements in medical technology and the introduction of new treatment methods are contributing to higher healthcare costs, which in turn boosts the demand for insurance coverage. Governments and private entities are increasingly collaborating to make health insurance more accessible and affordable, thus driving market growth.

Another crucial factor contributing to the market's growth is the increasing awareness and understanding of health insurance benefits among the global population. With the proliferation of information through digital media and government initiatives, more people are becoming aware of the financial and health security that insurance provides. Educational campaigns and policy reforms are playing a pivotal role in educating the masses about the necessity of health insurance, thereby leading to higher enrollment rates. Additionally, employers are also recognizing the importance of offering health benefits to their employees, which further adds to the market's growth.

The aging global population is another significant driver for the health and medical insurance market. As the population ages, the prevalence of chronic diseases and the need for long-term care increase. Older adults are more likely to require frequent medical attention, making health insurance a crucial component of their financial planning. This demographic shift is particularly pronounced in developed countries, but emerging markets are also beginning to experience similar trends. Consequently, insurance providers are developing specialized products to cater to the needs of an aging population, thereby expanding their customer base.

Regionally, the market growth is expected to vary significantly. North America currently dominates the market, thanks to high healthcare costs, comprehensive insurance plans, and government mandates like the Affordable Care Act. However, the Asia Pacific region is anticipated to witness the highest growth rate during the forecast period. This can be attributed to improving economic conditions, increased healthcare spending, and growing awareness about health insurance. Countries like China and India are implementing extensive healthcare reforms, making insurance more accessible to their vast populations. Europe and Latin America are also expected to show steady growth, supported by government initiatives and increasing private sector participation.

Type Analysis

The health and medical insurance market can be segmented by type into individual health insurance, family health insurance, critical illness insurance, and others. Individual health insurance plans are designed to cover a single person, offering customized coverage based on personal health needs. This segment is experiencing significant growth due to the increasing number of self-employed individuals and freelancers who require personal health coverage. Additionally, the rise in single-person households is contributing to the demand for individual health insurance plans.

Family health insurance plans cover the entire family under a single policy. These plans are becoming increasingly popular as they offer comprehensive coverage for all family members, often at a lower cost compared to purchasing individual policies for each member. The convenience and cost-effectiveness of family health insurance plans are driving their adoption, especially among young families who are looking to secure their health future. Moreover, insurers are offering flexible plans that can be tailored to meet the specific health needs of families, further boosting this segment.

Critical illness insurance is another vital segment

In 2020, the inflation rate of the healthcare sector in Indonesia was at approximately **** percent, a decrease in comparison to the previous year. The inflation rate of the healthcare sector in the country was the highest in 2014, at **** percent.

In the second quarter of 2025, the Consumer Price Index for health products and services in the United Kingdom was 139.4, indicating that, compared with 2015, prices in this sector have increased by 39.4 percent, compared with 38.5 percent for overall prices.

Graph and download economic data for Research Consumer Price Index: Medical Care (CPIEMEDCARE) from Dec 1982 to Jul 2025 about 62 and older, consumer prices, medical, consumer, CPI, inflation, price index, indexes, price, and USA.

In 2024, the inflation rate of the healthcare sector in Latvia was * percent. The highest change in the consumer price index (CPI) for the healthcare sector was recorded in 2023 at *** percent.

In financial year 2022, the cost of healthcare goods and services, also known as medical inflation, reached approximately **** percent in India. This figure was significantly higher than the general inflation rate in the country. In fiscal year 2023, medical inflation is forecasted to decrease to **** percent.

CN: Consumer Price Index: Healthcare & Medical Service: Anhui: Wuhu data was reported at 100.300 Prev Year=100 in 2024. This records a decrease from the previous number of 102.300 Prev Year=100 for 2020. CN: Consumer Price Index: Healthcare & Medical Service: Anhui: Wuhu data is updated yearly, averaging 102.300 Prev Year=100 from Dec 2016 (Median) to 2024, with 6 observations. The data reached an all-time high of 107.200 Prev Year=100 in 2017 and a record low of 100.300 Prev Year=100 in 2024. CN: Consumer Price Index: Healthcare & Medical Service: Anhui: Wuhu data remains active status in CEIC and is reported by Wuhu Municipal Bureau of Statistics. The data is categorized under China Premium Database’s Inflation – Table CN.IAC: Consumer Price Index: Prefecture Level City: Healthcare & Medical Service.

Graph and download economic data for Producer Price Index by Commodity: Health Care Services: Hospital Inpatient Care (WPU512101) from Dec 2008 to Jul 2025 about hospitals, healthcare, health, services, commodities, PPI, inflation, price index, indexes, price, and USA.

CN: Consumer Price Index: Healthcare & Medical Service: Guangxi: Baise data was reported at 103.100 Prev Year=100 in 2024. This records an increase from the previous number of 97.800 Prev Year=100 for 2023. CN: Consumer Price Index: Healthcare & Medical Service: Guangxi: Baise data is updated yearly, averaging 103.035 Prev Year=100 from Dec 2016 (Median) to 2024, with 9 observations. The data reached an all-time high of 111.433 Prev Year=100 in 2017 and a record low of 97.800 Prev Year=100 in 2023. CN: Consumer Price Index: Healthcare & Medical Service: Guangxi: Baise data remains active status in CEIC and is reported by Baise Municipal Bureau of Statistics. The data is categorized under China Premium Database’s Inflation – Table CN.IAC: Consumer Price Index: Prefecture Level City: Healthcare & Medical Service.