The largest proportion of household expenditure on healthcare goods and services in Mexico is allocated towards medication, accounting for more than 44 percent of the total as of 2023. This is as much as all three following categories added together. Hospital services and medical visits account for around 15 percent each, while support goods such as soap, disinfectant, and toothpaste make up approximately 11.4 percent of the total. The cost of medication Mexico ranks second among seven Latin American economies in terms of medicine prices, with an average cost of 32.8 U.S. dollars per medication in 2024. In comparison, the average price in Peru was 9.9 U.S. dollars. Cardiovascular medicines such as those for hypertension and heart disease were particularly expensive, averaging 46.9 U.S. dollars per unit. Additionally, medication for respiratory diseases, mental and behavioral disorders, and those targeting the musculoeskeletal system were also among the costliest, with averages ranging from 28 to 40 U.S. dollars. Healthcare expenditure Mexico's overall healthcare spending as a percentage of GDP remains relatively low. In 2023, healthcare expenditure represented an estimated 5.7 percent of the country's GDP, a decrease from previous years. This figure is significantly lower than that of other OECD countries, with the United States allocating approximately 16.5 percent of its GDP to health care during that year. Within Latin America, Mexico has one of the lowest healthcare expenditures as a share of its GDP.

United States US: Proportion of Population Spending More Than 25% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data was reported at 0.781 % in 2013. This records a decrease from the previous number of 0.856 % for 2012. United States US: Proportion of Population Spending More Than 25% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data is updated yearly, averaging 0.880 % from Dec 1995 (Median) to 2013, with 18 observations. The data reached an all-time high of 1.078 % in 2000 and a record low of 0.724 % in 2008. United States US: Proportion of Population Spending More Than 25% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Poverty. Proportion of population spending more than 25% of household consumption or income on out-of-pocket health care expenditure, expressed as a percentage of a total population of a country; ; Wagstaff et al. Progress on catastrophic health spending: results for 133 countries. A retrospective observational study, Lancet Global Health 2017.; Weighted Average;

In 2022, the largest share of healthcare-related expenditure went to health enhancement services such as fitness training and spas in India. This was followed by medicines, which accounted for over 42 percent of spending on healthcare. Hospitalization on the other hand accounted for 1.4 percent share of total household expenditure on healthcare.

European Healthcare Expenditure on Inpatient Long Term Care (Health) by Household Out-of-Pocket Payment Share by Country (Million Euros), 2023 Discover more data with ReportLinker!

European Healthcare Expenditure on Households as Providers of Home Health Care Share by Country (Million Euros), 2023 Discover more data with ReportLinker!

As of June 2022, 14 percent of Americans surveyed reported delaying or avoiding dental care services in the last 12 months in order to afford other household expenses. Furthermore, 13 percent of respondents said they had avoided going to the doctor to pay household expenses instead. This graph shows the share of U.S. adults who cut back on selected healthcare services in the past year to pay for other household expenses in 2022.

In the United States, average employee premium contributions and deductibles as a percentage of median household income have risen in the past decade. In 2020, an employee’s total potential out-of-pocket medical costs (premium and deductible) amounted to 11.6 percent of median income. This included 6.9 percent in employee premium contributions and 4.7 percent in deductibles. However, states varied greatly in median income spent on premiums and deductibles, with workers in Mississippi having to spend on average 19 percent of their income on potential out-of-pocket medical costs.

Employer sponsored health insurance In 2020, over half of the U.S. population has some type of employment-based health insurance coverage. The Affordable Care Act penalizes large employers (with 50 or more full-time employees), if they do not provide health insurance to their employees. Nevertheless, of the uninsured aged under 65 years, the large majority worked either full or part-time (or someone in their household did).

Out-of-pocket medical costs Despite having insurance coverage, most plans have a deductible, the amount an insured must pay themselves that year before their insurance starts covering for them. The average annual deductible for single coverage amounted to roughly 1,700 U.S. dollars in 2021. Even after reaching their deductible, most insured have other forms of out-of-pocket health costs in the form of co-payments and co-insurance for health services or prescription drugs.

European Household Expenditure on Health Services Share by Country (Million Euros), 2023 Discover more data with ReportLinker!

Since the 1980s, Portugal has been progressively allocating more of its gross domestic product (GDP) to health services. The total expenditure on the health sector amounted to 10 percent of the GDP in 2023. This was a decrease from the previous year and from 2021, when the share of GDP spent on health in Portugal was the highest, at 11.1 percent. Public health and household expenditures in Portugal Even though Portugal invested less of its GDP on healthcare in 2022, this year had the highest overall expenditure on the sector. In total, the country spent 25.4 billion euros on health. Except for 2012 and 2013, healthcare provider expenditure has continuously increased in Portugal. Similarly, the spending per capita has risen every year and amounted to 2,474 euros in 2022. The health expenses of households have followed the same trend, excluding in 2020, when spending decreased. In 2022, families used almost 7.3 billion euros on health expenses. Health infrastructure and workforce in Portugal The Portuguese healthcare system counted with 243 hospitals in 2022, 183 of which were dedicated to general medicine. In terms of specialized hospitals, psychiatry had the highest number of medical practices, namely 23, followed by clinics for the rehabilitation of drug addicts. Portugal’s volume of physicians surpassed 25,000 in the same year, with the northern region having the highest number of medical doctors. The over 9,200 physicians in the north of the country were accompanied by almost 7,000 in Greater Lisbon.

According to a survey conducted in June 2022, 24 percent of Hispanic adults and 23 percent of Black adults in the U.S. reported cutting back on health care services or medicines to pay for other household expenses in the last 12 months. This graph shows the share of U.S. adults who cut back on healthcare costs to pay for other household expenses in 2022, by ethnicity.

In 2019, Nigerian households spent on average 6.1 percent of their total annual expenditure on health. This share was lower in urban areas than in rural areas, where the expenditure peaked at 7.3 percent. Data on health insurance coverage show that only 1.4 percent of people living in rural areas had a health insurance. Overall, insurance coverage in Nigeria is very low. In particular, among individuals without education the coverage was below one percent.

Trinidad and Tobago TT: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data was reported at 3.876 % in 2014. This records an increase from the previous number of 2.583 % for 2005. Trinidad and Tobago TT: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data is updated yearly, averaging 3.229 % from Dec 2005 (Median) to 2014, with 2 observations. The data reached an all-time high of 3.876 % in 2014 and a record low of 2.583 % in 2005. Trinidad and Tobago TT: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Trinidad and Tobago – Table TT.World Bank.WDI: Poverty. Proportion of population spending more than 10% of household consumption or income on out-of-pocket health care expenditure.; ; World Health Organization and World Bank. 2019. Global Monitoring Report on Financial Protection in Health 2019.; Weighted average;

Brazil BR: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data was reported at 11.810 % in 2017. This records a decrease from the previous number of 15.070 % for 2008. Brazil BR: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data is updated yearly, averaging 13.180 % from Dec 1996 (Median) to 2017, with 3 observations. The data reached an all-time high of 15.070 % in 2008 and a record low of 11.810 % in 2017. Brazil BR: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Brazil – Table BR.World Bank.WDI: Social: Poverty and Inequality. Proportion of population spending more than 10% of household consumption or income on out-of-pocket health care expenditure. Out-of-pocket health expenditure is defined as any spending incurred by a household when any member uses a health good or service to receive any type of care (preventive, curative, rehabilitative, long-term or palliative care); provided by any type of provider; for any type of disease, illness or health condition; in any type of setting (outpatient, inpatient, at home).;Global Health Observatory. Geneva: World Health Organization; 2023. (https://www.who.int/data/gho/data/themes/topics/financial-protection);Weighted average;This is the Sustainable Development Goal indicator 3.8.2[https://unstats.un.org/sdgs/metadata/].

Saudi Arabia SA: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data was reported at 1.310 % in 2018. This records a decrease from the previous number of 1.730 % for 2013. Saudi Arabia SA: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data is updated yearly, averaging 1.520 % from Dec 2013 (Median) to 2018, with 2 observations. The data reached an all-time high of 1.730 % in 2013 and a record low of 1.310 % in 2018. Saudi Arabia SA: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Saudi Arabia – Table SA.World Bank.WDI: Social: Poverty and Inequality. Proportion of population spending more than 10% of household consumption or income on out-of-pocket health care expenditure. Out-of-pocket health expenditure is defined as any spending incurred by a household when any member uses a health good or service to receive any type of care (preventive, curative, rehabilitative, long-term or palliative care); provided by any type of provider; for any type of disease, illness or health condition; in any type of setting (outpatient, inpatient, at home).;Global Health Observatory. Geneva: World Health Organization; 2023. (https://www.who.int/data/gho/data/themes/topics/financial-protection);Weighted average;This is the Sustainable Development Goal indicator 3.8.2[https://unstats.un.org/sdgs/metadata/].

According to Cognitive Market Research, the global Household Healthcare market size will be USD 251512.3 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share of more than 40% of the global revenue, with a market size of USD 100604.92 million in 2024. The market will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 75453.69 million.
Asia Pacific held a market share of around 23% of global revenue, with a market size of USD 57847.83 million in 2024, and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America's Market will have more than 5% of the global revenue with a market size of USD 12575.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
The Middle East and Africa held the major market share of around 2% of the global revenue, with a market size of USD 5030.25 million in 2024. The market will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
Cancer held the highest Household Healthcare market revenue share in 2024.

Market Dynamics of Household Healthcare Market

Key Drivers of Household Healthcare Market

Rising Disposable Income to Provide Viable Market Output

The rise in disposable income is creating a significant increase in global demand. With more disposable income at their disposal, individuals and families are increasingly inclined to invest in healthcare products and services to maintain and enhance their well-being. This trend encourages higher spending on health-related items such as medications, medical devices, wellness programs, and health insurance. Moreover, increased disposable income enables households to afford more expensive healthcare procedures and treatments, leading to higher demand for advanced medical technologies and specialized healthcare services. Overall, the growth in disposable income fosters greater accessibility and affordability of healthcare, driving expansion in the household healthcare market.

For instance, Apollo Homecare offers long-term plans for various diseases, such as ortho rehab, heart rehab, lung rehab, mother-and-baby care, and elderly care. It includes medical supervision and personalized healthcare services.

(Source: https://apollohomecare.com/)

Rising elderly population to Propel Market Growth.

The rise in the elderly population aims to provide growth in the Market. As people age, they often require more frequent and specialized medical attention, leading to increased demand for home healthcare products and services. This demographic shift has prompted innovations in medical technology, such as remote monitoring devices and wearable health trackers, to support aging individuals in managing their health at home. Additionally, the desire for independence and comfort among the elderly population further fuels the demand for household healthcare solutions, ranging from mobility aids to home care services, driving growth and investment in this sector.

For instance, according to the UN Department of Economic and Social Affairs, the number of people over 65 worldwide is expected to increase from 771 million in 2022 to 1.6 billion by 2050. Furthermore, it is projected that the number of individuals 80 years of age and above will triple by 2050 compared to the current figure of 143 million in 2019.

(Source: https://desapublications.un.org/file/989/download)

Restraint Factors Of Household Healthcare Market

High costs of products to Restrict Market Growth

The household healthcare market faces challenges due to the high cost of products. Affordability becomes a crucial issue for consumers, limiting their access to essential healthcare solutions within their homes. From medical devices to specialized equipment and even everyday healthcare products, the steep price tags deter many potential users from purchasing or accessing these items. The financial burden often outweighs the perceived benefits, leading to decreased adoption rates and utilization of household healthcare products. This barrier impedes the market's growth and hampers efforts to improve healthcare accessibility and convenience for individuals and families within their own homes.

Impact of COVID-19 on the Household Heal...

This dataset is the average of annual percentage increase of health care expenditure information by state of residence between 1991-2009. Total health spending includes all privately and publicly funded hospital care, physician services, nursing home care, and prescription drugs etc. by state of residence. This spending includes hospital spending and is the total net revenue that is calculated as gross charges less contractual adjustments, bad debts, and charity care.

Series Name: Proportion of population with large household expenditures on health (greater than 10percent) as a share of total household expenditure or income (percent)Series Code: SH_XPD_EARN10Release Version: 2020.Q2.G.03 This dataset is the part of the Global SDG Indicator Database compiled through the UN System in preparation for the Secretary-General's annual report on Progress towards the Sustainable Development Goals.Indicator 3.8.2: Proportion of population with large household expenditures on health as a share of total household expenditure or incomeTarget 3.8: Achieve universal health coverage, including financial risk protection, access to quality essential health-care services and access to safe, effective, quality and affordable essential medicines and vaccines for allGoal 3: Ensure healthy lives and promote well-being for all at all agesFor more information on the compilation methodology of this dataset, see https://unstats.un.org/sdgs/metadata/

Vietnam VN: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data was reported at 9.813 % in 2014. This records a decrease from the previous number of 11.531 % for 2012. Vietnam VN: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data is updated yearly, averaging 14.201 % from Dec 1992 (Median) to 2014, with 9 observations. The data reached an all-time high of 20.224 % in 1992 and a record low of 9.813 % in 2014. Vietnam VN: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Vietnam – Table VN.World Bank.WDI: Poverty. Proportion of population spending more than 10% of household consumption or income on out-of-pocket health care expenditure, expressed as a percentage of a total population of a country; ; Wagstaff et al. Progress on catastrophic health spending: results for 133 countries. A retrospective observational study, Lancet Global Health 2017.; Weighted average;

Mexico MX: Proportion of Population Spending More Than 25% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data was reported at 1.912 % in 2012. This records an increase from the previous number of 0.750 % for 2010. Mexico MX: Proportion of Population Spending More Than 25% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data is updated yearly, averaging 2.341 % from Dec 1984 (Median) to 2012, with 12 observations. The data reached an all-time high of 3.014 % in 1989 and a record low of 0.750 % in 2010. Mexico MX: Proportion of Population Spending More Than 25% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Poverty. Proportion of population spending more than 25% of household consumption or income on out-of-pocket health care expenditure, expressed as a percentage of a total population of a country; ; Wagstaff et al. Progress on catastrophic health spending: results for 133 countries. A retrospective observational study, Lancet Global Health 2017.; Weighted average;

As of 2022, 8.4 percent of general public budget expenditure of China's Shanxi province was spent on healthcare and family planning. Shanxi is a province located in China's middle region, next to Hebei, Shaanxi, Henan and Inner Mongolia.