According to a survey conducted in the United States in March 2022, ** percent of respondents who identified themselves as black reported they were in debt due to their health care bills. While, on the other hand, ** percent of white respondents were in health care debt.

A survey from 2021 found that around 48 percent of Millennial respondents in the United States currently had medical debt, while a total of 66 percent had been in debt due to medical bills at some point. This statistic shows the percentage of U.S. adults with medical debt as of 2021, by generation.

In March 2022, among those with health care debt, ** percent reported that they had put off or postponed getting health care they needed, and nearly half the respondents did not get a medical test or treatment that was recommended by a doctor. This statistic illustrates the various health care debt-related barriers to accessing care encountered by adults in the U.S. in 2022.

As of June 2022, over ** percent of individuals who owed medical debt to a hospital reported that the hospital had a collection agency contact them about past-due medical debt. This statistic illustrates the share of measures hospitals took to recover past-due medical bills from adults in the U.S. in 2022.

Financial overview and grant giving statistics of Medical Debt Resolution Inc.

The Medical Debt Collection Service market plays a pivotal role in the healthcare industry, as it addresses the increasing challenge of unpaid medical bills that burden both providers and patients. With rising healthcare costs and evolving insurance landscapes, medical debt has become a significant concern for healt

According to a survey conducted in the U.S. in March 2022, ** percent of adults aged under 65 years, who were uninsured reported that they have health care debt, in comparison to ** percent of adults who had health insurance In general, black and hispanic adults, parents with children under **, and women were among the most likely to have medical debt.

In 2023, ** percent of people who had experienced medical debt in the U.S. mentioned that they experience anxiety or worry. A further ** percent stated that the financial burden forced them to cut spending on essentials like food, clothing, and other basics. Furthermore, ** percent said they used up all or part of their savings due to debt incurred due health or medical care.

In 2023, some ** percent of Americans with medical or dental debt reported that they paid some or all of their healthcare debt directly to their health care providers. This statistic depicts the share of sources Americans made payments to for healthcare debts in the U.S. in 2023.

Indonesia Corporate Sector: Financial Ratio: Healthcare: Solvability Ratio: Debt To Asset Ratio (Total Liabilities/Total Assets) data was reported at 0.351 Times in Dec 2024. This records a decrease from the previous number of 0.363 Times for Sep 2024. Indonesia Corporate Sector: Financial Ratio: Healthcare: Solvability Ratio: Debt To Asset Ratio (Total Liabilities/Total Assets) data is updated quarterly, averaging 0.342 Times from Jun 2021 (Median) to Dec 2024, with 15 observations. The data reached an all-time high of 0.369 Times in Jun 2024 and a record low of 0.322 Times in Dec 2021. Indonesia Corporate Sector: Financial Ratio: Healthcare: Solvability Ratio: Debt To Asset Ratio (Total Liabilities/Total Assets) data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Monetary – Table ID.KAI022: Financial System Statistics: Corporate Sector.

As of June 2022, over a quarter of adults with past-due medical bills in the United States owed ************* U.S. dollars or more in medical debt to hospitals. In contrast, **** percent of adults with past-due medical debt, owed ************ U.S. dollars or less to non-hospital providers. In general, Americans who had outstanding bills with hospitals were more likely to have a higher amount of medical debt compared to those who only had past-due medical debt from non-hospital providers.

As of March 2022, ** percent of people surveyed in the United States reported they currently have debts due to medical or dental bills that are overdue or that they are unable to pay. Overall, ** percent of Americans surveyed currently had some form of health care debt due to bills for their own medical care or someone else's care.

Key information about Sri Lanka Household Debt: % of GDP

• Sri Lanka household debt accounted for 6.5 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 6.5 % in the previous quarter.
• Sri Lanka household debt to GDP ratio is updated quarterly, available from Dec 2010 to Sep 2024.
• The data reached an all-time high of 10.4 % in Dec 2020 and a record low of 6.3 % in Dec 2014.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. The Central Bank of Sri Lanka provides Household Debt in local currency. The Department of Census and Statistics provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Consumer Durables, Pawning, Credit Cards, Personal Education, Personal Healthcare and Others. Household Debt as % of Nominal GDP prior to Q4 2015 is calculated from Nominal GDP based on old methodology.


Related information about Sri Lanka Household Debt: % of GDP

• In the latest reports, Sri Lanka Household Debt reached 6.5 USD bn in Sep 2024.
• Money Supply M2 in Sri Lanka increased 10.2 % YoY in Dec 2024.
• Sri Lanka Foreign Exchange Reserves was measured at 6.0 USD bn in Jan 2025.
• The Foreign Exchange Reserves equaled 3.1 Months of Import in Dec 2024.
• Sri Lanka Domestic Credit reached 58.3 USD bn in Dec 2024, representing an increased of 4.0 % YoY.
• The country's Non Performing Loans Ratio stood at 4.5 % in Dec 2021, compared with the ratio of 4.9 % in the previous year.

Introduction

According to Market.us, The Global Debt Collection Agencies Market is showing steady progress as financial institutions and businesses rely on professional services to manage overdue payments and improve recovery rates. Valued at USD 31.3 Billion in 2023, the market is projected to reach nearly USD 41.7 Billion by 2033, reflecting a CAGR of 2.90% between 2024 and 2033. In 2023, North America maintained a dominant position, accounting for more than 40% of the global market and generating close to USD 12.5 Billion in revenue, supported by advanced financial systems, high consumer credit activity, and well-established regulatory frameworks.

The debt collection agencies market comprises firms dedicated to recovering overdue payments for creditors. These agencies serve an increasingly vital role as businesses and institutions face mounting unpaid debts and pressures to maintain liquidity. Many organizations delegate this complex task to specialist firms, given their operational demands. The growing prevalence of general consumer and corporate indebtedness has steadily driven demand for professional debt recovery services, as internal efforts often prove inefficient and resource‑intensive.

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Based on data from BusinessDasher, More than 70 million American adults have faced debt collection as U.S. household debt reached USD 17.3 trillion in 2024. In 2023, about 6,431 agencies were in operation, though the industry saw a 2.1% decline in business numbers. Recovery rates remain modest, with agencies securing only 20–25% of owed debts on average, while medical debt dominates with 57% of collection tradelines on credit reports.

Debt collection practices often create strain for consumers, with 40% reporting contact at least four times a week. Traditional methods remain dominant, as 98% of agencies still use mailed letters. Complaints are significant, with debt collection accounting for 27% of all submissions to the Consumer Financial Protection Bureau, the highest among any category, highlighting the need for more balanced and empathetic practices.

Regionally, New York (725 agencies), California (706), and Texas (525) lead in the number of businesses. The financial services sector contributes 37% of industry revenue, but it has declined at 2.1% annually between 2018 and 2023. These trends point to a shifting market shaped by regulatory changes, economic pressures, and evolving consumer protection standards.

In 2023, around ** percent of all medical debt in the United States belonged to individuals who owed more than ***** U.S. dollars. In 2019, the total medical debt in the United States was estimated to be at least *** billion U.S. dollars. This statistic illustrates the share of aggregate total medical debt in the United States, by amount owed.

*χ2 p is the calculated chi-square value.

In 2022, among those with medical debt, 48 percent of female adults in the United States stated that they currently had medical debt, while 34 percent of male adults stated the same. This statistic illustrates the percentage of adults in the United States who have medical debt, by gender.

Australia Personal Insolvency: Debt Agreements & Personal Insolvency Agreements: Non Business: Health Care & Social Assistance data was reported at 16.000 Person in 20 Mar 2022. This records a decrease from the previous number of 17.000 Person for 06 Mar 2022. Australia Personal Insolvency: Debt Agreements & Personal Insolvency Agreements: Non Business: Health Care & Social Assistance data is updated weekly, averaging 17.000 Person from Apr 2020 (Median) to 20 Mar 2022, with 51 observations. The data reached an all-time high of 46.000 Person in 03 May 2020 and a record low of 3.000 Person in 21 Feb 2021. Australia Personal Insolvency: Debt Agreements & Personal Insolvency Agreements: Non Business: Health Care & Social Assistance data remains active status in CEIC and is reported by Australian Financial Security Authority. The data is categorized under Global Database’s Australia – Table AU.O006: Insolvency Statistics: Debtors Entering New Administrations: Fortnightly (Discontinued).

In 2023, over half of adults with medical debt had debt from hospital care, while over ******* had debt due to emergency care or doctor's office visit. Just *********** said their debt came from long-term care. This statistic illustrates the share of adults with medical debt in the United States in 2023, by the source of their debt.

Australia Personal Insolvency: Debt Agreements & Personal Insolvency Agreements: Health Care & Social Assistance data was reported at 18.000 Person in 20 Mar 2022. This records an increase from the previous number of 17.000 Person for 06 Mar 2022. Australia Personal Insolvency: Debt Agreements & Personal Insolvency Agreements: Health Care & Social Assistance data is updated weekly, averaging 17.000 Person from Apr 2020 (Median) to 20 Mar 2022, with 51 observations. The data reached an all-time high of 48.000 Person in 03 May 2020 and a record low of 3.000 Person in 21 Feb 2021. Australia Personal Insolvency: Debt Agreements & Personal Insolvency Agreements: Health Care & Social Assistance data remains active status in CEIC and is reported by Australian Financial Security Authority. The data is categorized under Global Database’s Australia – Table AU.O006: Insolvency Statistics: Debtors Entering New Administrations: Fortnightly (Discontinued).