Spending in 2026

$7.0tn

Spending in 2035

$11.1tn

Category health-1

Health

We track total medical consumption, not just out-of-pocket spending

Baby Boomers will remain healthcare's biggest spenders until 2035, when Gen X takes over as the primary driver of medical spending.

Category health 2-1

Emerging markets are set to play a pivotal role in the next decade of healthcare growth, with six of the ten fastest-growing markets located in Asia and strong momentum also expected across parts of Africa. Countries such as Georgia, Turkey, and the Philippines are projected to record some of the highest healthcare spending CAGRs globally. This expansion will be driven largely by middle-class and affluent households, whose rising incomes are fuelling demand for higher-quality services, advanced medical technologies, and comprehensive insurance coverage. Growth will be broad-based, spanning medical supplies, outpatient care, hospital services, and health insurance, with each sub-sector poised for steady, long-term gains.

Healthcare is one of the most resilient and steadily expanding sectors in the global economy. Understanding where, when, and by whom this growth will occur is critical for policy makers, providers, investors, and innovators. World Data Lab’s forward-looking models deliver a clear, city-level view of healthcare demand, helping stakeholders target resources and strategies for maximum impact.

Category health 1-1