Global health care spending is expected to slow down to 3.2% in 2019, from 5.2% in 2018. 

Causes of this slow down:

• Currency shifts
• Geopolitical tensions including trade tensions and Brexit

Long term outlook - Health care spending is expected to rise at a CAGR of 5% over 2019–23, up from 2.7% in 2014–18.

Global health care spending as a share of GDP will likely remain at around 10.2% through 2023, equal to 2018's ratio.

Spending will continue to be unevenly spread, ranging from US$12,262 in the United States to just US$45 in Pakistan in 2023.

It’s trending – Around 450 million people currently suffer from mental disorders placing it among the leading causes of ill health and disability.

How will stakeholders respond? Disruptive technologies that can help combat these often-debilitating conditions and streamline the delivery of mental health interventions. Deloitte is collaborating with World Economic Forum (WEF) to build an actionable policy framework that will guide the use of technology in mental health.

It’s trending – More focus is being placed on Smart Health Communities (SHCs) – groups of public, nonprofit, and commercial enterprises, as well as non-traditional players—who are focused on addressing disease prevention and well-being and work together on a sustained basis, all while operating largely outside of the traditional health care system.

How will stakeholders respond? Platforms developed for SHCs can use data-fueled technologies such as the Internet of Things (IoT) and augmented/virtual reality to make timely and informed decisions, thus increasing the scale of these projects.

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