Global medical costs to increase by double digits for third straight year, survey finds

Medical Economics November 21, 2024
Todd Shryock

Key Takeaways

• Global medical costs are expected to rise by 10.4% in 2025, driven by increased healthcare utilization and new medical technologies.
• North America and Asia-Pacific will see significant cost increases, while Europe and Latin America will experience slower growth.
• 64% of insurers anticipate high or increasing global medical costs over the next three years, with strong demand for healthcare services.
• Rising pharmacy costs and reliance on private providers due to overburdened public systems contribute to the sustained increase in healthcare costs.

Rising utilization and pharmacy costs, along with new technologies, blamed for the rise

For the third consecutive year, global medical costs are expected to rise by double-digit percentages, with no significant relief in sight, according to...

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