APAC: gross medical cost trend by country or region 2020-2022

For 2022, the forecasted gross medical cost trend in the Asia-Pacific region was highest in India, reaching approximately 23.5 percent. This was followed by Malaysia, where the forecasted gross medical cost trend amounted to around 16.2 percent. Comparatively, the forecasted gross medical cost trend in South Korea was estimated to amount to about 2.7 percent in that year.

Gross medical cost trend rates in the Asia Pacific region from 2020 to 2021 with a forecast for 2022, by country or region

Characteristic	2020	2021	2022**
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Release date

November 2021

More information

Region

Asia, APAC

Survey time period

2020 to 2021

Number of respondents

209 respondents

Special properties

among leading insurers from 61 countries

Method of interview

Online survey

Supplementary notes

* Countries with significant participation.

The survey was conducted among 209 leading insurers from 61 countries, 42 percent of which were from the Asia-Pacific region.

According to the source, the data figures are presented as averages based on GDP per capita.

**Forecasted values.

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