Penta Hospitals to acquire Homecare Holding
9 April 2024
Healthcare spending in the Czech Republic has experienced growth in recent years, both as a percentage of GDP and in absolute terms. In 2018, healthcare spending accounted for 6.3% of GDP, which increased to 6.8% in 2019 and 8.1% in 2020. The percentage slightly decreased to 7.8% in 2021 before rising to 8.6% in 2022. Future projections indicate a decrease to 8.3% in 2023F, followed by a decline to 7.6% by 2026F and 2027F.
In terms of absolute spending, the Czech Republic's healthcare sector has seen a steady increase. Healthcare spending was €15.8 billion in 2018, which grew to €17.2 billion in 2019 and €19.9 billion in 2020. In 2021, spending further increased to €21.9 billion, followed by €24.4 billion in 2022. Projections for the future show continued growth, with spending reaching €25.6 billion in 2023F, €26.0 billion in 2024F, €27.5 billion in 2025F, €29.4 billion in 2026F, and €32.0 billion in 2027F. The upward trend in healthcare spending highlights the Czech Republic's commitment to investing in the health and well-being of its population.
Healthcare spending per capita in the Czech Republic has been on an upward trajectory in recent years. In 2018, healthcare spending per head was €1,497, which increased to €1,630 in 2019 and €1,890 in 2020. The upward trend continued, with spending reaching €2,085 in 2021 and €2,241 in 2022.
Future projections indicate that healthcare spending per capita will continue to grow. In 2023F, it is expected to reach €2,389, followed by €2,479 in 2024F, €2,617 in 2025F, €2,797 in 2026F, and €3,038 in 2027F. The consistent increase in healthcare spending per capita in the Czech Republic reflects the country's ongoing commitment to investing in the health and well-being of its citizens, as well as its efforts to improve the overall quality of its healthcare system.
The Czech Republic's healthcare system has experienced growth in hospital revenue by provider from 2016 to 2021, with the Ministry of Health and Regional providers generating the highest revenues. From 2016 to 2021, managed by other central organs, municipal and city, and managed by other legal entity (ecclesiastical) revenues increased steadily, while regional and Ministry of Health revenues exhibited substantial growth.
Selected healthcare indicators, including life expectancy, the number of doctors per 1,000 people, and the number of hospital beds per 1,000 people, display mixed trends. Life expectancy showed fluctuations between 2018 and 2021 but is projected to increase consistently in the forecast period. The number of doctors per 1,000 people experienced steady growth from 2018 to 2022 and is expected to continue rising through 2027F. However, the number of hospital beds per 1,000 people declined slightly from 2018 to 2022, with forecasts predicting a continued gradual decrease.
In conclusion, the Czech Republic's healthcare system has witnessed growth in hospital revenue across all provider categories and anticipates improvements in life expectancy and the number of doctors per 1,000 people over the forecast period. However, a minor decline in the number of hospital beds per 1,000 people is also projected.