1、2024 Global Medical Trends Survey report Figure 1.Global medical trend 2022 2024,globally and by regionGrossNet*202220232024(projected)202220232024(projected)Global7.410.79.90.35.26.5Latin America10.512.411.62.76.37.9North America8.09.89.40.55.67.1Asia Pacific7.29.99.92.25.67.0Europe6.710.99.32.45.0

2、5.9Middle East and Africa9.811.312.12.64.26.8 2/Global Medical Trends Survey Report 2024Near double-digit global medical costs projected in 2024 despite decline from 2023 highsThe cost of medical care globally reached a historic high in 2023,with the medical trend rate climbing into the double digit

3、s for the first time.However,the WTW 2024 Global Medical Trends Survey reveals a near-term improvement in trend while longer-term challenges persist.After surging from 7.4%in 2022 to a high of 10.7%in 2023,the medical cost trend for 2024 is projected to decrease to a global average of 9.9%.Several f

4、actors are contributing to this decline.The spike in elective procedures,consultations and other medical care resulting from delayed or postponed care due to the pandemic is starting to ease.In addition,global inflation,which was a significant factor in driving up healthcare costs,is expected to con

5、tinue to fall in 2024.But while medical trend is projected to decline,it remains elevated.The high cost of new medical technologies is a key reason for persistently high trend.Furthermore,in some regions,ongoing geopolitical conflicts and resulting displaced populations have negatively affected medi

6、cal costs due to an increased need for care and reduced availability of providers.The growth in medical costs is projected to decline or remain unchanged in most regions in 2024(Figure 1).Healthcare insurers participating in our survey expect the sharpest decrease to occur in Europe,where medical tr