In this article, we will be taking a look at 5 countries with the best healthcare in 2024. If you wish to learn about more, head straight to the 20 Countries With the Best Healthcare in 2024.
5. Singapore
Insider Monkey Score: 44.02
Singapore’s healthcare system is renowned for its quality and accessibility, with current health expenditure expected to rise to 5.9%, making Singapore a country with #1 in quality healthcare. Challenges like rising non-communicable diseases and an aging population are being addressed through initiatives like the Healthcare 2020 Masterplan. Singapore has low infant mortality rates and ranks fourth globally in life expectancy. National health expenditure is projected to reach $43 billion by 2030, driven by demographic changes, with both public and private sectors contributing significantly.
4. Malta
Insider Monkey Score: 45.03
Malta’s healthcare system is effective and accessible, despite challenges like high obesity rates, making Malta stand among the countries with the best healthcare in 2024. Hospital capacity expanded rapidly during the pandemic. In 2020, health expenditure was 10.84% of GDP, with 67% publicly funded. The private sector supports service provision, especially in primary and ambulatory care. Despite high obesity rates, Malta has low preventable mortality.
3. Iceland
Insider Monkey Score: 49.6
Iceland’s healthcare system provides universal coverage mainly through public funding, managed centrally by the government, making Iceland stand among the countries with the best healthcare system. Iceland’s healthcare spending in 2021 was $6,636, marking a 17.72% increase from 2020. Strategic measures have reduced spending on pharmaceuticals and medical devices. However, hospital capacity remains a concern due to consistently high bed occupancy rates.
2. Taiwan
Insider Monkey Score: 71.56
Taiwan’s healthcare system, established in 1995 with a 99% participation rate, provides comprehensive coverage, short waiting times, and affordability. In 2022, the average household spent around 148,600 New Taiwan dollars on health. Despite challenges such as obesity and heart disease, Taiwan achieved a life expectancy of 81 years in 2019, along with low infant mortality rates and high fertility rates.
1. Hong Kong
Insider Monkey Score: 72.82
Hong Kong’s healthcare system is robust, with total healthcare expenditure reaching US$25.6 billion in 2022, accounting for 7.3% of the GDP. The city has 36,564 hospital beds, with a ratio of 4.9 beds per thousand population. Common diseases include ischemic heart disease, cerebrovascular disease, pneumonia, and cancer, with significant concerns about chronic respiratory diseases and diabetes. In 2020/21, total health expenditure was HK$199,894 million, with public expenditure accounting for 60.3% of the total.
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