Forecast: Out-of-Pocket Health Expenditure in Thailand

Over the past decade, Thailand's out-of-pocket health expenditure as a percentage of Total Current Health Expenditure has shown a consistent declining trend. Starting at 12.54% in 2013, it decreased to 7.12% in 2023. This downward trend has been more pronounced in recent years, with a year-on-year decrease of 7.49% in 2022 and 7.94% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years indicates an average annual decline of 7.15%.

Looking forward to the forecasted period from 2024 to 2028, the downward trend continues. By 2028, out-of-pocket health expenditure is expected to decline to 3.91%. The forecasted five-year CAGR is -9.5%, with an overall reduction of 39.3% from 2024 to 2028.

Future trends to watch for:

• The impact of government policies aimed at reducing out-of-pocket expenses.
• Improvements in public healthcare funding and insurance coverage.
• Possible economic factors influencing healthcare costs and expenditure patterns.