The share of private health expenditure in Egypt has shown a consistent upward trend from 2013 to 2023, rising from 62.33 to 64.18 units. The year-on-year variations have been relatively modest but consistently positive from 2015 onwards, indicating a stable increase in private health spending. From 2019 to 2023, the share increased steadily, albeit at a decreasing rate of growth each year, signaling a maturing phase in this expenditure category. The 5-year CAGR from 2019 to 2023 was 0.34%, reflecting the average annual growth rate. As of 2023, the value of private health expenditure stood at 64.18 units.
Looking forward to the forecasted period from 2024 to 2028, the trend indicates further increases in private health expenditure, albeit at a slower pace. The forecasted 5-year CAGR from 2023 to 2028 is projected to be 0.24%, with an overall growth rate of 1.2% over the same period.
Future trends to watch for include potential changes in government policies impacting healthcare funding, economic conditions affecting disposable incomes, and technological advancements that might alter healthcare costs and demand. Monitoring these factors will be crucial for understanding the dynamics of private health expenditure in Egypt.
