From 2013 to 2023, the share of private prepaid health plans in Canada increased steadily. The value stood at 45.21 units in 2023. The year-on-year percentage variation softened gradually, from 0.96% in 2013 to 0.41% in 2023, indicating a deceleration in growth. The CAGR for the last five years (2019-2023) averaged 0.44%, showing a modest upward trend.

Looking forward, the forecasted data suggests a continuation of this growth, with the share expected to reach 46.09 units by 2028. The forecasted CAGR for the next five years is 0.3%, projecting a still positive, but slowing, growth rate. Future trends to watch for include:

The impact of policy changes and healthcare reforms on private health plan participation.
Technological advancements and their adoption in healthcare services, potentially influencing plan structures and costs.
Market dynamics such as insurer competition, consumer preference shifts, and economic factors affecting disposable income.