The domestic private health expenditure in Thailand has shown various fluctuations over the past decade. From 2013 to 2023, the expenditure displayed both peaks and declines, with notable increases such as in 2015 (+18.32%) and decreases like in 2016 (-2.98%). By 2023, the expenditure stood at 28.73 units. The compound annual growth rate (CAGR) over the last five years remained relatively stable, albeit slightly negative at -0.17%.
Looking ahead, the forecast suggests a minor decrease in private health expenditure from 2024 to 2028, with a projected CAGR of -0.08% and a total reduction of 0.39% over these five years. The expected value for 2028 is 28.58 units.
Future trends to watch for:
- Changes in demographic factors such as aging population which may increase demand for private healthcare services.
- Economic conditions and their impact on disposable income, influencing private health expenditure.
- Innovations and advancements in healthcare technology that could either drive up costs or make services more accessible and affordable.
- Potential policy changes and government interventions impacting the healthcare sector.
