Taking a close look at the share of private health expenditure in the United Arab Emirates from 2013 to 2023, it's clear the percentage has been gradually declining. In 2023, the share was 24.76%, down from 26.63% in 2013. The year-on-year variation showed a consistent decrease over the years, with the rate dropping by an average of around 0.97% in 2023. The compound annual growth rate (CAGR) for the last five years stood at -0.99%, indicating a steady decline.
Looking ahead to the forecast from 2024 through 2028, this downward trend is expected to continue, with the forecasted share decreasing further to 23.5% by 2028. The forecasted 5-year CAGR is -0.83%, and the cumulative forecast growth rate from 2024 to 2028 is expected to be around -4.07%.
Future trends to watch for include:
- Government policies and their impact on the redistribution of healthcare expenditure.
- Development and adoption of universal healthcare programs.
- Potential economic changes influencing private healthcare spending.
- Technological advancements and their accessibility within the public sector.