As of 2023, the share of private prepaid health plans in Egypt stood at 1.87 units of private health expenditure. From 2013 to 2023, there has been a steady increase from 1.55 to 1.87, representing a consistent upward trend. The average year-on-year variation has been approximately 2% to 3% in the early years, slightly slowing down to around 1.69% in 2023. The Compound Annual Growth Rate (CAGR) has also shown a gradual decline from -1.67% in 2013 to 1.83% in 2023. This suggests a stable growth pattern over the last decade.
Forecasts for 2024 to 2028 predict continued growth, with the share forecasted to rise to 2.02 units by 2028. The forecasted average annual growth rate (CAGR) for the next five years is 1.19%, with an overall growth rate of 6.09% for the period. While the growth rate is expected to continue at a slower pace, the upward trajectory signals ongoing expansion in the private prepaid health plan sector.
Future trends to watch for include potential regulatory changes, technological advancements in healthcare, and shifts in consumer preferences towards private health plans, which could further influence the growth and development of this market in Egypt.
