Forecast: Share of Private Health Expenditure in Saudi Arabia

From 2013 to 2023, the share of private health expenditure in Saudi Arabia has exhibited a consistent decline. In 2023, it stood at 20.9 units of health expenditure. The year-on-year variation shows a decreasing trend with the percentage drop ranging from approximately -6.22% in 2013 to -2.42% in 2023. The compound annual growth rate (CAGR) over the last five years is about -2.4%, reflecting a steady reduction in the private share of total health expenditure.

Looking ahead, the forecast continues to project a downward trend. Over 2024 to 2028, the five-year CAGR is anticipated at -2.2%, amounting to a total decrease of around -10.53%. This suggests ongoing shifts towards public or alternate funding sources for healthcare.

Future trends to watch for:

• Policy reforms aimed at increasing public healthcare spending.
• New healthcare financing models gaining traction.
• Potential economic factors influencing private expenditure in healthcare.
• Technological advancements reducing the cost of private healthcare services.