Between 2013 and 2023, the share of private health expenditure in Thailand experienced a consistent decline, starting at 22.7% in 2013 and decreasing to 14.19% in 2023. The year-on-year decreases intensified over time, as seen in the -5.27% decline in 2023. The compound annual growth rate (CAGR) over the last five years was -4.93%. Post-2023, forecasts indicate a continued downward trend, with the share expected to reach 10.1% by 2028, implying a forecasted CAGR of -5.4% and a total reduction of around 24.23% over the next five years.

Future trends to watch for:

Potential policy changes that could affect private health expenditure
Economic factors influencing household disposable income and health spending
Healthcare system reforms aiming at increased public spending
Shifts in healthcare demand due to demographic changes, such as an aging population