The share of private health expenditure in Egypt has been gradually increasing over the years. From 2013 to 2023, the data shows a steady rise in the share of private health expenditure from 62.33% to 64.18%. This indicates a cumulative growth of 1.85% over a decade, reflecting a year-on-year increase that averages around 0.33% per annum in recent years.
In the immediate past two years (2022 to 2023), the year-on-year variation was 0.32%, showing slight but consistent improvement. The compounded annual growth rate (CAGR) for the last five years (2018-2023) stands at approximately 0.34%.
Looking forward, the forecasted data from 2024 to 2028 indicates a continued upward trend with the share of private health expenditure expected to rise to 65.15% by 2028. The forecasted CAGR over these five years is slightly lower at 0.24%, which translates to an overall five-year growth rate of approximately 1.2%.
Future trends to watch for include the impact of economic policies on healthcare funding, potential changes in public health expenditure, and the role of private insurance and healthcare providers in driving this sector's growth. Additionally, demographic shifts and policy reforms could substantially influence the trajectory of private health expenditure in Egypt.
