In 2023, the share of private prepaid health plans in Thailand stood at 44.42 units of private health expenditure. From 2013 to 2023, we observed a consistent upward trend in the share of private prepaid health plans, with an annual growth rate varying from 0.029% in 2014 to as high as 10.8% in 2013. More recently, the year-on-year growth decelerated to around 2.23% in 2023, with the last five years showing a compound annual growth rate (CAGR) of 2.44%.
Forecast data from 2024 to 2028 suggests that this upward trend will continue, albeit at a more moderate pace. The forecasted CAGR for the next five years stands at 1.54%, with an overall growth rate of 7.96% expected from 2024 to 2028.
Future trends to watch for include increased digital adoption in healthcare, potential regulatory changes, and evolving economic factors influencing personal health expenditure. Monitoring these elements will be crucial for understanding and anticipating shifts in the private prepaid health plan sector in Thailand.
