The value added of healthcare in Germany has demonstrated consistent growth from 2013 to 2023, with the figure standing at 199.14 billion Euros in 2023. The year-on-year variation has typically ranged between 2.88% and 5.45%, with the most recent years (2022 and 2023) showing growth rates of 3.91% and 3.73%, respectively. The compound annual growth rate (CAGR) over the last five years has been 4.19%, echoing the sector’s steady expansion.
Looking ahead, the forecasted data from 2024 to 2028 suggests a moderation in growth with a forecasted five-year CAGR of 2.55%, culminating in a 13.39% total growth rate over this period. By 2028, the value is expected to reach 233.85 billion Euros.
Future trends to watch for include:
- Impact of technological advancements on healthcare efficiency and costs.
- Population aging and its effect on healthcare demand and expenditure.
- Policy changes and healthcare reforms influencing market dynamics.
- The role of preventative care and wellness programs in reshaping the healthcare landscape.