Forecast: Healthcare Expenditure on Long-Term Care (Social) in Denmark

Analyzing Denmark's healthcare expenditure on long-term care (social) reveals a consistent upward trend. From 2013 to 2023, expenditure increased from 9.41% to 10.5% of Total Current Health Expenditure, representing consistent growth despite minor fluctuations. Particularly notable is the year-on-year increase from 2019 to 2020 at a notable 1.84%, followed by a dip in 2021 with a -4% change, then recovering in 2022 and 2023. Over the last five years up to 2023, the average annual growth rate (CAGR) stood at approximately 1%.

Future projections from 2024 to 2028 suggest a continuation of this growth albeit at a moderated pace, with a forecasted CAGR of 0.78% and an overall growth rate of 3.96% over five years. We expect expenditures to rise from 10.6% in 2024 to 11.02% by 2028.

Future trends to watch for include:

  • Potential policy changes impacting long-term care funding.
  • Demographic shifts such as an aging population necessitating higher expenditures.
  • Technological advancements that could alter the cost structure of long-term care services.

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