Reviewing the healthcare expenditure on residential long-term care facilities in Belgium, the value stood at 7.08 billion Euros in 2023. This reflects a compound annual growth rate (CAGR) over the past five years of around -1.33%, indicating slight fluctuations and a moderate increase in spending. Specifically, the last two years saw steady increases of 6.56% and 4.57% respectively.
Forecasting over the next five years, a forecasted average growth rate of 1.7% annually is expected, leading to an expenditure of 7.88 billion Euros by 2028. The overall forecasted growth rate over this period is estimated at 8.8%.
Future trends to watch for:
- Potential impact of an aging population increasing expenditure.
- Government policy changes and funding which could influence growth rates.
- Technological advancements improving efficiency and cost management.
