The output of healthcare and social work activities in Austria has shown consistent growth from 2013 to 2023, reaching 42.16 billion Euros in 2023. The year-on-year growth has generally declined over this period, from 5.36% in 2016 to 2.69% in 2023. The CAGR over the last five years leading to 2023 is 3.25%, reflecting a moderate but steady increase.
Looking ahead, the forecast from 2024 to 2028 suggests a continued, albeit slower, growth with a forecasted 5-year CAGR of 1.87% and an expected output reaching 47.45 billion Euros by 2028, representing a 9.7% total growth over this period.
Future trends to watch for in Austria’s healthcare and social work sectors include:
- Increasing demand for services due to an aging population
- Increased government and private sector investments
- Technological advancements potentially driving efficiencies
- Rising healthcare costs and funding challenges
