Between 2013 and 2023, the production of human health services in Germany experienced a steady growth, starting at 198.29 billion euros in 2013 and reaching 272.31 billion euros in 2023. The year-on-year variations illustrate periodic fluctuations, with significant growth in years like 2019 (4.56%) and a noticeable slowdown in 2020 (1.59%) and 2022 (0.22%). The 5-year CAGR indicates an average annual growth of 2.56% over the last five years.
Future trends to watch for include:
- Increasing demand for elderly care services due to Germany's aging population.
- The impact of technological advancements in health services, potentially driving efficiency and cost-effectiveness.
- Policy changes and public health funding that could influence the sector's growth trajectory.
Forecasts suggest a moderate growth rate with a 5-year CAGR of 1.47%, indicating a more incremental pace compared to the previous decade.
