In 2023, business enterprise R&D expenditure in residential care activities and social work activities without accommodation in Germany was approximately 2.09 million US Dollars PPP. From 2024, forecasts indicate a steady increase with an annual average growth (CAGR) of 14.34% over a five-year span, reaching 3.67 million USD PPP by 2028. Year-on-year growth is apparent, with a notable acceleration from 2024 to 2028, averaging between 14% and 15% annually.
Future trends to watch for include technological integration and innovation in care delivery, the potential impact of government policies boosting R&D incentives, and evolving societal needs for social services. Keeping an eye on these factors will be crucial as they might substantially influence R&D expenditures in this sector.
