In 2023, the number of employees in the Human Health Services sector in Germany stood at approximately 3.05 million persons. Observing the trend from 2013 to 2023, there has been a consistent increase. The year-on-year variation has generally fallen between 1.21% and 3.29%, showing a stable upward trend with slight fluctuations. Over the last two years (2022-2023), the year-on-year variation has been around 1.23%, indicating a slight deceleration in growth.
The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) has been 1.36%, showcasing a gradual, albeit slow, growth in the sector. For the forecast period from 2024 to 2028, the CAGR is expected to decelerate to 0.87%, with an overall growth rate of 4.44% during this period.
Future trends to watch for include:
- Aging Population: Increased demand for healthcare services driven by an aging population.
- Technological Advancements: Adoption of new technologies in healthcare could impact employment needs.
- Policy Changes: Healthcare reforms and government policies could alter growth trends.
- Global Events: Factors such as global pandemics can significantly impact workforce requirements.