The healthcare expenditure on home-based long-term care in Denmark has shown a fluctuating trend from 2013 to 2023. Starting at 10.29% of the Total Current Health Expenditure in 2013, it exhibited minor yearly variations but has generally decreased over the years, reaching 8.63% in 2023. The year-on-year analysis indicates a declining trend, particularly from 2018 onwards, with notable negative growth rates each year.
For instance, the year-on-year change for 2023 was a decrease of 1.82% compared to the previous year. Over the past five years, the Compound Annual Growth Rate (CAGR) has also shown a downward trend, standing at -2.59% up to 2023. This indicates a persistent reduction in expenditure on home-based long-term care.
Looking ahead, the forecast for 2024 to 2028 predicts a continuation of this declining trend, with an expected forecast 5-year CAGR of -1.48%. This implies a further cumulative decrease of 7.19% over the next five years.
Future Trends to Watch For:
- Technological advancements improving the efficiency and potentially reducing the costs of home-based care services.
- Demographic changes, such as the aging population, which may influence demand and expenditure patterns.
- Policy shifts by the Danish government concerning healthcare allocations.