From 2013 to 2023, healthcare expenditure on inpatient long-term care in Austria steadily increased from 2.61 billion to 3.72 billion euros, with a year-on-year variation predominantly between 3% to 4%. Notably, 2020 saw a higher jump of 5.46%, possibly due to the COVID-19 pandemic. The compound annual growth rate (CAGR) over the last 5 years up to 2023 stood at 3.39%, indicating moderate yet steady growth. Additionally, the forecast from 2024 to 2028 anticipates continued growth, albeit at a slightly slower 5-year CAGR of 2.15%, translating to a forecasted 4.26 billion euros in 2028.
Future trends to watch for:
- Elevated costs associated with an aging population.
- Policy changes addressing long-term care funding.
- Technological advancements impacting care delivery and expenses.
- The continuing effects of healthcare system adaptations post-COVID-19.
