Forecast: Value Added of Healthcare in Belgium

The healthcare value-added in Belgium stood at 20.19 billion Euros in 2023. Examining the trend over the last decade, there has been a general upward movement despite a significant dip in 2020 due to the pandemic, which saw a year-on-year decrease of 14.33%. Following 2020, the sector rebounded with growth rates of 8.09% in 2021 and 6.38% in 2022. The average annual growth rate (CAGR) over the last 5 years has been 1.44%. Forecasts indicate a continued positive trend, with the value expected to reach 21.75 billion Euros by 2028, reflecting an average annual growth rate of 1.19% over the forecasted period.

Future trends to watch for:

• Continued recovery and stabilization post-pandemic, with increased investment in healthcare infrastructure.
• Growth in digital health and telemedicine as a result of technological advances and increased acceptance.
• Potential impact of demographic changes, particularly an aging population, on healthcare spending and value-added.