Forecast: Healthcare Expenditure on Retailers of Medical Goods in Austria

Healthcare expenditure on retailers of medical goods in Austria has steadily increased from 1.58 units of GDP in 2013 to 2.54 units in 2023. The expenditure experienced relatively minimal fluctuations until 2020, after which there was a notable surge. This sharp rise continued through 2021 and 2022, with year-on-year growth rates of 15.61% and 13.5%, respectively. By 2023, the expenditure increased by 11.89%, standing at 2.54 units of GDP.

Looking ahead, the forecasted data predicts a continued upward trajectory, with the expenditure expected to reach 3.85 units of GDP by 2028. The Compound Annual Growth Rate (CAGR) over the last five years stands at 9.41%, while the forecasted 5-year CAGR is 6.58%, indicating a robust growth phase.

Future trends to watch for include:

• Potential impacts of technological advancements in medical goods on expenditure.
• Shifts in healthcare policies that may affect spending on medical goods.
• Economic factors influencing healthcare expenditure patterns.