The value added of human health services in Belgium has consistently increased from 2013 to 2023, reaching 20.97 billion Euros in 2023. Over this period, year-on-year variations fluctuated, with notable higher growth in 2018 and 2019, reflecting increased investments and expansions. The CAGR over the last five years was 2.22%, indicating a steady growth trend.
Prospective forecasts from 2024 to 2028 suggest continued growth, albeit at a slightly diminished CAGR of 1.24%. The estimated value in 2028 is projected to reach 22.68 billion Euros, showcasing a consistent upward trajectory with a total forecasted growth rate of 6.37% over five years.
Future trends to watch for include:
- Technological advancements in medical treatments and healthcare systems.
- Demographic changes such as population aging, increasing demand for health services.
- Policy changes and government funding impacting the healthcare sector's growth rates.
- The potential influence of global health crises or pandemics influencing healthcare investment and operations.
