Based on the actual data from 2023 and forecasted figures for 2024, Germany holds the highest healthcare expenditure on residential long-term care facilities among European countries, followed by France and the United Kingdom. Notably, Germany and the Netherlands showed healthy year-on-year increases of 5.35% and 5.68%, respectively, while Belgium experienced a decline of 1.33%. Emerging markets such as the Czech Republic and Lithuania demonstrated significant growth, with year-on-year increases of 10.69% and 14.11%, respectively. On the other hand, countries like Greece and Bosnia and Herzegovina saw reductions in their expenditures.
Several countries, including Italy, Norway, and Greece, exhibited relatively low or negative growth rates, indicating challenges or shifts in their long-term care strategies. However, rising expenditure in countries such as Estonia, Latvia, and Croatia suggests a trend of prioritizing long-term care in these regions.
Future trends to watch include potential increases in expenditure in Eastern European nations due to aging populations and policy shifts. Furthermore, sustained growth in Western and Northern European countries is expected to continue, driven by advanced healthcare infrastructure and increasing demand for long-term care services. Monitoring fiscal policies, demographic shifts, and technological advancements will be crucial in understanding future expenditure patterns.
Top countries in Healthcare Expenditure on Residential Long-Term Care Facilities by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 46,570 | 2023 | +4.64% | +5.35% | View data |
| 2 | 2 France | 37,230 | 2023 | +2.67% | +4.51% | View data |
| 3 | 3 United Kingdom | 29,730 | 2023 | +0.95% | +1.54% | View data |
| 4 | 4 Netherlands | 27,760 | 2023 | +2.21% | +5.68% | View data |
| 5 | 5 Switzerland | 14,240 | 2023 | +2.83% | +3.87% | View data |
| 6 | 6 Sweden | 10,280 | 2023 | +1.39% | +1.91% | View data |
| 7 | 7 Italy | 9,780 | 2023 | +0.93% | +0.31% | View data |
| 8 | 8 Belgium | 7,080 | 2023 | +4.57% | -1.33% | View data |
| 9 | 9 Spain | 6,890 | 2023 | +2.57% | +2.83% | View data |
| 10 | 10 Norway | 5,980 | 2023 | +0.11% | -0.35% | View data |