The output of healthcare and social work activities in France has shown a steady increase from 2013 to 2023, reaching a value of 280.66 billion Euros in 2023. Year-on-year growth rates have generally been positive, although they showed a slight downward trend, ranging from 3.43% in 2013 to 1.75% in 2023. The compound annual growth rate (CAGR) over the past five years was 1.87%, indicating modest but consistent growth.
Forecast data suggests that this trend will continue, with the output expected to reach 303.61 billion Euros by 2028, representing a five-year forecasted growth rate of 6.38% and a CAGR of 1.24%. Although future growth is slightly slower than historical trends, the sector remains on a positive trajectory.
Future trends to watch for:
- Impact of technological advancements in healthcare, such as telemedicine and medical AI
- Demographic shifts, particularly an aging population increasing demand for healthcare and social services
- Policy changes and healthcare reforms that may impact funding and resource allocation
- Potential effects of global health issues and pandemics on healthcare demand and delivery