Forecast: Healthcare Expenditure on Long Term Nursing Care Facilities in Germany

In 2023, the healthcare expenditure on long-term nursing care facilities in Germany was recorded at 46.72 billion Euros. Forecasts indicate a steady increase in this expenditure, reaching 56.61 billion Euros by 2028. The projected year-on-year growth rates for 2024 to 2028 show an increase between 4% to 5% annually. Over the five years from 2023 to 2028, the compound annual growth rate (CAGR) is expected to average approximately 4.06%.

Future trends to watch for:

• Aging population, which might accelerate the demand for long-term nursing care.
• Technological advancements in healthcare possibly boosting efficiency and costs.
• Government policy changes impacting funding and regulation.
• Potential shifts in societal preferences towards home care solutions.