Forecast: Production of Human Health Services in Belgium

The human health services sector in Belgium has showcased steady growth from 2013 to 2023, reaching 42.78 billion Euros in 2023. The year-on-year variations have generally demonstrated consistent increase, except for minor dips in 2016 and 2022. The average Compound Annual Growth Rate (CAGR) over the past five years stands at 2.25%, reflecting a stable upward trend.

Future expectations suggest continued growth, albeit at a slower pace, with a forecasted 5-year CAGR of 1.41% until 2028. Key future trends to observe include the impact of digital health advancements, increased focus on telehealth services, and the demographic shifts towards an aging population requiring more extensive healthcare services.