Forecast: Out-patient medical care in Canada

An analysis of out-patient medical care in Canada reveals a steady growth trajectory from 2013 onwards, with an increase from 35.08 million units (persons) to 38.81 million units by 2023. Notably, year-on-year growth rates show slight fluctuations, peaking at 1.42% in both 2018 and 2019 before tapering to 0.55% in 2023.

- The compounded annual growth rate (CAGR) over the five years leading to 2023 stood at 0.92%, reflecting modest yet consistent growth.

- Projections for 2024 and onwards suggest a deceleration in the growth rate, with the forecasted 5-year CAGR dropping to 0.2%. This indicates slower growth as the number of out-patient cases is expected to reach 39.38 million by 2028.

Future trends to watch for include the potential impact of healthcare innovations, demographic shifts related to aging populations, and policy changes affecting healthcare accessibility. These factors could significantly influence the out-patient medical care landscape in the coming years.