In 2023, the number of hospital beds in publicly owned hospitals in Canada stood at 100.25 thousand. Over the last two years, from 2021 to 2023, the number of hospital beds has seen consistent growth, with a year-on-year variation of 1.15% in 2022 and 1.06% in 2023. The compound annual growth rate (CAGR) over the last five years has averaged 1.28% per year, indicating a steady increase in the number of hospital beds since 2018.
Between 2013 and 2023, the data shows fluctuations with periods of both decline and growth. However, from 2020 onwards, there has been a noticeable upward trend, likely influenced by increasing healthcare demands and policy shifts focusing on healthcare infrastructure.
Looking ahead, the forecasted data from 2024 to 2028 predicts a continued upward trajectory, with a forecast CAGR of 0.65% and overall forecast growth of 3.3% over five years. As of 2028, the number of hospital beds is anticipated to reach 104.57 thousand, reflecting ongoing investment in public healthcare resources.
Future trends to watch for include:
- Impact of demographic changes such as aging population on hospital bed requirements.
- Potential healthcare reforms and funding allocations.
- Technological advancements and their effect on healthcare delivery impacting hospital bed utilization.
