The forecasted density of long-term care beds in Canada from 2024 to 2028 shows a stable trend of 2.46 to 2.47 beds per thousand persons aged 65 and older. In 2023, the actual figure stood at 2.45. This translates to a negligible year-on-year increase of approximately 0.41% from 2023 to 2024. Over the forecast period, the compound annual growth rate (CAGR) remains minimal, indicating a flat growth trajectory in the provision of long-term care beds relative to the aging population.
Future trends to watch for include potential policy changes aimed at increasing long-term care capacity, technological advancements in senior care facilities, and demographic shifts that may further impact demand and supply dynamics in this sector.
