From 2013 to 2023, the number of hospital beds in Canada displayed fluctuations with both declines and increases, largely stabilizing in recent years. In 2023, the figure stood at 100.67 thousand beds. Year-on-year variations showed a decline in 2013 and 2014, followed by an overall growth trend from 2018 onwards. The last two years registered year-on-year increases of 1% in 2022 and 0.99% in 2023. Over the past five years, the compound annual growth rate (CAGR) was 1.24%, indicating a steady but gradual increase.

Looking forward, the number of hospital beds is forecasted to continue its upward trend, reaching 105.45 thousand by 2028. The forecasted 5-year CAGR is at 0.74%, reflecting a moderate but sustained growth. Overall, the next five years are expected to see a 3.74% growth rate.

Future trends to watch for: