In 2023, the number of practicing physicians aged 45-54 in Canada stood at 21,080. Forecast data indicates a steady increase from 2024 to 2028, with the count rising from 21.32 to 22.24 thousand persons. Between 2024 and 2025, the year-on-year variation is approximately 1.13%. Similarly, a consistent annual growth of around 1.09% to 1.02% is projected in subsequent years, culminating in a compound annual growth rate (CAGR) of approximately 1.08% over the five-year period.
Future trends to watch include potential impacts on the healthcare workforce due to aging demographics, such as retirement rates and the pipeline of younger physicians entering practice. Monitoring policy changes and healthcare demand shifts could also influence these projections significantly.
