Based on the data provided, the number of hospital-employed persons in Canada has increased steadily from 2013 onwards, reaching 545.1 thousand Full-Time Equivalent (FTE) in 2023. Year-on-year growth has shown variability, with notable jumps in 2020 (6.74%) likely driven by heightened demands during the pandemic. In recent years, the average annual growth rate has been around 2.22% between 2019 and 2023.
Looking forward, the growth rate is expected to moderate, with forecasted data indicating an annual average growth rate (CAGR) of 1.11% from 2024 to 2028. This trend points to a deceleration in the pace of employment growth in hospitals, suggesting stabilization in the healthcare job market.
Future trends to watch for:
- Impact of technological advancements and automation in healthcare settings.
- Increasing focus on outpatient services and digital health solutions.
- Potential policy changes affecting healthcare funding and employment.