In Canada, the number of practising physicians aged 65-74 was last recorded in 2023, and it is projected to increase from 12.18 thousand in 2024 to 13.28 thousand by 2028. This represents a steady annual growth rate, with a year-on-year increase of about 2.3% to 2.4%. The compound annual growth rate (CAGR) during this forecast period is around 2.2%.
Looking ahead, factors such as the aging physician workforce, potential policy changes, and healthcare demands may influence these trends. Monitoring retirement rates, healthcare system adaptability, and younger physician retention will be crucial in shaping the future landscape.
