The value added of human health services in Canada is forecasted to grow steadily from 137.33 billion Canadian dollars in 2024 to 148.92 billion in 2028. From the previous actual data in 2023, we see a consistent upward trend. This five-year growth reflects a compound annual growth rate (CAGR) observed through consecutive increases: 2.17% from 2024 to 2025, 2.09% from 2025 to 2026, 2.00% from 2026 to 2027, and 1.92% from 2027 to 2028. These year-on-year increases suggest sustained expansion in the sector.
Future trends to watch for include:
- Increasing demand for healthcare services due to an aging population.
- Technological advancements supporting new service delivery models.
- Potential policy reforms impacting healthcare funding and service structures.
