In analyzing the forecasted data from 2024 to 2028, the number of psychiatric care beds in Canada shows a steady increase. For 2023, the value stood at 14.29 thousand. Year-on-year growth from 2024 to 2028 is consistent at approximately 0.69%, indicating a stable upward trend over the coming years. Over a five-year forecast period, the compound annual growth rate (CAGR) is roughly 0.69% per year.
Future trends to watch for include potential increases in demand for psychiatric services driven by population growth and evolving mental health needs. Technological and policy changes could also impact the number of care beds required across the country.
