Forecast: Waiting Time for Hip Replacement in Canada

The data indicates a steady increase in the number of hip replacements in Canada from 2023 to 2027. In 2023, hip replacements stood at 165 Percent Days (Median). Forecasted data predicts a consistent year-on-year growth of approximately 3.03%, leading to 185 Percent Days by 2027. The compound annual growth rate (CAGR) over this period is around 2.93%, showcasing stable growth in demand.

Future trend to watch for:

- Technological advancements in surgical techniques and materials.- Increased focus on minimally invasive procedures.- Aging population leading to higher demand.- Better healthcare accessibility improving surgery rates.