Forecast: Value Added of Healthcare in Canada

In 2023, the actual value added of healthcare in Canada stood at 138.5 billion Canadian Dollars. The forecasted data from 2024 to 2028 shows consistent growth in the value added of the healthcare sector. From 2024 to 2025, the industry is expected to grow by approximately 3.1%, followed by a 3.0% growth from 2025 to 2026. The growth continues steadily with increases of 2.8% from 2026 to 2027 and 2.7% from 2027 to 2028. The compound annual growth rate (CAGR) over the forecasted five-year period is projected to be approximately 3.0%.

Future trends to watch for include the impact of technological advancements in medical research and telehealth, increased demand driven by an aging population, and potential policy changes affecting healthcare funding. Keeping an eye on these factors will be crucial for stakeholders in the healthcare industry.