The number of hospitals in Canada has shown a slight declining trend from 722 in 2013 to 714 in 2023. Over the last two years, the number of hospitals increased by 0.57% in 2021 and 1.13% in 2022, leading to a stabilization in 2023. The Compound Annual Growth Rate (CAGR) over the last five years indicates an average annual decrease of 0.028%. For the forecasted period from 2024 to 2028, the number of hospitals is expected to remain constant at 714, suggesting no growth or decline with a forecasted 5-year CAGR of 0% and a 5-year growth rate of 0%.
Future trends to watch for:
- Policy changes impacting healthcare funding and hospital operations.
- Technological advancements enabling better remote healthcare services, potentially reducing the need for traditional hospital establishments.
- Population growth and demographic shifts, such as aging populations, which may affect the demand for hospital services.